Occidental/Anadarko Bid: No Support for Oil & Gas ETFs
April 25, 2019 at 07:00 AM EDT
Occidental Petroleum Corp. ( OXY ) upped the ante on Anadarko Petroleum Corp. ( APC ), triggering a potential bidding war for a key shale driller in the Permian Basin after the Chevron Corp. ( CVX ) offer, but it wasn’t enough to lift oil and gas exploration sector-related exchange traded funds.