FILE PHOTO: The unstaffed lobby of the North Dakota regional headquarters of oil producer Occidental Petroleum Corp is seen in Dickinson, North Dakota in this October 14, 2015 photo. REUTERS/Ernest Scheyder/File Photo
NEW YORK (Reuters) – Occidental Petroleum Corp submitted a cash-and-stock bid worth $70 per share for Anadarko Petroleum Corp, a source familiar with the matter said on Friday.
Despite the offer, Chevron Corp announced earlier in the day that it had agreed to acquire Anadarko for $33 billion, offering the equivalent of $65 per share, split between 75 percent stock and the rest in cash.
Reporting by David French; Editing by Nick Zieminski