On March 5, 2021, Chevron Corporation and Noble Midstream Partners, LP announced that they have entered into a definitive agreement for Chevron Corporation to acquire all (33.925 million) of the publicly held common units representing the limited partner interests in the Company, not already owned by Chevron Corporation and its affiliates, in an all-stock transaction whereby each outstanding unitholder of the Company receive 0.1393 of a share of common stock of Chevron in exchange for each Common Unit owned.