PDC Energy, Inc.- Halper Sadeh

PDC Energy, Inc.

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PDCE STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE SALE OF PDC ENERGY, INC. IS FAIR TO SHAREHOLDERS

May 22, 2023.

New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of PDC Energy, Inc. (NASDAQ: PDCE) to Chevron Corporation for 0.4638 shares of Chevron for each PDC share is fair to PDC shareholders.

The investigation concerns whether PDC and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for PDC shareholders; (2) determine whether Chevron is underpaying for PDC; and (3) disclose all material information necessary for PDC shareholders to adequately assess and value the merger consideration. On behalf of PDC shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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I currently hold, and will continue to hold, at least one share of PDC Energy, Inc. while the matter, if any, is pending.*

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Signed pursuant to California Civil Code Section 1633.1, et seq., and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

Date of signing: June 04, 2023

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