Chevron buying Anadarko for $33 billion as crude prices rise - News Summed Up

Chevron buying Anadarko for $33 billion as crude prices rise


The LNG Wirth referred to is liquefied natural gas. Under Friday’s deal, Chevron gets access to Anadarko's LNG operations in Mozambique. The combined company will also control a 75-mile-wide corridor across the Delaware basin, just beside the Permian Basin, a region bountiful with natural gas that has been exploited through shale drilling.


Source: Los Angeles Times April 12, 2019 10:41 UTC



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