Chevron may have to sweeten offer for Anadarko after rival Occidental bid
Chevron may have to increase its $65 per share offer by roughly $5-$10 per share to claim its prize, several analysts say. Occidental is offering $76 per share, but Anadarko shareholders would prefer to hold Chevron's stock, according to analysts. Energy giant Chevron CVX may have to sweeten its offer for Anadarko Petroleum APC after fellow driller Occidental Petroleum OXY put a higher bid on the table, analysts say.