Oil Prices Are Being Hit By The Perfect Storm—And Laughing It Off

Oil markets do not have a reputation for being particularly zen. Volatile and quick-to-react, crude oil futures have a tendency to swing wildly and sometimes irrationally, often going in exactly the opposite direction oil analysts expect–sometimes for years at a stretch. So when crude was hit with a “perfect storm” this week–from alleged attacks on […]

Chevron Drops Out of Bidding War with Occidental for Anadarko Petroleum

Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a month-long bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size. The most ambitious foray of Chevron Chief Executive Officer Mike Wirth’s tenure ended Thursday after the world’s third-largest oil explorer by […]

The Prize for Winning Energy’s Biggest Takeover Battle? An Oil Field Half the Size of California 

The Chevron vs. Occidental battle to buy Anadarko Petroleum is the biggest, twistiest corporate takeover tussle the energy industry has seen in years. But it’s not just entertainment: at stake is nothing less than a battle for the heart of the U.S. shale boom. The prize is the right to dominate the Permian Basin, a […]