Chevron to buy Anadarko Petroleum in a $33 billion cash and stock deal

• Chevron plans to acquire Anadarko Petroleum in a cash and stock deal the company valued at $33 billion.
• The transaction values Anadarko at $65 per share, a 37% premium to Thursday’s closing price.
• Chevron’s deal represents the 11th biggest ever for an energy and power company, according to Refinitiv.

Chevron announced on Friday it will acquire oil and gas driller Anadarko Petroleum in a cash and stock deal valued at $33 billion, marking one of the biggest energy sector mergers in years and a transformative moment for one of the industry’s dominant players. Read more…