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US Chevron to acquire Noble Energy for $5 billion

by ChemOrbis Editorial Team - content@chemorbis.com
  • 21/07/2020 (10:06)
According to a press release, US oil giant Chevron Corporation has entered into a definitive agreement with Denver-based Noble Energy to acquire all of its stocks for $5 billion.

Through the deal, Chevron will enhance its portfolio in US shale gas while it will be the first oil major to engage in Israel. The company also expects to strengthen its footprint in West Africa, the statement added.

The transaction has been approved by the Boards of Directors of both companies and is expected to close in the fourth quarter of 2020.
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