Chevron acquires Noble Energy in $5bn deal

US energy giant Chevron Corporation has entered into a definitive agreement to acquire Noble Energy in an all-stock transaction valued at $5bn. Chevron says the acquisition provides it with low-cost, proved reserves and attractive undeveloped resources as well as low-capital, cash-generating offshore assets in Israel. It will also generate cost synergies of around $300m. Michael Wirth, chairman and CEO of …

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