05272019Mon
Last updateThu, 23 May 2019 6pm

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Chevron Agrees to Acquire Anadarko

Chevron has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. The total enterprise value of the transaction is $50 billion.

This deal will make Chevron “the largest producer in the dusty plains of the Permian Basin by giving it control of an oil-rich area twice the size of Los Angeles,” Bloomberg reports.

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