A battle between Chevron and Occidental Petroleum for Anadarko Petroleum is fueling speculation about more U.S. oil and gas deal-making.
's U.S. shale assets for $10.5 billion last year, giving the oil major a foothold in the Permian Basin and other regions where drillers extract oil and gas from rock formations. BP took over those operations last month.Brian Sullivan"So I think we're fine, not on the hunt, but this doesn't surprise me we're starting to see some of the consolidation in the Permian," he said, referring to the top U.S.
Anadarko's acreage in the Permian is widely seen as the company's crown jewel and the biggest prize for the winning bidder. Warren Buffett's
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