EnergyWatch

Missed Anadarko-acquisition helps Chevron

The US oil company breaks the trend among industry colleagues by improving significantly in the second quarter. Chevron especially benefits from the failed Anadarko-acquisition and a record-high production level.

Mike Blake / Reuters / Ritzau Scanpix
Photo: Mike Blake / Reuters / Ritzau Scanpix

Chevron staked a lot on acquiring Anadarko but had to give up the major acquisition after prolonged polemics, even though the parties had actually agreed on a deal. This all happened at the beginning of May.

Instead, Occidental ended up acquiring Anadarko, but because Anadarko did not go through with the deal, Chevron received USD 1 billion in compensation.

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