Occidental Petroleum Corp. plans to sell Anadarko Petroleum Corp.’s Africa assets to Total SA if it completes a deal for the company. Occidental is in a contest with larger rival Chevron Corp. to buy Anadarko, with each company bidding in excess of $30 billion. The announcement Sunday is part of a plan by Occidental to sell assets to improve its balance sheet if it can complete the purchase.

Source: Wall Street Journal May 05, 2019 18:05 UTC