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1959 Anadarko Production Company is formed as a subsidiary of Panhandle Eastern Pipe Line Company.

1986Anadarko becomes a public company. 

1993Anadarko discovers oil in Algeria.

2016The company acquires assets in the Gulf of Mexico from Freeport-McMoRan.

2001Anadarko acquires Berkley Petroleum Corporation.

2009Shareholders sue Anadarko, as successor to Kerr-McGee, for having misled investors about their large environmental debts.

2014Anadarko settles with the Environmental Protection Agency to pay $5.15 billion to clean up environmental waste sites around the country. 

April 2019Chevron Corporation announces their intention to acquire Anadarko for $33 billion. 

April 2019A counter bid is entered by Occidental Petroleum that is higher in price than Chevron's announced offer. 

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?

Anadarko History

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

 

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