By Denny Jacob

 

Chevron Corp. subsidiary Chevron U.S.A. Inc. on Thursday said it agreed to acquire full ownership of Beyond6 LLC and its network of gas stations.

The oil company said it will acquire 55 compressed natural gas stations across the U.S. from Chevron's current Beyond6 co-owners, a subsidiary of Mercuria Energy Trading and Beyond6 Chief Executive CEO Andrew West.

Terms of the deal weren't disclosed.

Chevron said it and Mercuria will enter into a long-term supply relationship to deliver renewable natural gas to Chevron as part of the transaction.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

November 17, 2022 16:28 ET (21:28 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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