Chevron’s Patience Pays Off with Bargain Deal for Noble Energy -
"Like Anadarko, Noble is also a major player in the oil-rich DJ Basin of Colorado, as well as the oil-rich southwestern piece of the Eagle Ford Shale region."
Why this is important: At the time that Occidental Petroleum and Chevron were battling over Anadarko in 2019, Noble’s stock was selling just under 3 times its current level, so offering a similar premium to Noble’s shareholders last spring would have likely cost Chevron +/- $10 billion more than last week's strike price....
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