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NBL - Chevron-Noble And The Implications For Upstream Mergers And Acquisition
Noble Energy Inc - Ordinary Shares
The recent announcement of a $5 billion all-stock deal between Chevron (CVX) and Noble Energy (NBL) has some industry players wondering if this is the signal of what's ahead for the upstream M&A market. Our experts recently discuss on an episode of the EnergyCents podcast. Here's an excerpt of their conversation:
Breanne Dougherty:
Let's be honest. It's a pretty interesting deal and a different year. How drastically different indeed, right? So, Chevron with this, back on the Anadarko deal, was placing about a 39% premium on those Anadarko shares, and that was just 15