Anadarko shares leaped 32% on Friday to $61.78, but they didn’t trade above the offer price, implying investors don’t expect a bidding war. Chevron stock slid 4.9% to $119.76 a share. The ...

Chevron's bid to purchase Anadarko Petroleum hit a significant snag Monday morning as the Anadarko board of directors announced it will hold formal merger talks with Occidental Petroleum (Oxy).

Chevron has conceded defeat in the battle for Anadarko Petroleum. The oil major said in a statement Thursday that it would not increase its offer for Anadarko, putting rival Occidental Petroleum ...

The California oil major Chevron said Friday it would buy Anadarko Petroleum for $33 billion in the biggest industry deal in four years, strengthening Chevron’s leading positions in the booming ...

It would require Anadarko to pay a $1-billion breakup fee to Chevron. Occidental’s offer would pull together two second-tier oil and natural gas producers, as opposed to Chevron’s bid to creat ...

HOUSTON — Occidental Petroleum pulled it off. When Chevron said on Thursday that it would not raise its bid for Anadarko Petroleum, it was not only the end of a fierce monthlong takeover battle ...

Anadarko paid a $1 billion breakup fee to cancel the Chevron deal, as expected. The Woodlands-based Anadarko Petroleum Corp. (NYSE: APC) officially terminated its previously announced acquisition ...

Anadarko Petroleum could walk away from its marriage with Chevron. Anadarko (APC) announced on Monday it plans to enter merger talks with Occidental Petroleum (OXY), which made a hostile takeover ...

However, I had some reservations about Chevron's agreement to acquire Anadarko at a nearly 40% premium. The deal was great for Anadarko shareholders. Analysts at Robert W. Baird recently ranked ...

Chevron is buying Anadarko Petroleum for $33 billion, energizing its oil and gas drilling capabilities in Texas and the Gulf of Mexico while vaulting itself into a new league. Tyler Gray ...

Chevron on Friday announced plans to acquire oil and gas exploration and production company Anadarko Petroleum in a cash and stock deal valued at $33 billion. The transaction will give the ...

Chevron Corp. Chief Executive Officer Mike Wirth's decision to abandon his $33 billion offer for Anadarko Petroleum Corp. bolsters his reputation as one of the oil industry's consummate financial ...