Chevron acquires Noble Energy for $5 billion

Israeli Gas, Source Noble Energy

International energy giant Chevron is acquiring Noble Energy for $ 5 billion. The American company Noble was a partner of Delek Drilling in finding all the gas reserves off the coast of Israel.

Energy Minister Yuval Steinitz welcomed the move: “It is a tremendous expression of confidence in the Israeli energy economy.” The transaction price is 8% higher than the price of Noble Energy on Wall Street.

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