Chevron’s $13 billion acquisition of Noble Energy has been interpreted as a long-term punt for a natural gas future.
Adrian Lara, senior 0il & gas analyst at data and analytics company GlobalData, said of the transaction: “Since the crash of oil price and demand in March 2020, there has been an increasing expectation for mergers and acquisition (M&A) activity to show existing opportunities despite the depressed economic cycle.
Rich pickings
“Chevron’s US$13bn acquisition of...