Just in: Occidental tries to outbid Chevron for Anadarko Petroleum

A bidding war is breaking out over Anadarko Petroleum, with Occidental making an offer that it says is about a 20% premium to Chevron’s deal announced earlier this month, a rare move not often seen in the U.S. oil industry. Houston-based Occidental Petroleum Corp. said the proposed combination would bolster its position in the Permian … Continue reading Just in: Occidental tries to outbid Chevron for Anadarko Petroleum