Chevron $1.24 Billion Deal Leads YPF Post-Repsol Shale Hunt

Chevron $1.24 Billion Deal Leads YPF Post-Repsol Shale Hunt

David Paul Morris/Bloomberg

The contract to develop the world's second-largest shale gas deposit and fourth-largest shale oil reservoir finalizes terms for Chevron Corp.'s initial $1.24 billion investment, which may reach as much as $15 billion.