Anadarko Petroleum and Chevron Corporation announced a $50 billion deal on Friday.
The energy groups expect to realize about $2 billion in annual "synergies" within a year of closing the deal.
Companies realize synergies by eliminating redundancies such as duplicate departments and roles, most likely meaning some employees will be let go.
Watch Chevron and Anadarko trade live.
Chevron and Anadarko Petroleum announced plans to join forces in a $50 billion deal on Friday.
Chevron, the world's...