Anadarko calls Occidental takeover offer 'superior' to Chevron's

  • by Yahoo News - Top Stories , Jun 06, 2019
  • 16

Anadarko calls Occidental takeover offer 'superior' to Chevron'sUS oil group Anadarko said Monday that Occidental Petroleum's takeover bid is "superior" to Chevron's, amid a fierce battle over the company's assets in the shale-rich Permian Basin in Texas. After initially siding with Chevron, Anadarko reopened talks when Occidental raised its share price. Last week, Occidental also upped its cash offer to $38 billion.


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