Monday, December 30, 2024

Oxy-Anadarko Saga Accelerates

“We remain perplexed at your apparent resistance to obtaining far more value for Anadarko shareholders” – Oxy CEO Hollub On earnings call, Hollub calls Anadarko “a generational opportunity” By Richard Rostad, analyst, Oil & Gas 360 Occidental Petroleum (stock ticker: OXY; $OXY) is going to great lengths to ensure it beats Chevron (ticker: CVX) in the bidding contest for Anadarko

Chevron

What Chevron Stands to Lose If Occidental Wins Bidding War for Anadarko

From CNBC Chevron’s leaders insist the company’s fortunes don’t rely on dealmaking, but the oil major nevertheless has much to lose if it does not prevail in an ongoing battle with Occidental Petroleum to take control of Anadarko Petroleum. Since Occidental first revealed its challenge to Chevron’s $33 billion agreement to buy Anadarko, analysts have largely seen Chevron as the likely victor. The prize includes acreage