BRIEF-Occidental Petroleum Proposes To Buy Anadarko For An Equity Purchase Price Of $38 Billion

BRIEF-Occidental Petroleum Proposes To Buy Anadarko For An Equity Purchase Price Of $38 Billion

Occidental Petroleum Corp: * OCCIDENTAL PETROLEUM SAYS PROPOSES TO ACQUIRE ANADARKO FOR AN EQUITY PURCHASE PRICE OF $38 BILLION

* OCCIDENTAL PETROLEUM CORP - LATEST ANADARKO OFFER PRICE IN LINE WITH OXY OFFERS MADE IN "2018 AND 2019" * OCCIDENTAL PETROLEUM - IN OFFER FOR ANADARKO, CO WILL ISSUE ABOUT 309 MILLION SHARES TO ANADARKO SHAREHOLDERS

* OCCIDENTAL PETROLEUM CORP - LATEST ANADARKO OFFER REPRESENTS PRO FORMA OWNERSHIP WITH 71% LEGACY OXY SHAREHOLDERS, 29 % LEGACY ANADARKO SHAREHOLDERS * OCCIDENTAL PETROLEUM - IN FINANCING THE OFFER FOR ANADARKO, CO HAS ABOUT $10 BILLION - $15 BILLION OF PLANNED ASSET SALES IN NEXT 12–24 MONTHS Source text for Eikon: Further company coverage:

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