Anadarko confirms Occidental's $57 billion bid

Malaysia News News

Anadarko confirms Occidental's $57 billion bid
Malaysia Latest News,Malaysia Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Oil and gas producer Anadarko Petroleum Corp on Wednesday confirmed Occidental P...

FILE PHOTO: The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni

- Oil and gas producer Anadarko Petroleum Corp on Wednesday confirmed Occidental Petroleum Corp’s $57 billion offer for the company that topped Chevron Corp’s $50 billion bid and said it would carefully review the offer. Occidental’s surprise $76-per-share proposal comes after the company had 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, where production has boomed in recent years.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Occidental offers to buy Anadarko in $57 billion deal, topping ChevronOccidental offers to buy Anadarko in $57 billion deal, topping ChevronOil and gas producer Occidental Petroleum Corp sought to scuttle Chevron Corp&0...
Read more »

Occidental offers $57 billion for Anadarko, topping ChevronOccidental offers $57 billion for Anadarko, topping ChevronOil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion b...
Read more »

Occidental offers $38 billion for Anadarko, topping ChevronOccidental offers $38 billion for Anadarko, topping ChevronOil and gas producer Occidental Petroleum Corp on Wednesday started the first ta...
Read more »

Chevron may have to sweeten offer for Anadarko after rival Occidental bidChevron may have to sweeten offer for Anadarko after rival Occidental bidMost analysts see Chevron ultimately winning the fight for Anadarko, but several say the oil major will have to pay up for the prize.
Read more »

Occidental CEO explains why she will prevail in bidding war for sought-after oil driller AnadarkoOccidental CEO explains why she will prevail in bidding war for sought-after oil driller AnadarkoOccidental Petroleum CEO Vicki Hollub says her company can squeeze the best results out of Anadarko Petroleum's wells in the top U.S. shale basin.
Read more »

Occidental Petroleum Bids for AnadarkoOccidental Petroleum Bids for AnadarkoOccidental Petroleum offered to purchase Anadarko Petroleum in a deal it values at $57 billion, more than Chevron’s bid for the oil company.
Read more »

Occidental sweeps in with higher bid for Anadarko than Chevron is offeringOccidental sweeps in with higher bid for Anadarko than Chevron is offeringOccidental Petroleum Corp. offered to buy Anadarko Petroleum Corp. for $76 a share in cash and stock, topping the current offer for the company from Chevron...
Read more »

Occidental Petroleum bids $76 a share for Anadarko, trumping Chevron offerOccidental Petroleum bids $76 a share for Anadarko, trumping Chevron offerA bidding war broke out in the energy patch on Wednesday.
Read more »

Occidental gives Anadarko an ill-judged bear hugOccidental gives Anadarko an ill-judged bear hugIts $38 bln cash-and-stock offer trumps bigger rival Chevron’s bid for the U.S. oil producer, is a two-thirds premium and in theory helps both sides. Yet Occidental’s shares are less attractive and its debt would jump. Chevron only need sweeten its offer a bit to regain its edge.
Read more »

Anadarko Boosted CEO’s Payout Just Before $33 Billion Chevron MergerAnadarko Boosted CEO’s Payout Just Before $33 Billion Chevron MergerAnadarko Petroleum, a day before announcing its sale for $33 billion, sweetened the payout its top executives can reap in the event of a deal by millions of dollars, according to a compensation firm’s analysis.
Read more »

Cramer: Chevron's Anadarko merger won't be the only oil deal this yearCramer: Chevron's Anadarko merger won't be the only oil deal this yearJim Cramer explains why more mergers in the energy and oil space could be in the works.
Read more »



Render Time: 2025-02-25 10:50:44