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2019-08-09 13:00:00

OCCIDENTAL, ANADARKO TRANSACTION: $55 BLN

OCCIDENTAL, ANADARKO TRANSACTION: $55 BLN

OXY - August 8, 2019 – Occidental Petroleum Corporation ("Occidental" or "the Company") (NYSE: OXY) today announced the successful completion of its acquisition of Anadarko Petroleum Corporation ("Anadarko") (NYSE: APC) in a transaction valued at $55 billion, including the assumption of Anadarko's debt.

"With Anadarko's world-class asset portfolio now officially part of Occidental, we begin our work to integrate our two companies and unlock the significant value of this combination for shareholders," said Vicki Hollub, President and Chief Executive Officer. "We expect to deliver at least $3.5 billion annually…

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Tags: OCCIDENTAL, ANADARKO
Chronicle:
OCCIDENTAL, ANADARKO TRANSACTION: $55 BLN
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