Chevron’s deal shines awkward spotlight on Shell

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Chevron’s deal shines awkward spotlight on Shell
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Chevron’s Anadarko deal shines an awkward spotlight on Shell gfhay

Shares in Anadarko Petroleum were trading at $62.56 at 2:15 p.m. EDT on April 15, up 1.3 percent.

That still left them below the $65 a share offered by Chevron in an agreed cash-and-shares bid announced on April 12.Shares in U.S. independent oil and gas producers Devon Energy and Pioneer Natural Resources rose by some 7 percent and 11 percent respectively on April 12.

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