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Chevron's oil giant is competing for $ 33 billion



SA oil and gas company, Chevron Corp. She has agreed to get an agreement between the Anadarko Petroleum competition.

The amount of the agreement is for 33 billion dollars, which is paid by money and shares. For security Anadarko, its shareholders get 0.3869 categories of Chevron and $ 16.25. Including Anadarko's debts, the amount invested in the construction will be in the region of $ 50 billion.

“Buying Anadarko greatly enhances the folder of research and mining and strengthens the company's position in the earth, deep water and gas fields,” said Chevron.

The agreement, unanimously agreed with the board of directors of the company, can be completed in the second half of 2019. The impact of the two companies is expected to be around $ 2 billion a year.

After the building, Chevron plans to increase the amount of the rebirth by $ 4 billion to $ 5 billion a year.

Chevron representative also announced plans to sell assets between $ 15 billion and $ 20 billion over the period 2020-2022. The amount of money available will be applied to pay contributions and shareholders.

Chevron is the world's second largest oil-gas company, making use of ExxonMobil. In 2018, the company received a net profit of $ 14.82 billion at $ 9.2 billion in the previous year. Natural oil and gas last year rose by 7% to 2.93 million barrels equivalent to the oil each day.

Today, the Chevron sectors are cheaper with 1.1%, but from the beginning of the year, the company's capitalization has risen by 16% to $ 238 billion. By way of comparison, the Exxon market is worth $ 345 billion.

After the contract was released, the Anadarko jumped 32%.


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