Anadarko

Americas

Occidental’s Anadarko bid is ‘very bad idea’

Occidental Petroleum Corp.’s rival takeover offer for Anadarko Petroleum Corp. drew critical initial reviews from some analysts, including Mizuho Securities USA LLC’s Paul Sankey, who said major investors have told him they won’t support the bid.

Americas

Anadarko changed CEO’s potential payout before Chevron deal

Anadarko Petroleum Corp. tweaked terms determining severance payments for senior executives the day before Chevron Corp.’s $33 billion buyout offer was announced, setting up Chief Executive Officer Al Walker to collect millions of dollars of additional compensation if he leaves the company.

Americas

Anadarko bets $1.5bn on shares, debt reduction

Anadarko Petroleum said it is investing an additional $1.5 billion in its share repurchase program and in debt reduction, further satiating the conservative fiscal approach desired by Wall Street since the recent oil bust.

Americas

Oil companies clamping down on methane leaks

Many of the largest oil and gas drillers operating in the US will voluntarily reduce emissions of methane, a potent greenhouse gas, even as the Trump administration takes steps to to roll back existing environmental regulations targeting those emissions.