Occidental Acquires Anadarko
14 August 2019
Occidental Petroleum has announced the successful completion of its acquisition of Anadarko Petroleum in a transaction valued at $55 billion.
“With Anadarko’s world-class asset portfolio now officially part of Occidental, we begin our work to integrate our two companies and unlock the significant value of this combination for shareholders,” said Vicki Hollub, president and Chief Executive Officer.
The acquisition follows approval of the transaction by Anadarko’s shareholders at a Special Meeting held earlier in August. More than 99% of the shares voted at the Special Meeting were in favor of the Occidental merger agreement.
Image credit: Occidental Petroleum