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ID - Chevron buys Anadarko for $50B; 6th-largest upstream deal - April 2019



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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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