Warren Buffett's Berkshire helps bankroll Occidental''s $38 billion bid for Anadarko

Warren Buffett`s Berkshire Hathaway Inc committed $10 billion on Tuesday to Occidental Petroleum Corp`s $38 billion cash-and-stock bid for Anadarko Petroleum Corp, boosting its chances of snatching a deal from Chevron Corp. 

Warren Buffett's Berkshire helps bankroll Occidental''s $38 billion
Occidental and Chevron are locked in the biggest oil-industry takeover battle in years as they eye Anadarko`s prized assets in West Texas` huge Permian shale oilfield. Image source: Reuters

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