Noble Energy shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp , making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets.
, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets.
The addition of Noble will boost Chevron’s U.S. shale oil holdings, making it the No. 2 producer behind EOG Resources, according to data from Rystad Energy. It also adds nearly 1 billion cubic feet of natural gas reserves close to growing markets. Noble’s Leviathan in Israeli waters, one of the world’s biggest offshore gas discoveries of the last decade, began pumping gas from the field late last year.
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