Internationally, Anadarko will enhance Chevron's operational base with key assets in places like Algeria, Ghana and Mozambique. “This transaction builds strength on strength for Chevron,” said Chevron’s Chairman and CEO Michael Wirth. Chevron said it plans to divest "$15 to $20 billion of assets between 2020 and 2022. As a practical matter, this deal accelerates the efforts by the major, integrated oil companies to form dominant positions in the prolific and booming Permian Basin of West Texas and Southeastern New Mexico. As CNBC notes this morning, "The companies say the deal creates a 75 mile corridor across the Delaware basin portion of the Permian.

Source: Forbes April 12, 2019 13:30 UTC