Chevron Won't Counterbid for Anadarko

Date : 05/09/2019 @ 2:20PM
Source : Dow Jones News
Stock : Chevron Corporation (CVX)
Quote : 116.59  1.85 (1.61%) @ 5:18PM

Chevron Won't Counterbid for Anadarko

Chevron (NYSE:CVX)
Historical Stock Chart

6 Months : From Apr 2019 to Oct 2019

Click Here for more Chevron Charts.
By Micah Maidenberg 

Chevron Corp. is bowing out of the race to take over Anadarko Petroleum Corp., saying Thursday it will instead take a $1 billion termination fee from the company.

"Winning in any environment doesn't mean winning at any cost," Chevron Chief Executive Michael Wirth said in a statement.

Chevron agreed to purchase Anadarko for about $33 billion, but Occidental Petroleum Corp. later offered the oil company $38 billion.

This is a developing story and will be updated shortly.

 

(END) Dow Jones Newswires

May 09, 2019 09:05 ET (13:05 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest CVX Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.