Chevron Corporation (CVX) New York Stock Exchange
CloseMay 17, 2019

News: updated – 18-May 12:20

Occidental’s Purchase Of Anadarko Isn’t A Permian Oil Purchase16-May 09:48(SeekingAlpha)

The competition between Occidental ( OXY ) and Chevron ( CVX ) to buy Anadarko Petroleum ( APC ) lit up news boards and markets everywhere during the last month. Occidental won the company at a price tag of $38 billion. In some places, the competition was styled as an effort to attain dominanc…

Occidental’s Big Mistake: Overpaying For Resources In An Age Of Energy Abundance16-May 06:54(SeekingAlpha)

Occidental Petroleum’s ( OXY ) stock has been heading lower ever since it started bidding for Anadarko Petroleum ( APC ). It’s now trading at the same level it was back in May of 2007. Interestingly enough, so is Exxon Mobil ( XOM ). And for the same reason: overpaying for resources in a…