Chevron announces agreement to acquire pdc energy

San ramon, calif. and denver, colo.--(business wire)--chevron corporation (nyse: cvx) announced today that it has entered into a definitive agreement with pdc energy, inc. (nasdaq: pdce) to acquire all of the outstanding shares of pdc in an all-stock transaction valued at $6.3 billion, or $72 per share. based on chevron's closing price on may 19, 2023 and under the terms of the agreement, pdc shareholders will receive 0.4638 shares of chevron for each pdc share. the total enterprise value, incl.
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