Chevron has agreed to sell its interest in the Athabasca oil sands project and Duvernay shale in a $6.5 billion deal, it said Monday. The all-cash transaction, which is expected to close in the fourth quarter,

Chevron signed a deal to divest stakes in producing and undeveloped oil sand, liquid and gas properties in Alberta to Canadian Natural for $6.5 billion.

Chevron has announced the sale of its Athabasca Oil Sands and Duvernay Shale assets to Canadian Natural Resources for $6.5 billion in an all-cash deal. This divestiture is part of Chevrons plan to raise $10-$15 billion