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Chevron Offers to Buy Out Noble Midstream Partners

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   |    Friday,February 05,2021

Chevron Corp. has submitted a non-binding proposal to acquire all of the publicly held common units representing limited partner interests in Noble Midstream Partners (not already owned by Chevron and its affiliates).

Chevron is proposing to acquire the Common Units through a merger transaction in exchange for shares of common stock of Chevron, at a value of $12.47 per Common Unit (based on the most recent closing price of NBLX Common Units as of February 4, 2021).

Noble Midstream's assets are concentrated in the Permian and DJ basins, where Chevron holds assets.

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