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Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum. It also quadrupled its debt - to ...
In 1986, Panhandle Eastern Corporation distributed its interests in Anadarko to its shareholders via a corporate spin-off, and Anadarko became a public company. [ 4 ] In 1999, the company purchased a 7.5-acre (30,000 m 2 ) tract in The Woodlands, Texas from the Woodlands Land Company to build an 800,000-square-foot (74,000 m 2 ), 32-story ...
In 1957-58 this partnership built a uranium mill near Grants, New Mexico and Ambrosia Lake. In 1983 the mill was taken over by a new Kerr-McGee subsidiary called the Quivira Mining Corporation. Quivira was sold to Rio Algom in 1989. [25] [26] [27] Kerr-McGee purchased the Lakeview Mining Company of Lake County, Oregon in 1961.
Occidental Petroleum (NYSE: OXY) is no stranger to making big moves. It agreed to buy CrownRock for $12 billion last year. Meanwhile, it outbid Chevron to buy Anadarko Petroleum for $55 billion in ...
Occidental is trying to convince Anadarko to accept its offer and abandon the agreed $33 billion sale to Chevron Corp. The move means Occidental shareholders who oppose the bid, including T Rowe ...
In September 2014, Occidental moved its headquarters to Houston, Texas. [40] [41] In November, the company sold its 50% interest in BridgeTex Pipeline Company, owner of a 300,000 barrel-per-day crude oil pipeline system that extends from Colorado City, Texas to Texas City, Texas, for $1.075 billion.
Patrick Pouyanne pounced after Occidental Corp trumped Chevron's $33 billion bid for Anadarko in April with an offer that includes raising financing by selling some of Anadarko's operations worth ...
Anadarko is an unincorporated community in Rusk County, Texas, United States. [1] According to the Handbook of Texas , the community had a population of 30 in 2000. [ 2 ]