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What the Chevron-Anadarko deal means for Permian shale

Jack Stewart Apr 12, 2019
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Justin Sullivan/Getty Images

What the Chevron-Anadarko deal means for Permian shale

Jack Stewart Apr 12, 2019
Justin Sullivan/Getty Images
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COPY

Oil giant Chevron is buying Anadarko Petroleum in a $33 billion deal. The combined company will become one of the largest players in the US shale business. It will also give Chevron a larger foothold in the Permian Basin, located in Texas and New Mexico. What’s so attractive about this region? Could we see more consolidation deals in the near future?

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