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Chevron wins UCL in revised bid.(Unocal Corp)
Publication: Oil and Gas Investor Publication Date: 01-SEP-05 |
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COPYRIGHT 2005 Hart Publications, Inc.
Chevron Corp. (NYSE: CVX) has acquired Unocal Corp. for $69 in cash, 1.03 shares of Chevron stock or a combination of $27.60 in cash and 0.618 Chevron share in a deal valued at $19.5 billion.
Unocal had 1.75 billion BOE of proved reserves, boosting Chevron's year-end 2004 proved reserves about 15%. Combined production is approximately 2.8 million BOE per day.
Unocal's key areas of...
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