Chevron completes Noble Energy acquisition

Source: press release, 5 October 2020

photo: Chevron
photo: Chevron

Chevron Corporation has announced that its acquisition of Noble Energy, Inc. has been completed following approval by Noble Energy shareholders.

“We are pleased to welcome Noble Energy’s employees and shareholders to Chevron. Noble’s high-quality assets complement Chevron’s advantaged upstream portfolio, and the combination is expected to deliver strong financial benefits,” says Chevron Chairman and CEO Michael Wirth.

“With an industry-leading balance sheet and a track record of capital discipline, we believe we’re in a different place than others and can protect the dividend while driving long-term value,” Wirth adds.