Reportedly, Shareholders of Noble Energy have agreed to sell the oil and gas producer to Chevron Corp (CVX), placing Chevron at the 2nd spot as the U.S. shale oil producer behind EOG Resources and marks the first big energy deal since the coronavirus reduced global fuel demand. The deal valued at around $4.2 B, has come in much cheaper for Chevron than its earlier announcement in July for a value of $5 billion. The transaction is expected to close early this quarter, also secures Chevron with international natural gas reserves close to growing markets.
Dow 30 component Chevron Corporation (CVX), through its subsidiaries, engages in integrated energy, chemicals, and petroleum operations worldwide. To learn more about Chevron (CVX) and to track their progress please visit the Vista Partners Chevron Page.
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