Chevron has decided to sell oil sands and shale assets in Canada to Canadian Natural Resources Limited for $6.5 billion in cash, as part of the U.S. supermajor’s plan to sell off assets and optimize its portfolio. Chevron, via Chevron Canada Limited, will sell its 20% non-operated interest in the Athabasca Oil Sands Project (AOSP), the 70% operated interest in the Duvernay shale, and related interests, all located in Alberta, Canada, the U.S. oil giant said on Monday. The transaction, for US$6.5 billion all in cash, has an effective date…
