Chevron working on merger with deal Anadarko despite rival bid

Bloomberg

Chevron Corp. is already working on integrating Anadarko Petroleum Corp., even as it faces a higher rival takeover bid for the oil explorer from Occidental Petroleum Corp.
Just two weeks after Chevron agreed to buy Anadarko for $31 billion, executives from both companies have begun planning the combination of their sprawling international operations, Chevron Chief Executive Officer Mike Wirth said.
The Chevron CEO was speaking for the first time publicly since Occidental announced its cash-and-stock proposal for Anadarko earlier this week. Wirth reaffirmed Chevron’s confidence in completing the deal, which he said may happen in the third quarter. He didn’t rule out making a higher offer.
Anadarko said April 24 it’s weighing Occidental’s bid, while also reaffirming its commitment to the Chevron deal.