Occidental Petroleum Corp.’s bombshell investment from Warren Buffett is the culmination of almost two years of on-and-off-again wrangling with Anadarko Petroleum Corp. -- a saga that’s so far seen the company slip through its fingers several times.
Warren Buffett’s intervention in Occidental Petroleum Corp.’s $37 billion unsolicited bid for Anadarko Petroleum Corp. may tip the scales in the oil industry’s biggest bidding war in decades.
Houston's Occidental Petroleum received a $10 billion commitment from one of the world's richest men to help boost its bid to acquire The Woodlands-based Anadarko Petroleum.
Anadarko Petroleum Corp.’s market value has soared 56 percent since a bidding war for the American shale driller kicked off two weeks ago. Yet the company’s directors have managed to step on the toes of almost every player involved.
Chevron’s income narrowed in the first three months of the year despite selling a package of global oil and gas assets.
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.
Occidental Petroleum Corp.’s $38 billion bid for Anadarko Petroleum Corp. is one of the boldest moves in the 99-year history of a company that has never lacked ambition.
Occidental Petroleum Corp. triggered a bidding war for Anadarko Petroleum Corp. after making a $57 billion (£44bn) counter-offer in attempt to break up a proposed takeover by Chevron Corp.
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.
Soon after Robin Olsen left her job in the Denver office of Anadarko Petroleum Corp., she drafted a letter with her lawyer’s help.
Anadarko Petroleum Corp. Chairman and Chief Executive Officer Al Walker may not have a role once his company is purchased by Chevron Corp., but he will have some money.
Chevron has announced plans to buy fellow US oil and gas operator Anadarko Petroleum in a deal worth £38.2bn, the largest upstream takeover since 2015.
Unidentified gunmen attacked an Anadarko Petroleum Corp. liquefied natural gas project in northern Mozambique, the first attack on an energy company since an insurgency by suspected Islamist militants began 16 months ago.
Oil exploration and production firm Anadarko has confirmed that it will remove personnel from two oil platforms and shutdown production as storm Gordon approaches.
The West Texas sun is still hours away from rising, but the line at the First Presbyterian Church in Midland is already forming.
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.
Shell and The Woodlands’ Anadarko Petroleum feuded last year over spending and control of their Permian Basin joint venture in West Texas. Now, they say, they’ve avoided a messy divorce and are primed to grow in the booming oil and gas region.
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.
Oil companies working within the US territory waters in the Gulf of Mexico have pulled employees from oil rigs as another heavy weather front looks to hit the beleaguered area.
Anadarko Petroleum posted a second-quarter net loss on Monday and said it plans to curb capital spending by $300million this year amid a volatile oil market.
Two months after a Colorado home exploded near an Anadarko Petroleum Corp. well, the reverberations are still rattling the oil industry, driving down driller shares and raising fears of a regulatory backlash.
One of the stodgier corners of the energy industry is getting more relaxed.
A fire at an oil tank battery owned by Anadarko Petroleum Corp. has killed one worker and injured three others in Colorado, authorities and the company confirmed.
Anadarko Petroleum is shutting all its vertical wells across northeast Colorado following a home explosion in the town of Firestone earlier this month that killed two people.
Anadarko Petroleum is to sell its Eagleford Shale assets for about $2.3billion.