HOUSTON Anadarko Petroleum exacted a top price for itself by repeatedly spurning Occidental Petroleum's approaches and pushing for all-cash offers, reasoning the market might react negatively to the blockbuster $38 billion deal, according to securities filings released on Friday.
HOUSTON, June 7 Anadarko Petroleum repeatedly spurned rival Occidental Petroleum's approaches and pushed for all-cash offers, fearing the market's reaction to the blockbuster $38 billion deal, according to securities filings released on Friday.
HOUSTON Rex Tillerson, the former U.S. secretary of state and Exxon Mobil Corp chairman who has clashed with President Donald Trump since leaving the administration, said on Wednesday he supports the president's trade objectives "but may not support the tactical moves."
HOUSTON, June 4 Rex Tillerson, former U.S. secretary of state and Exxon Mobil chairman who has clashed with President Trump since leaving the administration, said on Wednesday he supports the president's trade objectives "but may not support the tactical moves."
(Fixes abbreviation for million cubic feet per day in second paragraph in June 4 article.)
HOUSTON, June 4 Natural gas flaring and venting in the top U.S. oil field reached an all-time high in the first quarter of the year due to the lack of pipelines, at a time of increased focus on environmental concerns about methane emissions.
HOUSTON Activist investor Carl Icahn sued Occidental Petroleum Corp on Thursday over its deal to buy rival Anadarko Petroleum Corp, signalling he may try to replace Occidental's board of directors and press for asset sales.
DALLAS Exxon Mobil Corp shareholders on Wednesday rejected a proposal to split the chief executive officer and board chairman roles that some had promoted to protest a decision to strike an unrelated climate change resolution from the ballot.
HOUSTON Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum.
U.S. President Donald Trump said he was prepared to take military action to stop Tehran from getting a nuclear bomb but left open whether he would back the use of force to protect Gulf oil supplies that Washington fears may be under threat by Iran.