Shearman And Sterling

News July 20, 2020

Chevron’s Agreement to Acquire Noble Energy

Shearman & Sterling advised Chevron Corp. (NYSE: CVX) on the antitrust matters related to its agreement to acquire all of the outstanding shares of Noble Energy Inc. (NASDAQ: NBL) in an all-stock transaction valued at $5 billion. The total enterprise value of the deal, including debt, is $13 billion.

The transaction will help enhance Chevron’s geographic diversity, increase capital flexibility and improve the company’s ability to generate strong cash flow.

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