UNITED STATES (VOP TODAY NEWS)
Helima Croft of RBC Capital Markets joins CNBC’s “The Exchange” team to break down how crude oil is trading. Chevron plans to acquire Anadarko Petroleum in a cash and stock deal the company valued at $33 billion.
The transaction values Anadarko at $65 per share, a 37% premium to Thursday’s closing price. Chevron’s deal represents the 11th biggest ever for an energy and power company, according to Refinitiv.
This video is provided by CNBC Television channel. – edited and published by VOP staff in our newsroom.
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