The proposed $5 billion deal would boost Chevron’s U.S. shale oil holdings and give it vast natural gas holdings off the coast of Israel. Noble (NYSE:NE) originally went looking for a partner to help finance its Leviathan gas project.
The purchase still faces a vote by Noble (O:NBL) shareholders, who are expected to approve it. Chevron shares on Tuesday were off six cents apiece at $89.67 while Noble’s lost four cents at $10.65. The proxy filing came after 4 p.m.