Noble Energy shareholders approve $4.1 billion sale to Chevron
Topics: NOBLE ENERGY CHEVRON
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. ■