It seems all the pieces of the puzzle are coming together. Expect announcement in a few weeks I should say.
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Selling their Middle East assets
https://apple.news/AGIODznTmSu-JgQazFFI6Lg
One of the largest areas of interest for CVX is now gone (LNG) and the shale plays that are complementary aren't nearly the same in value as last year. No way is CVX interested as a whole. They could buy the GOM assets but as distressed as the market is, those aren't really a bargain compared to other financially strapped companies nearing bankruptcy.
She said she will sell for the right price. Hard to not notice the writing on the wall: EC new golden parachute, employees COC, keeping our salaries and SG&A low, keeping assets together...
Seeking Alpha article, look it up.
For those that worked at Anadarko remember all the years we heard Exxon or another major was going to buy us out. It took years before Chevron actually made a public offer , and then the Oxy purchase. These rumors can go on forever. Like the earlier post said who would acquire that much debt, and an earlier poster referred to an article that said the enterprise value of Oxy would be around 80 billion for assets, debt. bonds, etc.
Lies.
Definitely fake news.
Why would anyone buy a company with over 40 billion of debt?? Just wait for the company to file bankruptcy then but the assets at bottom of the barrel pricing
Source?
Rumor is probably being started by the OP. While it'd be nice, you'll see a lot of other acquisitions before anyone is looking to assume our crazy debt level. There are only a handful of companies that could buy us, like Exxon, Chevron, Shell, BP, and Total. As we saw with Chevron last year, they are much more risk averse than we were, especially in this environment.
Sounds like fake news. Source???
I think the shoe shine boy shared this with you. Provide a source.
Oh we hope this is true.
Where Did this rumor come from? Yahoo Finance?
Whole company or just the Gulf of Mexico and International Operations?