Noble Energy shareholders approve $4.2 billion sale to Chevron
- 2nd October 2020
- Posted by: Hakeem
- Category: Business plans, Energy
(Reuters) – Noble Energy NBL.O shareholders on Friday approved a deal to sell the oil and gas producer to ChevronCVX.N , boosting Chevron’s U.S. shale oil holdings and adding international natural gas reserves close 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 fuel demand.