Tag: chevron

E&P Mergers and Acquisitions – A Case Study

The process of bringing two companies under a single roof can send an organization to new heights but also has the potential for rocky transitions. In the oil and gas industry, E&P mergers or acquisitions tend to strengthen physical positioning and induce an expanded asset portfolio but it often comes with extra baggage in the form of outstanding debt. Such was the case when Occidental Petroleum acquired Anadarko Petroleum as the outstanding debt left the oil major struggling to keep their head above water. By investigating the acquisition process as a case study, analysis can be made regarding Chevron’s new acquisition of Noble and whether or not the merger can be considered a success.