Noble Energy shareholders likely to approve $4.2bln Chevron deal

Noble Energy shareholders likely to approve $4.2bln Chevron deal

Noble Energy shareholders likely to approve $4.2bln Chevron deal The all-stock deal values Noble at about $4.2bln    Cypriot President Demetris Christofias visits the offshore Homer Ferrington gas drilling rig operated by Noble Energy in the east Mediterranean, Nicosia November 21, 2011. REUTERS/Cyprus Public Information Office/Handout HOUSTON- Noble Energy Inc shareholders on Friday are expected to approve its sale to Chevron for about $4.2 billion in stock, cementing the first big energy deal since the coronavirus crushed global fuel demand.The purchase would boost Chevron's U.S. shale oil holdings and add nearly 1 billion cubic feet of natural gas reserves close to growing markets. Noble's Leviathan, one of the world's biggest offshore gas discoveries of the last decade, began pumping gas from the field late last year.Proxy advisers Institutional Shareholder Services