Anadarko

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  Occidental Petroleum is set to raise $13 billion  through the US bond market   to fund its takeover of Anadarko. Photograph: Reuters

Occidental Petroleum is set to raise $13 billion (€11.6 billion) through the US bond market on Tuesday to fund its takeover of Anadarko, an acquisitio(...)

Exxon has posted an overall 7 per cent rise to 3.9 million barrels of oil equivalent a day and Chevron’s rising 9 per cent to 3.08 million barrels a day. Photograph: Jim Young/Reuters

ExxonMobil and Chevron both beat analyst expectations with their second-quarter results as the US oil majors ramped up production in the Permian Basin(...)

Teneo chief executive Declan Kelly.

The Declan Kelly-led communications and advisory firm Teneo has been dragged into arbitration after having worked for both sides in the takeover battl(...)

The European airline sector underperformed, with Ryanair closing 2%  lower at  €10.77

European shares slid on Thursday, with investors exiting positions in favour of safer assets as they waited to see if US-China talks will yield tangib(...)

Photograph: Loren Elliott/Reuters

Chevron abandoned its takeover bid for Anadarko on Thursday, outmanoeuvred by Occidental Petroleum’s higher, $38 billion offer that included more than(...)

Wall Street, on Monday. Dow Jones industrials lost over 400 points in early trading over investor unease regarding developments in China-US trade negotiations. Photograph: Justin Lane/EPA

Stocks around the world tumbled on Monday and oil prices slumped after Donald Trump threatened to raise tariffs on China, triggering an investor exodu(...)

The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE)

Occidental Petroleum moved a step closer to sealing its proposed $38 billion acquisition of Anadarko Petroleum after it sweetened its offer and agreed(...)

Berkshire Hathaway chief Warren Buffett ahead of the company’s annual meeting in Omaha, Nebraska on Saturday. Photographer: Houston Cofield/Bloomberg

Warren Buffett underlined his commitment to buy back shares of Berkshire Hathaway to the tens of thousands of shareholders at the company’s annual mee(...)

Warren Buffett, CEO of Berkshire Hathaway.

Warren Buffett’s Berkshire Hathaway has pledged to invest $10 billion (€9 billion) in Occidental Petroleum to back its $55 billion bid for rival Anada(...)

Drilling platform, Texas. The tussle for Anadarko has transfixed the oil industry over the past two weeks. Photograph: Brandon Thibodeaux/The New York Times

Anadarko plans to resume talks about a potential $38 billion (€34 billion) takeover by Occidental, a move that threatens to scupper a previously agree(...)

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