The leading energy firm Chevron Corporation has entered into a definitive agreement with Noble Energy, Inc. to acquire all of the outstanding shares of Noble for approximately $5 billion. Noble Energy brings low-capital, cash-generating offshore assets in Israel after completion of transaction.
- The total enterprise value, including debt, of the transaction is $13 billion
- The acquisition of Noble Energy provides Chevron with low-cost, proved reserves and attractive undeveloped resources that will enhance an already advantaged upstream portfolio.
In June 2020, Chevron Australia Downstream Pty Ltd., a wholly-owned subsidiary of Chevron Corporation, announced that it has completed the acquisition from Puma Energy Asia Pacific B.V. of all shares and equity interests of Puma Energy (Australia) Holdings Pty Ltd. The acquisition adds a network of more than 360 company-owned and retailer-owned service stations, a commercial and industrial fuels business, owned or leased seaboard import terminals and fuel distribution depots to Chevrons Australian portfolio.
In December 2019, Chevron Corporation announced that it had sanctioned the Anchor project in the U.S. Gulf of Mexico. This marks the industrys first deepwater high-pressure development to achieve a final investment decision. Delivery of the new technology, which is capable of handling pressures of 20,000 psi, also enables access to other high-pressure resource opportunities across the Gulf of Mexico for Chevron and the industry.
Chevron Corporation, headquartered in San Ramon, the USA, is one of the worlds leading integrated energy companies. The company explores, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives.