press release chevron to market shale and tight business in Canada

(Thursday, January 18, 2024) CALGARY – Chevron Canada (Chevron) has decided to market its entire 70 percent working interest in the Duvernay shale and tight play in Alberta.

We have a strong position and are proud of our performance in the Duvernay. The business holds significant value in both its current production as well as potential growth opportunities, which we expect to be attractive to other companies with complementary portfolios.

This decision only impacts Chevron’s interests in the Duvernay. Chevron’s other Canadian interests are not affected.

Chevron will continue to work closely with its joint venture partner, KUFPEC Canada Inc., business partners, government, First Nations, and community organizations during this process. Chevron will be soliciting and reviewing expressions of interest, but there are no assurances of any sale.

Chevron is committed to safely delivering the affordable, reliable, ever-cleaner energy Canada and the world needs.