Inform
Chevron joins the UltraMajors with US$50 billion Anadarko deal
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Report summary
This is the largest upstream acquisition since Shell acquired BG in 2015. It draws to a close a period of limited business development activity from Chevron, during which peers have stepped up business development to take advantage of counter-cyclical opportunities. Anadarko will catapult Chevron into the undisputed leader in Permian tight oil, diversify the company's growth options and strengthen its core US Gulf of Mexico portfolio.
Table of contents
- Event
-
Implications
- Strategic fit
- A new UltraMajor emerges
Tables and charts
This report includes 3 images and tables including:
- Chevron's Permian position before acquisition (completions since 2010)
- Chevron and Anadarko combined Permian position (completions since 2010)
- Majors' Production Forecast (reflecting Chevron and Anadarko deal)
What's included
This report contains:
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