21 Sep 2020

Chevron CEO Michael Wirth on Why Noble Energy Deal is Good for Shareholders

21 Sep 2020  by CNBC Television   

Chevron will buy Noble Energy in a $5 billion stock-swap deal, valuing Noble at 7.6 percent above its Friday close. It is the largest oil patch takeover deal since the pandemic hit. Chevron CEO Michael Wirth joins "Squawk on the Street" to discuss why the company decided to make the deal and what it means for shareholders.

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