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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Chevron Corporation | NYSE:CVX | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.61 | 0.37% | 165.89 | 166.98 | 163.30 | 165.31 | 9,722,943 | 00:59:10 |
From Apr 2019 to Apr 2024
By Dave Sebastian
Noble Energy Inc. shares rose about 9.8% in premarket trading Monday after Chevron Corp. said it plans to buy Noble for about $5 billion.
The combination would be the largest oil-patch tie-up since the Covid-19 pandemic delivered a shock to the industry. The deal was first reported by The Wall Street Journal.
The all-stock takeover values Noble at $10.38 a share or 0.1191 Chevron share. The deal would represent a roughly 7.6% premium over Noble's closing price of $9.65 on Friday. Including Noble's debt load, the deal would be valued at about $13 billion.
Chevron shares were down about 1.3% in premarket trading.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
July 20, 2020 06:50 ET (10:50 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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