• Under the terms of the deal, Chevron would pay $65 a share in stock and cash. That is 39 percent above where Anadarko’s stock closed yesterday.

• Including Anadarko’s debt, the transaction is valued at $50 billion.

• Anadarko would give Chevron a huge presence in the Permian Basin in West Texas, one of the most valuable oil-producing areas in the U.S. It would also strengthen Chevron’s liquid natural gas reserves.

If completed, the deal would be Chevron’s biggest since its $36 billion takeover of Texaco, which closed in 2001.

The deal comes as oil prices have risen over the past six weeks after a reduction in supply by OPEC members. Futures for West Texas Intermediate crude reached $64.19 per barrel this morning, up 61 cents from their last closing price, according to Reuters.

Amazon’s growth is slowing

In Amazon’s annual letter to its shareholders, Jeff Bezos shared insights about the financial performance of his e-commerce behemoth.

“Third-party sellers are kicking our first-party butt. Badly,” Mr. Bezos wrote. Third-party sales on Amazon increased to $160 billion in 2018 from $100 million in 1999 — a compound annual growth rate of 52 percent. Amazon’s first-party sales rose to $117 billion from $1.6 billion in the same period, a growth rate of 25 percent.

Growth in Amazon’s total merchandise sales is slowing, according to calculations by Shira Ovide of Bloomberg Opinion. She writes that the company sold $300 billion worth of merchandise in 2018, up 19 percent from the previous year. But annual increases for that metric were 24 percent for 2017 and 27 percent for 2016.