News of Chevron (CVX - Get Report) tapping out of its $33 billion deal to buy Anadarko (APC) has no doubt been flooding your feeds. But, how much do you really know about the premium oil and gas giant?
1959. Anadarko Production Company was formed as a subsidiary of Panhandle Eastern Pipe Line Company.
1996. The company went public.
2009. The company had a huge setback as shareholders sued Anadarko for having misleading investors about their large environmental debts. The company had a settlement with Environmental Protection Agency to pay $5.15 billion to clean up environmental waste sites around the country.
Watch the video above or read: Chevron Walks Away From Anadarko Takeover, Plans $1 Billion Buyback Boost