OXY - Chevron: Anadarko Offer Is Just The Beginning

We think the latest Chevron (CVX) acquisition has now set the stage for industry consolidation. By acquiring Anadarko Petroleum (APC), Chevron benefits from major synergies as well as several strategic advantages. On the one hand, it reinforces its position in the Permian Basin, currently one of the most (if not the most) productive oil fields worldwide. On the other hand, the deal increases its exposure to LNG projects.

While questions remain about the future of the Mozambique operations, the CVX CEO has declared the project suits the company’s current portfolio well

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