Chevron acquires Noble Energy for 4.2 billion in all stock deal

Oct 2 (Reuters) – Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron , boosting Chevron’s U.S. shale oil holdings and adding international natural gas reserves close to growing markets.

The all-stock deal values Noble Energy at around $4.2 billion, excluding $8 billion in debt, and the vote cements the first big energy deal since the coronavirus crushed global fuel demand.

(Reporting by Jennifer Hiller, Editing by Franklin Paul)