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Chevron to Acquire Noble Energy – Chevron Corp

Chevron Corp · Jul 20, 2020 · 9 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Chevron to Acquire Noble Energy – Chevron Corp – slide 1
    Chevron to acquire Noble Energy July 20, 2020 2020 Chevron. All rights reserved.
  2. Chevron to Acquire Noble Energy – Chevron Corp – slide 2
    Noble Energy enhances Chevrons performance Expected to be accretive across key financial metrics* High quality assets Earnings per share Low-cost resource Free cash flow per share Attractive synergies ROCE * Projected…
  3. Chevron to Acquire Noble Energy – Chevron Corp – slide 3
    Key transaction terms 100% stock consideration 0.1191 Chevron shares for each share of Noble Energy Total consideration of 10.38 per share, 12% premium based on 10-day average* Target closing in fourth quarter 2020 Subject…
  4. Chevron to Acquire Noble Energy – Chevron Corp – slide 4
    High quality, complementary assets US onshore Permian Basin DJ Basin Other US Contiguous and adjacent Leverages well factory model Eagle Ford 35k net acres in Webb/Dimmit counties 92k net acres 336k net acres 55 mboed in 2019 65…
  5. Chevron to Acquire Noble Energy – Chevron Corp – slide 5
    High quality, complementary assets International Eastern Mediterranean West Africa Long-lived, operated production Regional growth potential Equatorial Guinea Leviathan (39.6% WI) & Tamar (25% WI) 2 exploration blocks in Egypt…
  6. Chevron to Acquire Noble Energy – Chevron Corp – slide 6
    Low cost resource strengthens the global portfolio 2019 year-end proved reserves Noble Energy (billion boe) Midstream Partners 18% increase 15…
  7. Chevron to Acquire Noble Energy – Chevron Corp – slide 7
    Attractive cost synergies and flexible capital Expected run rate synergies1 2020 organic capital budget ( million, before-tax) ( billion) 300 million 25 Attractive synergy potential 20 30% decrease Flexible capital 15…
  8. Chevron to Acquire Noble Energy – Chevron Corp – slide 8
    Transaction aligns with Chevrons value proposition Improved Less Resilient returns risk cash Accretive Low-cost Flexible capital on key financial metrics resource acquisition short cycle projects Competitive Maintain…
  9. Chevron to Acquire Noble Energy – Chevron Corp – slide 9
    questions answers 2020 Chevron 10

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