Chevron bows out of fight for Anadarko Petroleum
Chevron won't increase its buyout offer for Anadarko, cutting short a potential bidding war with Occidental Petroleum.Occidental challenged Chevron's initial bid last month, offering $57 billion in cash and stock, including debt and book value of non-controlling interest. Chevron's offer was worth about $50 billion by the same metric.Occidental's bid ...
Chevron agrees to $160 million upgrade, fines to end probe
Federal officials say Chevron Corp. has agreed to pay a nearly $3 million fine and spend $160 million on environmental improvements and upgrading oil refineries to resolve allegations the company violated pollution laws.The U.S. Department of Justice announced the agreement Wednesday.The San Ramon, California-based based company agreed to spend $150 ...
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