Chevron/Anadarko Deal Could Benefit Oil & Gas ETF
This article was originally published on ETFTrends.com.
Earlier this month, Chevron (NYSE: CVX) announced a $33 billion cash and stock deal to acquire Anadarko Petroleum (NYSE: APC). Including debt, the deal is valued at closer to $58 billion, marking the energy sector’s largest upstream acquisition since 2015. A slew of exchange traded funds (ETFs) rallied on the news, including the VanEck Vectors [...]