Chevron will not submit a new offer to acquire Anadarko Petroleum, walking away from the deal after Occidental Petroleum pulled ahead in a battle to take control of the driller with prized assets in the top U.S. shale oil field.
Chevron will not submit a new offer to acquire Anadarko Petroleum, walking away from the deal after Occidental Petroleum pulled ahead in a battle to take control of the driller with prized assets in the top U.S. shale oil field.
Chevron will not submit a new offer to acquire Anadarko Petroleum, walking away from the deal after Occidental Petroleum pulled ahead in a battle to take control of the driller with prized assets in the top U.S. shale oil field.
Anadarko Petroleum's board of directors is likely to determine on Monday that Occidental Petroleum's buyout offer is superior to the agreement the board reached to sell Anadarko to Chevron last month, sources tell CNBC's David Faber.