1. Occidental's Bombshell Ups The Ante For Anadarko

    Occidental's Bombshell Ups The Ante For Anadarko

    In a move that could set off a bidding war, OXY announced a new, higher offer for Anadarko Petroleum, which had already announced a deal two weeks ago with Chevron. The already-high stakes in the booming domestic oil industry just got even higher...

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    1. We have been focused on Anadarko for several years because we have long believed that we are ideally positioned to generate compelling value from a combination with them. We look forward to engaging immediately with Anadarko's Board and stakeholders to deliver this superior transaction.
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