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May 2019

Occidental wins Anadarko… is it the end?

With Occidental’s successful offer for Anadarko, what are we to expect for both the employees of Anadarko and The Woodlands? Hello, my name is Paul Carroll. I'm the CEO and founder of Efficient Wealth Management, a boutique wealth management firm based in The Woodlands, Texas, and Austin, Texas. Occidental has become the winner of quite the bidding contest. Paying $38 billion for Anadarko. Anadarko is the number one private employer in The Woodlands, Texas. With 3,700 mostly well-paid jobs there, employ two times as many people as ExxonMobil does within The Woodlands. What we're seeing here is part of an industry consolidation, the asset plays out in Texas of becoming mature. Now there is this drive for efficiency and assets. And Occidental and Chevron both wanted those assets, but there was a difference. Chevron didn't need them like Occidental does. To become a real player, to not be a has...
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