Chevron buys Noble Energy for $5 billion Chevron buys Noble shares at a price of $10.38 per paper and pays with its shares at a price of 0.1191 Chevron shares per Noble share. Taking into account Noble's debt, the value of the deal is $13 billion. The acquisition of Noble will expand Chevron's presence in Colorado, West Texas and New Mexico, as well as assets in the Eastern Mediterranean and West Africa. The deal is expected to be closed in Q4 2020.