Near-Term Call Buying in Chevron (CVX) Targets Upside in Shares Amid Anadarko Petroleum (APC), Occidental Petroleum (OXY) Deal Talks -Susquehanna

Berkshire Hathaway Commits to $10 Billion Equity Investment in Occidental (OXY) to Finance Acquisition of Anadarko (APC)

April 30, 2019 8:46 AM EDT

Occidental Petroleum Corporation (NYSE: OXY) announced today that, in connection with the financing of Occidentals proposal to acquire Anadarko Petroleum Corporation (NYSE: APC), Berkshire Hathaway, Inc. has committed to invest a total of $10 billion in Occidental. The investment is contingent upon Occidental entering into and completing its proposed acquisition... More

Will Buffett Help Occidental (OXY) in Quest for Anadarko (APC)?

April 29, 2019 3:38 PM EDT

Is Warren Buffett going to help Occidental Petroleum (NYSE: OXY) seal the deal for Anadarko Petroleum (NYSE: APC)? There are rumors swirling to this effect Monday after an Occidental Petroleum jet was tracked to Buffett's headquarters in Omaha over the... More

Anadarko Petroleum (APC) to Resume Negotiations With Occidental (OXY)

April 29, 2019 7:01 AM EDT

Anadarko Petroleum Corporation (NYSE: APC) today announced that it intends to resume negotiations with Occidental Petroleum Corporation (NYSE: OXY) in response to Occidental's proposal to acquire Anadarko, which was announced by Occidental on April 24, 2019 (the "Occidental Proposal"). As disclosed previously, Anadarko entered into a definitive merger agreement with Chevron Corporation on April 11, 2019 (the "Chevron Merger Agreement").

Anadarko is resuming its earlier negotiations with... More

Anadarko Petroleum (APC) to Resume Negotiations With Occidental (OXY)

April 29, 2019 7:01 AM EDT

Anadarko Petroleum Corporation (NYSE: APC) today announced that it intends to resume negotiations with Occidental Petroleum Corporation (NYSE: OXY) in response to Occidental's proposal to acquire Anadarko, which was announced by Occidental on April 24, 2019 (the "Occidental Proposal"). As disclosed previously, Anadarko entered into a definitive merger agreement with Chevron Corporation on April 11, 2019 (the "Chevron Merger Agreement").

Anadarko is resuming its earlier negotiations with... More

Anadarko Petroleum (APC) Enters Talks with Occidental Petroleum (OXY) - Reuters

April 29, 2019 5:56 AM EDT

Anadarko Petroleum (NYSE: APC) and Occidental Petroleum (NYSE: OXY) shares are on watch following reports from Reuters overnight that the two would being merger negotiations after Anadarko's board of directors has decided that Occidental's $38 billion... More

Exclusive: Anadarko to pursue deal talks with Occidental Petroleum - sources

April 28, 2019 11:19 PM EDT

By David French and Carl O'Donnell

(Reuters) - 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.

The bidding war for Anadarko underscores the value of its assets in the lucrative Permian Basin of West Texas and New Mexico. The vast shale field holds oil and gas deposits that can produce supplies for decades using low-cost drilling techniques.

... More

Chevron, Anadarko launch integration planning: CEO

April 26, 2019 12:51 PM EDT

HOUSTON (Reuters) - Chevron Corp on Friday pushed back at the potential for a rival to break up its $33 billion deal for Anadarko Petroleum Corp, saying the two companies had already begun meetings on a merger plan.

Occidental Petroleum on Thursday sought to scuttle the proposed deal, submitting a... More

UPDATE: Chevron (CVX) Tops Q1 EPS by 9c, Revenues Miss

April 26, 2019 8:32 AM EDT

(Updated - Guidance)

Chevron (NYSE: CVX) reported Q1 EPS of $1.39, $0.10 better than the analyst estimate of $1.30. Revenue for the quarter came in at $35.2 billion versus the consensus estimate of $38.42 billion.Upstream production volumes were up 7 percent from a year ago, primarily in the... More