EnergyCents- Ep 3: Chevron-Noble, and the implications for Upstream M&A
EnergyCents · S&P Global Commodity Insights
July 24, 202033m 14s
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Chevron agreed on July 20, 2020, to acquire Noble Energy for $5 billion, or $10.38 per share. The announcement comes a bit more than a year after Chevron's unsuccessful bid for Anadarko Petroleum, and will increase Chevron's upstream presence in Global Gas and North America unconventionals. We discuss with IHS Markit experts the deal's implications for the sector, and whether it signals a resurgence in Upstream M&A going forward.