Breaking the logjam that has blocked global deal flow since late 2018, Chevron
agreed to acquire Anadarko Petroleum for $50 billion. The deal expands Chevron’s US
onshore portfolio, primarily in the Permian Basin, adds deepwater Gulf of Mexico assets,
and enhances its global LNG portfolio with the addition of Anadarko’s gas
discoveries off Mozambique and
proposed liquefaction project.
“It creates attractive growth
opportunities in areas that play to Chevron’s operational strengths and underscores
our commitment to short-cycle, higher-return investments,” Chevron chairman and......
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