Golden State Warriors fans paying attention to Chevron's recent analyst meeting might have had a sense that something big was coming from the Bay Area oil giant.
During the event, Wells Fargo analyst Richard Read asked how Chevron is evaluating opportunities to grow its own footprint in the Permian, the top U.S. shale oil field. Chairman and CEO Michael Wirth took the question, drawing on an analogy he said he had recently used to describe his Permian strategy.
"When you're doing well, it doesn't mean you're going to stop there," he continued."And so, I think we need to get better. We're big, so bigger is not necessarily an imperative. I think better is something that you're always looking to do."Fast forward several weeks, and Wirth used almost the same language to describe the deal with Anadarko on a conference call.
One person that also considers Anadarko an MVP: CNBC's Jim Cramer. On Monday, Cramer called the deal"very smart" and a"game changer." Cramer holds shares of Anadarko in his charitable trust and has long held a positive view on the driller.
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