Anadarko endorses Occidental offer with LNG sale and Chevron gets $1Bln if it walks away

Tuesday, 07 May 2019

Occidental Petroleum, the Texas-based company competing with Chevron Corp. to take over Anadarko Petroleum for around $55 billion including debt, has had its revised offer endorsed by the Anadarko board, including the sale of its Mozambique LNG stake and other African assets to French major Total if the deal is finalized.

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