YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Occidental Petroleum outbids Chevron for Anadarko

Posted online

Occidental Petroleum is offering nearly $40 billion to purchase Anadarko Petroleum in a cash-and-stock deal.

The offer trumps Chevron's $33 billion proposal for Anadarko.

"We have been focused on Anadarko for several years because we have long believed that we are ideally positioned to generate compelling value from a combination with them," Occidental CEO Vicki Hollub said. "We look forward to engaging immediately with Anadarko's board and stakeholders to deliver this superior transaction."

Read more from Chron.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Branson approves funding for new police headquarters

Officials expect $16M project to conclude by end of 2025.

Most Read
Update cookies preferences