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Chevron Completes $13 Billion Takeover of Noble Energy
Chevron Corp. completed its acquisition of Houston-based independent E&P company Noble Energy Inc. on Oct. 5, marking the close of the first big energy deal since the coronavirus-driven oil market crash. The San Ramon, Calif.-based oil major agreed to the all-stock deal in July that valued Noble Energy at around $5 billion.
Chevron will buy Noble Energy for $5 billion - CNN
Chevron announced Monday it would acquire Noble Energy (NBL) for $5 billion. It’s the biggest energy deal since the Covid-19 pandemic decimated the oil industry. Noble shareholders will receive...
Chevron announces agreement to acquire noble energy
chevron announces agreement to acquire noble energy. Brings high quality assets to Chevron’s global portfolio. Proved reserves to be acquired for under $5 per oil equivalent barrel. Delivers $300 million in anticipated annual pre-tax synergies. Accretive to ROCE, free cash flow and earnings.
Noble energy is now Chevron — Chevron
The acquisition of Noble Energy provides Chevron with low-cost, proved reserves and attractive undeveloped resources that will enhance an already advantaged upstream portfolio. Noble Energy brings low-capital, cash-generating offshore assets in Israel, strengthening Chevron’s position in the Eastern Mediterranean.
Chevron Completes Acquisition of Noble Energy
SAN RAMON, Calif., October 5, 2020 — Chevron Corporation (NYSE: CVX) announced today that its acquisition of Noble Energy, Inc. (NASDAQ: NBL) has been completed following approval by Noble Energy shareholders. “We are pleased to welcome Noble Energy’s employees and shareholders to Chevron.
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