Inside the Bidding War for Anadarko

The transcript discusses Occidental Petroleum's (Oxy) bid for Anadarko, highlighting the strategic advantages and synergies compared to Chevron's offer. It explores the unusual nature of hostile deals in the energy sector, referencing past instances like Exxon and Texaco. The focus is on Oxy's attempt to appeal to shareholders by emphasizing its strong portfolio and strategic fit in the Permian Basin, while Chevron remains silent on counteroffers.

What unique offerings does Anadarko provide that Occidental does not seem to need?

What historical context is provided regarding hostile takeovers in the energy sector?