Chevron to buy US energy group Noble in $13bn deal

FINANCIAL TIMES 🔒| Chevron has agreed to buy Noble Energy for $13bn including debt in the oil and gas industry’s first big deal since geopolitical tensions and the global pandemic sparked this year’s crude price collapse.

Under the terms of the all-share tie-up, which values the independent oil and gas producer’s equity at $5bn, investors will receive 0.1191 shares in the supermajor for each one they hold in its smaller US rival.

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