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Chevron, the second largest US oil and gas company, has signed a $ 50 billion deal to acquire Anadarko Petroleum, one of the country's largest independent producers, in the largest attempt to consolidate the sector since the 1990s. drop in oil prices in 2014.
This agreement will strengthen Chevron's position in US shale oil production in the Permian Basin in Texas and New Mexico, a strategy it will bet on as a strategic priority for expansion. It also brings to the group more badets in deep-sea oil and liquefied natural gas, including the significant new development of Anadarko in Mozambique.
The acquisition is expected to save $ 2 billion annually in costs and capital.
Chevron Chief Executive Officer Michael Wirth said in a statement: "The combination of Anadarko's superior badets and enhanced portfolio strengthens our leading position in the Permian, reinforces our deepwater capabilities in the Gulf of Mexico is expanding our LNG business, creating attractive growth opportunities in areas that leverage Chevron's operational strengths, and underscoring our commitment to short-cycle and high-return investments. "
The terms of the transaction mean that Anadarko shareholders will receive 0.3869 shares of Chevron and $ 16.25 in cash for each Anadarko share, valuing equity totaling $ 33 billion.
The total value of the transaction, including Anadarko's debt, is $ 50 billion.
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