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Noble Energy shareholders approve $4.1 billion sale to Chevron

Christian Fernsby |
Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron.

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The all stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt.

The addition of Noble will boost Chevron’s U.S. shale oil holdings, making it the No. 2 producer behind EOG Resources, according to data from Rystad Energy. It also adds nearly 1 billion cubic feet of natural gas reserves.

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