Last week Chevron sent ripples through the oil industry by agreeing to buy Anadarko in the sixth-largest oil and gas deal in history. Chevron agreed to pay $65 per share of Anadarko, which was a 39% premium to Anadarko's last closing price prior to the deal's announcement. Chevron's outlay will be $33 billion plus assumption of Anadarko's $17 billion debt for a total cost to Chevron of $50 billion. Anadarko has an extensive global portfolio, but the key to this deal is in the promise of the Permian Basin, which is now the world's top oil-producing region. This deal had several synergies that made it especially ... (full story)