Chevron Completes Acquisition Of Noble Energy

Chevron Completes Acquisition Of Noble Energy

Business Monday, 12 October, 2020

Chevron Corporation announced yesterday 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,” said 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.”

Clay Neff, President, Chevron Middle East, Africa, South America Region stated: “We are very excited about the potential opportunities the merger between Chevron and Noble Energy creates for our company and for the people of Cyprus. We aim to be a strategic partner in the countries where we are present, bringing our environmental, technical, and operational knowledge as well as global best practices. We also seek to always contribute to the wellbeing of communities. Chevron is pleased to partner with the Republic of Cyprus, and we look forward to supporting the country’s strategy to develop its energy resources for the benefit of the nation.”

Source: Gold News


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