Offshore

Chevron buys Anadarko in USD 33 billion bet on shale oil and LNG

In a massive bet on the Permian shale oil and LNG region, oil major Chevron is set to buy Anadarko for USD 33 billion. The acquisition puts Chevron among dominant oil players such as Exxonmobil and Shell in terms of scale.
BY KIMBERLY YUEN, JAVIER BLAS AND KELLY GILBLOM, BLOOMBERG

Chevron Corp. agreed to buy Anadarko Petroleum Corp. in a $33 billion bet on the Permian shale-oil region and liquefied natural gas, intensifying a battle with Exxon Mobil Corp. to be America’s top energy company.

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