Deal is Done: Anadarko Petroleum Now Part of Occidental Petroleum

August 9, 2019August 9, 2019

Anadarko Petroleum, as an independent company, is no more. The company has officially sold itself and is now merged into Occidental Petroleum in a cash, stock and assumption of debt deal worth $55 billion. At one point Chevron had a deal to buy Anadarko, but Anadarko left them at the altar, along with a $1 billion deal abortion payment (see Anadarko Leaves Chevron at the Altar to Elope with Occidental).

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