Highlights Chevron, Occidental in bidding war since early April Occidental revises bid Sunday, aggress to deal with Total Dubai — The bidding war between Occidental Petroleum and Chevron to acquire Anadarko Petroleum is heating up, with Anadarko saying Tuesday that Occidental now has the “superior proposal.” Receive daily email alerts, subscriber notes & personalize your experience. Register Now Anadarko has assets in the Permian-rich basin in the US. Both Chevron and Occidental have been locked in a bidding war over the assets, which would boost their presence in the upstream US shale market, for almost a month following Chevron’s April 12 announcement it was buying the company in a cash-and-stock deal it valued at $50 billion. Occidental on Sunday revised its own bid for Anadarko, offering to purchase the company for 78% cash and 22% stock, compared with its earlier 50-50 cash-and-stock proposal it valued at $57 billion. A […]