Occidental offers to buy Anadarko in $57 billion deal, topping Chevron

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Oil and gas producer Occidental Petroleum Corp sought to scuttle Chevron Corp&#0...

FILE PHOTO: The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni

A deal would make Occidental the largest producer in the lucrative Permian shale basin, with total production of 533,000 barrels of oil equivalent production per day, the company said.

 

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