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CVX - Visit To Omaha: Will Berkshire Fund Occidental Petroleum's Bid For Anadarko?
Chevron Corporation
Editor’s Note: This article was submitted before news of Berkshire’s investment was announced
Occidental Petroleum's (OXY) management visited Omaha a week early for the Berkshire Hathaway (BRK.A BRK.B) annual meeting, Bloomberg reports. This is interesting and timely, as Berkshire has been building a "cash pile" for an "elephant" sized acquisition, and OXY just outbid Chevron (CVX), a company many times its size, to buy out Anadarko (APC).
The theory is that OXY might be looking to Berkshire for financing for their bid for Anadarko,