Anadarko posts $1B loss after paying Chevron breakup fee
Anadarko Petroleum reported a quarterly net loss of just more than $1 billion on Friday, but that's because The Woodlands-based oil producer paid Chevron a $1 billion breakup fee for terminating their merger.
Instead, Anadarko agreed to be acquired by Houston's Occidental Petroleum in a sweetened $38 billion deal, which is expected to close as soon as the coming weeks.
Anadarko said it counted other merger transaction costs of about $42 million that contributed to its overall net loss of $1.025 billion.
Comparatively, Anadarko posted a small $29 million profit during the second quarter last year.
Read more: https://www.mysanantonio.com/business/energy/article/Anadarko-posts-1B-loss-after-paying-Chevron-14188710.php
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My business experience being very tiny tiny tiny potatoes, I just can not imagine. 
