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M&A Deal Summary

VITOGAZ S.A. Acquires Chevron - Caribbean and Central America Marketing and Aviation Businesses

On November 18, 2010, VITOGAZ S.A. acquired oil/gas exploration company Chevron - Caribbean and Central America Marketing and Aviation Businesses from Chevron

Acquisition Highlights
  • This is VITOGAZ S.A.’s 1st transaction in the Oil/Gas Exploration sector.
  • This is VITOGAZ S.A.’s 1st transaction in the United States.

M&A Deal Summary
Date 2010-11-18
Target Chevron - Caribbean and Central America Marketing and Aviation Businesses
Sector Oil/Gas Exploration
Buyer(s) VITOGAZ S.A.
Sellers(s) Chevron
Deal Type Divestiture

Target

Chevron - Caribbean and Central America Marketing and Aviation Businesses

United States
Chevron Caribbean and Central America Marketing and Aviation Businesses, include 174 service stations operating under the Texaco brand, an equity interest in an associated refinery operation, proprietary and joint-venture terminals and aviation facilities, and commercial and industrial fuels business.

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Buyer(S) 1

Buyer

VITOGAZ S.A.

Paris,, France
Category Company
Founded 1939
Sector Oil/Gas Exploration
DESCRIPTION

VITOGAZ S.A. engages in the distribution of natural gas, liquefied petroleum gas, butane, propane, and auto gas.

DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2010 M&A 1 of 1

Seller(S) 1

SELLER

Chevron

San Ramon, California, United States
Category Company
Founded 1879
Sector Oil/Gas Exploration
Employees45,298
Revenue 193.4B USD (2024)
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 5 of 14
Sector: Oil/Gas Exploration M&A 4 of 10
Type: Divestiture M&A Deals 5 of 13
Country: United States M&A 4 of 12
Year: 2010 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-09 Atlas Energy

Pennsylvania, United States

Atlas Energy, Inc. is an independent natural gas producers in the Appalachia and Michigan Basins and a developer in the Marcellus Shale in Pennsylvania.

Buy $4.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-04 Marcellus Shale Acreage

New York, United States

Marcellus Shale comprises oil and gas reserves spread over 228,000 acres.

Buy -
Mergr

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