Anadarko already has a $33 billion, cash and stock deal in place with Chevron. But Occidental countered last week with the equivalent of $76 a share, half in cash and half in Occidental stock. But Pavel Molchanov of Raymond James said he did not view the Berkshire investment as a deal killer for Chevron. Occidental shares were down more than 2 percent. Anadarko shares were down slightly.

Source: Washington Post April 30, 2019 14:29 UTC