{"id":363857,"date":"2020-07-21T10:01:45","date_gmt":"2020-07-21T04:31:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=363857"},"modified":"2020-07-21T10:21:11","modified_gmt":"2020-07-21T04:51:11","slug":"oil-major-chevron-to-buy-noble-energy-in-5-billion-all-stock-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-major-chevron-to-buy-noble-energy-in-5-billion-all-stock-deal\/","title":{"rendered":"Oil major Chevron to buy Noble Energy in $5 billion all-stock deal"},"content":{"rendered":"<p>Oil major Chevron Corp said on Monday it agreed to buy Noble Energy Inc in an all-stock deal, valuing the Houston-based oil and gas producer at $5 billion. <\/p>\n<p>The offer values Noble at $10.38 a share or 0.1191 Chevron share, a 7.5% premium to Noble&#8217;s Friday close. The deal would value Noble at roughly $13 billion, including debt. <\/p>\n<p>Noble&#8217;s assets will expand Chevron&#8217;s presence in the DJ Basin of Colorado and the Permian Basin across West Texas and New Mexico. They would also add to Chevron&#8217;s assets in the eastern Mediterranean and West Africa and yield potential annual cost savings of $300 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil major Chevron Corp said on Monday it agreed to buy Noble Energy Inc in an all-stock deal, valuing the Houston-based oil and gas producer at $5 billion. The offer values Noble at $10.38 a share or 0.1191 Chevron share, a 7.5% premium to Noble&#8217;s Friday close. The deal would value Noble at roughly $13 billion, including debt. Noble&#8217;s assets will expand Chevron&#8217;s presence in the DJ Basin of Colorado and the Permian Basin across West Texas and New Mexico. They would also add to Chevron&#8217;s assets in the eastern Mediterranean and West Africa and yield potential annual cost savings [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-363857","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=363857"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/363857\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=363857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=363857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=363857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}