Chevron (CVX) has agreed to buy Anadarko Petroleum (APC) for $33 billion in cash and stock. On the news shares of Anadarko are up 32.5% to $61.85. Shares of Chevron are off 4.91% to $119.81. Measured by oil and natural gas production, the deal puts Chevron neck-and-neck with ExxonMobil (XOM) and Royal Dutch Shell (RDS). Measured […]
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