Deal Insight
Occidental to buy Anadarko
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Occidental won the race for Anadarko after Chevron opted not to counter Oxy's US$76 per share offer. Occidental had worked hard for the win, agreeing external financing and a contingent sale of Anadarko's African assets, to improve its proposition and alleviate Anadarko's initial concerns. Chevron's committment to capital discipline meant Occidental was able to clinch the deal at a price that still looks good value. The deal will be a game changer for Occidental.
Table of contents
- Executive summary
- Transaction details
-
Upstream assets
- US Permian
- US Rockies
- US Gulf of Mexico
- African assets
- Deal analysis
-
Upsides and risks
-
Upsides
- Permian upside
-
Risks
- Permian execution
- Niobrara regulatory risks
-
Upsides
-
Strategic rationale
-
Occidental
- Anadarko
- Chevron
-
Occidental
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
- Executive summary: Table 1
- Wood Mackenzie NPV10 by region, 2019 versus 2024
- Anadarko production by region
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Deal analysis: Table 4
- Deal analysis: Table 5
- Deal analysis: Table 6
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
- Anadarko new project returns (including Africa)
- 4 more item(s)...
What's included
This report contains:
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