Chevron Drops $33 Billion Bid for Anadarko, Ceding Key Oil Asset to Occidental https://nyti.ms/2JrRqbH

By walking away from a bidding war for a significant chunk of the lucrative Permian Basin, the energy giant put a much small rival in position to dominate the largest oil field in the United States.
The New York Times Business Mergers, Acquisitions and Divestitures
By CLIFFORD KRAUSS from NYT Business
https://nyti.ms/2JrRqbH