Chevron completed the acquisition of Noble Energy after its shareholders approved the transaction.

Noble Energy shareholders approved the merger with Chevron. They will receive 0.1191 shares of Chevron for each of their shares, they will own about 3% of the share capital of the combined company. The deal will allow Chevron to increase its shale oil reserves by nearly 20 percent, making it the No. 2 producer after EOG Resources.

Noble Energy's loss under GAAP for 6 months of 2020 was $4.494 billion, up 16-fold from $0.281 billion the previous year. Revenues decreased by 25.8% to $1.591bn from $2.145bn the year before.

The Noble Energy Board of Directors announced a quarterly dividend of $0.02 per share. The last day to buy securities to receive the dividend is August 6, 2020. The annual dividend yield may reach 0.76%.