Chevron taps out in Anadarko Petroleum battle, will get $1B termination fee – Fox Business

Chevron taps out in Anadarko Petroleum battle, will get $1B termination fee – Fox...

Chevron will not provide a counteroffer for Anadarko Petroleum Corp., paving the way for Occidental Petroleum to acquire the oil and gas driller after a rare, public fight between the two firms.TickerSecurityLastChange%ChgAPCANADARKO PETROLEUM CORP.75.86+0.04+0.05%OXYOCCIDENTAL PETROLEUM CORPORATION60.210.000.00%CVXCHEVRON CORP.117.50-0.77-0.65%Chevron had until Friday to submit a counterproposal for Anadarko after the Texas-based firm earlier this week determined a…

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