Chevron Closes Acquisition Of Noble Energy

(Energy Analytics Institute, 5.Oct.2020) — San Ramon-California based Chevron Corporation reported 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,” Chevron Chairman and CEO Michael Wirth said 5 October 2020 in an official company statement.

RELATED STORY: Chevron Announces Agreement to Acquire Noble Energy

“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 said.

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By Jared Yamin. © Energy Analytics Institute (EAI). All Rights Reserved.