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Chevron Buys Renewable Energy Group

publication date: Mar 11, 2022
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Image Shown: Chevron Corporation is acquiring Renewable Energy Group Inc through an all-cash deal that was announced at the end of February 2022. Image Source: Renewable Energy Group Inc – October 2020 IR Presentation. 

On February 28, Chevron Corp announced it would acquire Renewable Energy Group Inc through an all-cash transaction. The energy giant is paying $61.50 per share in cash for each share of the renewable fuel producer through a deal with a total enterprise value of $2.75 billion when including Renewable Energy Group’s $0.4 billion net cash position. During the second half of 2022, the transaction is expected to close. We continue to like outsized exposure to Chevron in the simulated newsletter portfolios.

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