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“Chevron picks Noble in biggest U.S. energy deal since the oil crash”

Chevron said on Monday it would buy Noble Energy in a $5 billion all-stock deal, bolstering its shale presence as a plunge in crude prices have made assets cheaper.

The deal, the largest in the U.S. energy sector this year, comes more than a year after Chevron abandoned its offer for Anadarko Petroleum, outmaneuvered by Occidental Petroleum’s higher bid. Oil prices plunged to historic lows in April…”

https://www.cnbc.com/2020/07/20/chevron-to-buy-noble-energy-in-a-5-billion-deal.html

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