News of Chevron (CVX) - Get Report tapping out of its $33 billion deal to buy Anadarko (APC) - Get Report 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