Chevron is paying 33 billion for Anadarko Petroleum

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Although Chevron is well known consumer brand Anadarko is focused on exploration and production of of crude oil and natural gas. Chevron CVX CEO Michael Wirth said in a statement that buying Anadarko would solidify his companys position in shale producing parts of the southern United StatesRead More. Chevron expanded its operations Friday in a mega deal with Anadarko Petroleum Corp. in a stock and cash deal worth $33 billion the companies announced Friday. The mega deal expands Chevrons portfolio to include greater shale development the company said in a statement. has agreed to buy Anadarko Petroleum Corp. in a $33 billion deal that expands its shale drilling ambitions and places it just behind Exxon Mobil Corp. as one of the worlds largest publicly traded producers of oil and gas. The combined company will become one of the largest operators in U. shale basins at a time when America pumps more crude than Saudi Arabia and Russia

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