Chevron Corp. has agreed to a deal to buy Noble Energy Inc. for about $5 billion, in what would be the largest oil-patch tie-up since the coronavirus pandemic delivered a shock to the industry.
The all-stock takeover values Noble at $10.38 a share or 0.1191 Chevron share. Chevron said Monday that would represent a roughly 7.6% premium over Noble’s Friday closing price of $9.65 and nearly 12% based on a 10-day average. Including Noble’s hefty debt load, the deal would be valued at roughly $13 billion.
Equity holder 1976 old Texaco
Best interest equity holders vote against...
Monitor my dad's savings his equity stake Chevron.. Goes to proxy vote against ….
Embezzling
Ftaud enabled
What`s the matter ? Wall Street Journal couldn`t find a picture of a Noble drilling rig ? That`s a heavy lift crane ship from Heerema
i thought the dems closed the oil companies down..
what about Cabinda Gulf Oil in Angola ?
It will be interesting to watch the price action of both $NE and $NBL, as the latter is the target. There are 2 very different energy sector companies named “Noble”. Investors should be cautious in trades.
Well that's an unfortunate decision. They could have put $5B into renewables research and batteries. Now they'll be looking for a bailout in a few years.
They need to stop drilling in the Ocean because of all of the pollution in the Ocean such as accidental spilling of oil, fuel, dumping of trash, dumping chemicals, etc.... How can sea life be protected if we keep destroying their environment? Save the Ocean my people!!!!
Big whoop