Demonstrates Capital Discipline
- Will receive
$1 billion cash termination fee - Increasing share repurchase rate by 25 percent to
$5 billion per year - Committed to its advantaged portfolio and long-term value proposition
“Winning in any environment doesn’t mean winning at any cost. Cost and
capital discipline always matter, and we will not dilute our returns or
erode value for our shareholders for the sake of doing a deal,” said
Chevron’s Chairman and CEO
Upon termination of the Merger Agreement, Anadarko will be required to
pay
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190509005523/en/
Source:
Kent Robertson -- +1 925-842-1456