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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(...)

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(...)