Chevron closes $5B acquisition of Noble Energy

SAN RAMON, California and HOUSTON — Oil giant Chevron Corp. (NYSE: CVX) has closed on its takeover of Noble Energy Inc., giving it control over the second-largest oil and gas operator in Weld County.

Chevron also named Hodge Walker, Noble’s former senior vice president for U.S. onshore operations, as the new head of Chevron’s operations in the Rockies.

The deal, first announced in late July, amounted to $10.38 per share and just under $5 per barrel of Noble’s proven reserves among mineral rights it controls, which includes its assets in Weld County. Noble…