Anadarko Petroleum Corp, the U.S. oil and gas exploration and production company...
FILE PHOTO: The unstaffed lobby of the North Dakota regional headquarters of oil producer Occidental Petroleum Corp is seen in Dickinson, North Dakota in this October 14, 2015. REUTERS/Ernest Scheyder
- Anadarko Petroleum Corp, the U.S. oil and gas exploration and production company that agreed this month to sell itself to Chevron Corp for $33 billion, decided on Sunday to begin negotiations to sell itself to Occidental Petroleum Corp instead, according to people familiar with the matter. Anadarko’s board of directors has decided that Occidental’s $38 billion cash-and-stock bid could lead to a deal that would be superior to the one it has with Chevron, the sources said.
Anadarko will now kick off negotiations with Occidental to see if it can finalize a deal, the sources added. There is no certainty that Occidental, which was vying for Anadarko before Chevron clinched its deal, will be able to secure its own deal, the sources said. If it does, Chevron will be given an opportunity under its contract with Anadarko to match Occidental’s deal.Anadarko, Occidental and Chevron did not immediately respond to requests for comment.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Occidental Petroleum Bids for AnadarkoOccidental Petroleum offered to purchase Anadarko Petroleum in a deal it values at $57 billion, more than Chevron’s bid for the oil company.
और पढो »
Occidental Petroleum bids $76 a share for Anadarko, trumping Chevron offerA bidding war broke out in the energy patch on Wednesday.
और पढो »
Occidental offers to buy Anadarko in $57 billion deal, topping ChevronOil and gas producer Occidental Petroleum Corp sought to scuttle Chevron Corp&0...
और पढो »
Chevron may have to sweeten offer for Anadarko after rival Occidental bidMost analysts see Chevron ultimately winning the fight for Anadarko, but several say the oil major will have to pay up for the prize.
और पढो »
Occidental CEO explains why she will prevail in bidding war for sought-after oil driller AnadarkoOccidental Petroleum CEO Vicki Hollub says her company can squeeze the best results out of Anadarko Petroleum's wells in the top U.S. shale basin.
और पढो »
Anadarko confirms Occidental's $57 billion bidOil and gas producer Anadarko Petroleum Corp on Wednesday confirmed Occidental P...
और पढो »
Occidental offers $38 billion for Anadarko, topping ChevronOil and gas producer Occidental Petroleum Corp on Wednesday started the first ta...
और पढो »
Occidental offers $57 billion for Anadarko, topping ChevronOil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion b...
और पढो »
Occidental sweeps in with higher bid for Anadarko than Chevron is offeringOccidental Petroleum Corp. offered to buy Anadarko Petroleum Corp. for $76 a share in cash and stock, topping the current offer for the company from Chevron...
और पढो »
Occidental gives Anadarko an ill-judged bear hugIts $38 bln cash-and-stock offer trumps bigger rival Chevron’s bid for the U.S. oil producer, is a two-thirds premium and in theory helps both sides. Yet Occidental’s shares are less attractive and its debt would jump. Chevron only need sweeten its offer a bit to regain its edge.
और पढो »
Stocks making the biggest moves premarket: Boeing, Anadarko Petroleum, Caterpillar, AT&T & moreSome of the names on the move ahead of the open.
और पढो »