Anadarko Petroleum’s board has declared Occidental Petroleum’s sweetened $38 billion takeover “superior,” giving Chevron four days to either boost its offer or walk away from the oil industry’s biggest deal in at least four years.
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.
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.
Leading figures from the North Sea’s oil and gas industry will take centre stage at the launch of a key industry report next month to discuss how changing skills requirements will impact on the industry over the next six years.
Some of the world's biggest oil firms have claimed they are taking "prudent action" on climate goals, despite a new report suggesting production from new fields will breach the Paris Agreement.
Israel’s Delek Group Ltd. and U.K. chemicals company Ineos Group are emerging as the front-runners for a package of North Sea oil and gas fields put on sale by Chevron Corp., according to people familiar with the matter.
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.
Some of the top oil and gas companies received perfect scores in the new LGBT workplace equality rankings, but the energy sector still ranks at the bottom for inclusion standards out of all industries nationwide.
Oil and gas companies must fill digital skills “gaps” if they are to fully take advantage of a new treasure trove of North Sea subsurface data, industry chiefs said yesterday.