Noble Midstream Partners has accepted Chevron's offer to acquire it. Holders of stakes in the partnership will receive 0.1393 shares of Chevron stock for each of their shares. The purchase of the partnership will simplify Chevron's asset management structure and optimize production in the Permian Basin. The deal is expected to be closed in Q2 2021.
Noble Midstream Partners has accepted Chevron's offer to acquire it. Holders of stakes in the partnership will receive 0.1393 shares of Chevron stock for each of their shares. The purchase of the partnership will simplify Chevron's asset management structure and optimize production in the Permian Basin. The deal is expected to be closed in Q2 2021. 
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