M&A Deal Summary

Chevron Acquires Unocal

On August 10, 2005, Chevron acquired oil/gas exploration company Unocal for 17.9B USD

Acquisition Highlights
  • This is Chevron’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Chevron’s 3rd largest (disclosed) transaction.
  • This is Chevron’s 4th transaction in the United States.
  • This is Chevron’s 1st transaction in California.

M&A Deal Summary
Date 2005-08-10
Target Unocal
Sector Oil/Gas Exploration
Buyer(s) Chevron
Deal Type Merger
Deal Value 17.9B USD

Target

Unocal

El Segundo, California, United States
Unocal Corp. a petroleum explorer and marketer headquartered in El Segundo, California.

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Buyer(S) 1

Buyer

Chevron

San Ramon, California, United States
Category Company
Founded 1879
Sector Oil/Gas Exploration
Employees45,600
Revenue 196.9B USD (2023)
DESCRIPTION
Chevron office in downtown Houston, Texas.
Chevron office in downtown Houston, Texas.

Chevron is a fully integrated energy company. Its business includes petroleum operations, chemicals, mining operations, power generation and energy services. Chevron's exploration and production operations consists of exploration, development and production of crude oil and natural gas. Chevron was incorporated in 1879 and is based in San Ramon, California.

DEAL STATS #
Overall 4 of 19
Sector (Oil/Gas Exploration) 2 of 13
Type (Merger) 2 of 2
State (California) 1 of 1
Country (United States) 4 of 16
Year (2005) 2 of 3
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-02 Bridgeline

New Orleans, Louisiana, United States

Bridgeline LLC is an owns and operator of over 1,000 miles of intrastate natural gas pipelines and two fully integrated storage facilities with 12.7 Bcf of working gas capacity.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-30 Societe Shell du Cameroun

Cameroon

Societe Shell du Cameroun, which includes 49 service stations as well as certain other in-country assets.

Buy -
Mergr

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