Chevron (stock ticker: CVX, $CVX) Chairman and CEO Michael Wirth went on the morning cable business shows and hosted a conference call today, saying his company’s acquisition of Anadarko Petroleum (stock ticker: APC, $APC) is “the highest return investment dollar that we can spend.”

During his company’s conference call, Wirth responded to analyst questions about plunking down $33 billion in cash and shares to buy Anadarko. Wirth said “our priorities are unchanged. The dividend is priority one. Second is to reinvest in the business. Third is to maintain a strong balance sheet and fourth return capital to shareholders with share repurchases. It’s a resource acquisition business... we are constantly adding resources through exploration, thr...


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