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The Rise of a New Ultramajor?


  • The purchase of Anadarko gets Chevron into two prolific areas: the Permian Basin in the US and LNG.
  • Through Anadarko, Chevron will gain major US midstream space, including a 55% stake in the Western Midstream Partners whose pipelines crosses all over Texas, linking the Permian to the processing and exporting base on the Gulf.
  • With this Chevron deal – along with ExxonMobil's expansion and BP's recent purchase of BHP assets – this could kick off another round of industry consolidation, centred around buying the way into the Permian and other shale basins.



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