Chevron is sitting pretty. The integrated oil giant has until Friday to make a counteroffer for Anadarko Petroleum, the Texas-based driller at the center of a bidding duel that will give the winner a much bigger presence in the shale-heavy Permian Basin. As rival Occidental Petroleum comes under pressure, Chevron has options. Chevron bid...

Source: Wall Street Journal May 08, 2019 18:00 UTC