Tag: Occidental Petroleum

Chemical, Conventional Fuels

Chevron walks away from Anadarko Petroleum deal, will collect $1 billion breakup fee

May 9, 2019

Via: CNBC energy

Chevron said Thursday it will not submit a new offer to acquire Anadarko Petroleum, walking away from the deal after Occidental Petroleum pulled ahead in a battle to take control of the driller with prized assets in the top U.S. […]

Commercialization, Conventional Fuels

Buffett’s Berkshire Hathaway to invest $10 billion in Occidental Petroleum for Anadarko takeover

April 30, 2019

Via: CNBC energy

Warren Buffett is getting involved in a rare bidding war unfolding in the energy industry. Berkshire Hathaway has committed a $10 billion preferred stock investment in Occidental Petroleum contingent on the company completing its proposed takeover of Anadarko Petroleum. Last […]