Chevron Shale Buy Ticks Returns, Emissions Boxes

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  • Chevron's swoop for Denver-Julesburg (DJ) Basin specialist PDC Energy elevates the US shale play to a “top-five” asset in the major's global portfolio and adds key diversification.
  • PDC’s low carbon-intensity footprint is a crucial selling point as Chevron’s upsized growth plans push against calls for more immediate absolute emissions cuts.
  • The major’s patient approach to M&A ensures financial returns also remain front of mind given investors’ strict capital discipline demands.

The Issue

M&A, Majors, Corporate Strategy , CO2 Emissions, Methane Emissions, Shale
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