Chevron agrees to buy Noble Energy for $5bn
‘Getting bigger isn’t necessarily the goal; getting better certainly is important,’ says Chevron CEO Michael Wirth
20 July 2020 - 17:32
New York — Chevron has agreed to buy Noble Energy for about $5bn in shares as the oil giant looks to beef up amid the wreckage of the worst-ever crude oil price crash.
The takeover is the industry’s first major deal since the coronavirus triggered a severe slump and the largest since Occidental Petroleum outbid Chevron to acquire Anadarko Petroleum for $37bn in 2019...
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