One-Page Deal Sheet
Oxy to Acquire Anadarko in Deal Worth $38B ($57B Including Debt)
Occidental Petroleum Corp Anadarko Petroleum Corp
Announced Date
May 10,2019
Close Date
August 08,2019
Transaction Type
Corporate
Enterprise Value (EV)($MM)
57000
Asset/Basin:
{"Permian - Delaware Basin","DJ Basin","Gulf of Mexico"}
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Rockies - DJ Basin,Gulf of Mexico,Permian - Delaware Basin
Country
United States
State
Colorado
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
After many developments and the subsequent cancellation of its deal with Chevron Corp., Anadarko Petroleum has signed a deal to be acquired by Occidental Petroleum in a cash/stock deal worth $57 billion (including the assumption of Anadarko's debt).
Transaction Details Purchase Price : $57 billion (including debt) Production (1Q19) : 715,000 boe/d Production Mix : 73% Liquids, 58% oil 1P Reserves : 1,473 MMBOEThe purchase price is comprised of $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock.
Oxy CEO Vicki Hollub said: "This exciting…
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