In this news, we discuss the Noble Energy shareholders approve $4.2 billion sale to Chevron.
(Reuters) – Shareholders of Noble Energy NBL.O on Friday approved an agreement to sell the oil and gas producer to ChevronCVX.N, increasing U.S. holdings of Chevron’s shale oil and adding international natural gas reserves to proximity to growing markets.
The all-stock deal values Noble Energy at around $ 4.2 billion, excluding $ 8 billion in debt, and the vote cements the first big energy deal since the coronavirus crushed global demand for fuel.
Reporting by Jennifer Hiller, editing by Franklin Paul
Original © Thomson Reuters
Originally posted 2020-10-03 00:56:08.