Chevron Corp said in February that it had offered to buy Noble Midstream Partners LP in a deal valuing the company at $1.13 billion, months after the U.S. oil major bought the pipeline operator's sponsor, Noble Energy. Chevron closed a $4.1 billion, all-stock purchase of smaller rival Noble Energy in October, gaining a majority stake in Noble Midstream alongside large shale and international natural gas reserves. Now Noble Midstream's largest customer, Chevron said taking full ownership of the assets will help it streamline their governance and is in line with the producer's long-term interests.
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