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Oil and gas driller Chevron Corp. (CVX) did not submit a better takeover offer for Anadarko Petroleum Corp. (APC) last week, which came as a major surprise to me and probably a lot of other investors. Chevron Corp. has now definitely lost in the takeover battle over Anadarko Petroleum Corp. to Occidental Petroleum Corp. (OXY), but will nonetheless walk away with some cash that will be used to increase the company's stock buybacks by 25 percent.