Chevron Corp. said Monday that it has completed its acquisition of Noble Energy Inc. after Noble’s shareholders approved the transaction last week.

Chevron in July clinched a definitive agreement in an all-stock transaction worth $5 billion that carried a total enterprise value, including debt, of $13 billion. The transaction, which at the time valued Noble at $10.38/share, is designed as trading 0.1191 Chevron shares for each Noble share. 

Chevron CEO Michael Wirth said Monday that “Noble’s high-quality assets complement Chevron’s advantaged upstream portfolio, and the combination is expected to deliver strong financial benefits.”

Noble CEO David Stover said shareholder approval on Friday marked “an important milestone on the path to becoming part of an even stronger...