Subject: Re: OXY investment
I think you meant Chevron buying the smaller Occidental?
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OXY is bigger after acquiring Andarko, not smaller, therefore "buying the bigger OXY" would appear to be correct.

How so?

Occidental acquired Anadarko 4 years ago, for $57b. Occidental is now worth $55b. (Maybe not the greatest deal, but at least it allowed Berkshire to become involved.) Including Anadarko, it produced 1.2m barrels of oil equivalent (BOE) per day last year.


Chevron is worth $304b, and produced about 3.0 million BOE per day in 2022.

dtb