Nigeria's leading finance and market intelligence news report.

Chevron to buy US energy group Noble in $13bn deal

Tie-up expected to trigger a string of deals prompted by oil price crash

Chevron has agreed to buy Noble Energy for $13bn including debt in the oil and gas industry’s first big deal since geopolitical tensions and the global pandemic sparked this year’s crude prices collapse. Under the terms of the all-share tie-up, which values the independent oil and gas producer’s equity at $5bn, investors will receive 0.1191…

Join the BusinessDay Inner Circle to read exclusives and gain insights for N1000/month

Whatsapp mobile

Get real time updates directly on you device, subscribe now.

Comments are closed.