Tag Archives: Nobel Energy

In the first big deal since oil prices crashed four months ago, Chevron agreed to buy Noble Energy for roughly $US5 billion ($7 billion) in what many experts consider the beginning of a sweeping consolidation in the US oil industry. The coronavirus pandemic caused a sharp decline in oil demand, …

Oil major Chevron has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share. Based on Chevron’s closing price on 17 July 2020 and under the terms of the agreement, …