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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Chevron Corporation | NYSE:CVX | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -1.64 | -1.02% | 159.63 | 161.45 | 158.90 | 160.78 | 7,709,871 | 01:00:00 |
From May 2019 to May 2024
By Stephen Nakrosis
Chevron Corp. (CVX) on Wednesday said a subsidiary plans to acquire all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd in a deal valued at A$425 million.
Chevron Australia Downstream Pty Ltd signed a conditional share sale agreement with Puma Energy Asia Pacific B.V., Chevron said.
Puma Energy (Australia) and its subsidiaries' assets include a network of service stations in Australia, a commercial and industrial fuels business, and fuel distribution depots, among others, Chevron said.
"The acquisition will provide Chevron with a stable market for production volumes from our refining joint ventures in Asia and create a foundation for sustainable earnings growth," said Mark Nelson, Chevron's executive vice president for Downstream & Chemicals.
The deal is expected to close in the middle of next year.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 18, 2019 19:00 ET (00:00 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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