In a decisive move to seize opportunities in the energy landscape, Chevron Corporation has announced its agreement to acquire Denver-based oil and gas producer PDC Energy Inc.

Chevron's Big Bet: Mega Deal with PDC Energy for $6.3 Billion

The slump comes amid worries about increased American shale production in the wake of ramped-up capital investment

US oil prices close below $50 a barrel

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Chevron's Big Bet: Mega Deal with PDC Energy for $6.3 Billion

US oil prices close below $50 a barrel