Occidental offers $57 billion for Anadarko, topping Chevron

Occidental offers $57 billion for Anadarko, topping Chevron

Oil and gas producer Occidental Petroleum sought to scuttle Chevron’s takeover of Anadarko Petroleum on Wednesday with a $57 billion bid. The surprise $76-per-share proposal comes after Occidental repeatedly said in recent weeks that it had been trying to woo Anadarko in an effort to become the largest producer of oil in west Texas’s Permian basin.

Timothy
Timothy
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