Occidental Petroleum to Buy Anadarko Petroleum

摘要

US-based oil and gas development firm Occidental Petroleum’s acquisition of Anadarko Petroleum has beendecided. Chevron, which had offered acquisition of Anadarko earlier than Occidental and reached an agreement, on 9thlocal time announced the cancellation of the deal, and Occidental and Anadarko on the same day signed a bindingacquisition deal.Following Occidental’s higher acquisition offer, attention had been focused on whether Chevron would makefurther offers. Chevron will receive US$1 billion termination fee in cash.