Chevron Acquires 100% Of Magnum Development And Majority Interest In ACES Delta; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Chevron has acquired 100% of Magnum Development and a majority interest in ACES Delta. The financial terms of the deal were not disclosed.
September 12, 2023 | 1:03 pm
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POSITIVE IMPACT
Chevron's acquisition of Magnum Development and majority interest in ACES Delta could potentially strengthen its portfolio and market position.
Acquisitions often lead to an increase in market share and potential growth in revenues. However, the impact will depend on the successful integration of the acquired entities into Chevron's operations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100