Occidental Petroleum Corporation Thursday announced the successful completion of its acquisition of Anadarko Petroleum Corporation a in a transaction valued at $55 billion, including the assumption of Anadarko’s debt. “With Anadarko’s world-class asset portfolio now officially part of Occidental, we begin our work to integrate our two companies and unlock the significant value of this combination for shareholders,” said Vicki Hollub, President …

SAN RAMON, Calif. (AP) — Chevron won’t increase its buyout offer for Anadarko, cutting short a potential bidding war with Occidental Petroleum. Occidental challenged Chevron’s initial bid last month, offering $57 billion in cash and stock, including debt and book value of non-controlling interest. Chevron’s offer was worth about $50 billion by the same metric. Occidental’s bid gained momentum two …

NEW YORK (AP) — 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. Occidental Petroleum Corp. said in a letter to Anadarko’s board on Wednesday that its bid is worth $76 per share in cash and stock and would give …

Anadarko announces $4 billion midstream asset sale HOUSTON, Nov. 8, 2018 /PRNewswire/ — Anadarko Petroleum Corporation  today announced a transaction to sell substantially all of its remaining midstream assets for $4.015 billion to Western Gas Partners, LP, with $2.0075 billion cash proceeds, and the balance to be paid in new Western Gas equity. Concurrently WES announced it has entered into …