Chevron Sells Canada Oil Sand, Shale Assets for $6.5 Billion.

Chevron Corp. has agreed to sell its stakes in certain oil sands and shale assets in Canada to Canadian Natural Resources Ltd. for $6.5 billion. The deal includes Chevron's 20% interest in the Athabasca Oil Sands Project and a 70% holding in the Duvernay shale, both located in Alberta. This sale is part of Chevron's strategy to focus on growth in other regions, such as the Permian basin in the US and the Tengiz field in Kazakhstan. The transaction is expected to close in the fourth quarter, pending regulatory approvals. [Extracted from the article]