Houston-based Occidental Petroleum Corp. late Thursday snagged a definitive agreement to acquire Anadarko Petroleum Corp., ending a month-long saga that led Chevron Corp. with withdraw.
Tag / Occidental
SubscribeOccidental
Articles from Occidental
NGI The Weekly Gas Market Report
Oxy Apparent Winner in Anadarko War as Chevron Surrenders
Chevron Corp. said Thursday it would not make a counterproposal to a substantial offer to acquire Anadarko Petroleum Corp., which would appear to give Occidental Petroleum Corp. a global oil and natural gas prize.
Chevron Cedes to Oxy, Ends Tug-of-War for Anadarko
Occidental Petroleum Corp. (Oxy) appeared willing to pay a substantial premium to acquire Anadarko Petroleum Corp. and its vast holdings in the Permian Basin, at least more than Chevron Corp. was willing to, after the supermajor withdrew from the bidding war Thursday.
Anadarko Agrees to Oxy Offer, with Onus on Chevron to Ante Up
Anadarko Petroleum Corp.’s board is awaiting a decision by Chevron Corp. to boost the terms of its takeover offer after indicating late Monday that it may agree to take the increased bid by Occidental Petroleum Corp. (Oxy).
Anadarko Resuming Merger Negotiations with Oxy
Anadarko Petroleum Corp. said Monday it is going back to the table to discuss a mega-merger with Occidental Petroleum Corp. (Oxy), even though it has a definitive agreement with Chevron Corp. that includes a $1 billion breakup fee.
NGI The Weekly Gas Market Report
Oxy Ups Ante for Anadarko with 20% Premium to Chevron’s Offer
Houston-based Occidental Petroleum Corp. (Oxy) on Wednesday took Chevron Corp. to the mat for Anadarko Petroleum Corp. with a cash-and-stock offer estimated to be a 20% premium to the supermajor’s bid earlier this month.
Oxy’s ‘Friendly’ Anadarko Bid Centered Around Permian, Shale Value
Houston-based Occidental Petroleum Corp.’s (Oxy) $57 billion counter bid to acquire Anadarko Petroleum Corp. out from under Chevron Corp., which CEO Vicki Hollub said remained a friendly, not hostile offer, is based on the value of its Lower 48 properties, particularly the Permian Basin.
Chevron, Oxy Invest in Unique Carbon Capture Technology
Chevron Corp. and Occidental Petroleum Corp. (Oxy) are tackling carbon emissions head on, with a joint equity investment in Canada-based Carbon Engineering Ltd. (CE).
Oxy Execs Tout Permian Efficiencies with Record Wells
Houston-based Occidental Petroleum Corp. (Oxy) executives on Tuesday reported continued operating efficiencies and well production improvements throughout its aggressive development in the Permian Basin.
Oxy, White Energy Assessing Two West Texas CO2 Projects
Occidental Petroleum Corp. (Oxy) and White Energy are evaluating the economic feasibility of a carbon capture project in West Texas that could help Oxy produce more Permian Basin oil.