Houston-based Occidental Petroleum Corp. (NYSE: OXY) announced Aug. 8 that it has completed one of the highest-profile energy megadeals in recent years.
Oxy acquired The Woodlands-based Anadarko Petroleum Corp. (NYSE: APC) in a transaction valued at $55 billion, including the assumption of Anadarko’s debt, per the Aug. 8 press release. When the cash-and-stock deal was proposed on May 5, the equity purchase price was valued at $38 billion, and the deal’s total transaction value was $57 billion.
The…
