Three months after announcing its intention to buy Nobel Energy, US petrol and gas conglomerate Chevron said Oct. 5 it has completed the acquisition process. The news came after Chevron’s stakeholders approved the $4.1 billion deal. With the purchase, Chevron now owns major stakes in Israel’s offshore natural gas fields Tamar and Leviathan.
“We are pleased to welcome Noble Energy’s employees and shareholders to Chevron. Noble’s high-quality assets complement Chevron’s advantaged upstream portfolio, and the combination is expected to deliver strong financial benefits,” Chevron CEO Michael Wirth said.
