• Past issues
• /
• Chevron Acquires PDC for $7.6 Billion
• /
• NEOM Green Hydrogen Company completes financial close at a total investment value of USD 8.4 billion in the world's largest carbon-free green hydrogen plant

Description

Other articles in the issue

• Chevron Announces Agreement to Acquire PDC Energy

  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, including debt, of the transaction is $7.6 billion.

• 3M Forward highlights major global trends, and how 3M materials science innovations help the world build a brighter future

  3M Forward is a program that highlights how materials science-based innovation at scale can help society progress amid three unstoppable forces shaping our planet: climate change and resource scarcity, shifting demographics and social change and convergence of the physical and digital worlds.

• Johnson Controls and Weas Development break ground at new state-of-the-art Glendale engineering center and lab space

  Johnson Controls today held a ceremonial groundbreaking celebrating a new state-of-the-art engineering center and laboratory facility where 250 engineering and technology-focused employees will design and test the very best in smart, healthy and sustainable building technology. Johnson Controls will lease the property from owner and developer, Weas Development. Construction is expected to be completed in late 2024.