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XOM - Why Chevron Will Win The Bidding War For Anadarko And Why It's Worth It
Exxon Mobil Corporation
By Aristofanis Papadatos
About two weeks ago, Chevron Corporation (CVX) announced its intention to acquire Anadarko Petroleum (APC) in a cash-and-stock deal. The stock price of the former plunged 5% on the news and has not retrieved its losses yet. However, it would be a great mistake to conclude that the deal will not be beneficial to Chevron.
Chevron is one of the two Dividend Aristocrats that belong to the energy sector, along with Exxon Mobil (XOM). You can see the full list of all 57 Dividend Aristocrats here