West Texas

Occidental Petroleum Corp increases cash component of its bid, eliminates risk of voting down its bid

By admin1 on May 6, 2019 • ( 0 )

The strategic move, which essentially place Occidental Petroleum ahead of Chevron, risks a potential clash with Carl Icahn. In a significant development, Occidental Petroleum Corp increased the cash component of its $38 billion bid to acquire Anadarko Petroleum Corp thus… Read More ›

Anadarko begins negotiations with Occidental Petroleum Corp in bid to sell itself

By admin1 on April 29, 2019 • ( 0 )

Anadarko holds vasts fields of oil and gas deposits which can be easily accessed using low-cost drilling methods – these assets underscore the value of the bidding war surrounding the U.S. oil and gas exploration and production company. According to… Read More ›