Chevron drops out of Anadarko race

US supermajor says it 'will not increase offer' of $50 billion for US independent, leaving way clear for Oxy takeover

Out of Anadarko chase: Chevron chief executive Mike Wirth — Out of Anadarko chase: Chevron chief executive Mike WirthANDREW MANGUM/UPSTREAM

Eoin O'Cinneide

Published 9 May 2019, 12:44Updated 9 May 2019, 14:56

Financial Corporate Americas North America