Oxy, Anadarko merger moves to approvals phase


A deal to combine Anadarko Petroleum Corp. and Occidental Petroleum Corp. is moving to the approvals phase. Anadarko on May 9 entered into a definitive merger agreement with Oxy following the termination of its previously announced merger agreement with Chevron Corp. (OGJ Online, May 9, 2019). Anadarko paid a termination fee of $1 billion to Chevron.


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