Sunday, July 19, 2026
Chevron's $5 billion deal for Noble ends deal drought, sets price benchmark- oil and gas 360

Chevron’s $5 billion deal for Noble ends deal drought, sets price benchmark

Reuters Chevron Corp’s surprise $5 billion all-stock deal for oil producer Noble Energy should spell the end of this year’s deal drought, setting a price benchmark that will trigger more buys, according to mergers and acquisition bankers, lawyers and analysts. The COVID-19 pandemic destroyed fuel demand and left dozens of energy companies without the prospect of drilling their way out