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Chevron Announces Agreement to Acquire Noble Energy

Chevron Announces Agreement to Acquire Noble Energy Background Decorative Image

Vinson & Elkins advised Noble Energy, Inc. in a definitive agreement with Chevron Corporation under which Chevron will acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share. Based on Chevron’s closing price on July 17, 2020 and under the terms of the agreement, Noble Energy shareholders will receive 0.1191 shares of Chevron for each Noble Energy share. The total enterprise value, including debt, of the transaction is $13 billion.

The V&E corporate team was led by partners Steve Gill and Doug McWilliams with assistance from partner Lande Spottswood and associates David Bumgardner, Michael Pascual, Houston Morgan, Josh Blankenship and Ben Sandlin. Also advising were partners Lina Dimachkieh and Todd Way and associates Christine Mainguy and Dan Henderson; partner David D’Alessandro and counsel Dario Mendoza and Julia Petty; partner Tom Wilson and counsel Chris Bacon; partner Fry Wernick and senior associate Brian Howard; senior associate Jessica Lewis and associates Andrianna Frinzi and Billy Vranish; partner Hill Wellford and counsel David Smith; partner Bryan Loocke, senior associate Joclynn Townsend and associate Cesar Leyva; partner Matt Dobbins and senior associate Jennifer Cornejo; and partner Michael Holmes.

About Vinson & Elkins
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