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Occidental Petroleum offers to acquire Anadarko Petroleum for $38 billion, presenting potential competition to Chevron's previous agreement to purchase Anadarko for $33 billion. Occidental's bid raises questions about Anadarko's decision to enter into a deal with Chevron and may trigger a bidding war. Anadarko's board is yet to determine the superiority of Occidental's offer but currently recommends the agreement with Chevron.
Tuesday, 23 April, 2019