The deal, the largest in the U.S. energy sector this year, comes more than a year after Chevron abandoned its offer for Anadarko Petroleum Corp, outmaneuvered by Occidental Petroleum Corp’s higher bid. “Chevron (is) taking advantage of its strong relative performance versus the U.S. exploration and production companies and capitalizing on the downturn to buy into some high quality assets,” said Anish Kapadia, head of London-based independent oil and mining advisory Palissy Advisors. The deal will also give Chevron access to Noble’s flagship Leviathan field, the largest natural gas field in the Eastern Mediterranean, which began producing natural gas late last year.
