Post Tagged with: "Anadarko Petroleum"

Source: Occidental Petroleum

Oxy Lowers Production Guidance on Legacy Anadarko Assets

From The Houston Chronicle


With Occidental Petroleum finalizing its $38 billion acquisition of Anadarko Petroleum last week, Oxy is now lowering its oil and gas production guidance for the legacy Anadarko assets.

For the rest of this year, Oxy said …

Source: Tyler Losier

Occidental Finance Chief Pledges to Act Quickly to Pare Acquisition Debt

From Reuters


Occidental Petroleum Corp (OXY.N) expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company’s finance chief said on Monday.

Cedric Burgher, in his first public remarks since the …

Source: Occidental Petroleum

Occidental Closes on Anadarko

By Tyler Losier, Energy Reporter, Oil & Gas 360

Occidental Petroleum completes its $55 billion takeover of Anadarko Petroleum
Occidental Petroleum Corporation (stock ticker: OXY), led by President and CEO Vicki Hollub, has completed its acquisition of Anadarko Petroleum Corporation

Icahn Enterprises Completes Sale of Brazilian Resource Company

Icahn Enterprises Completes Sale of Brazilian Resource Company

By Tyler Losier, Energy Reporter, Oil & Gas 360

Icahn Enterprises closes sale of Ferrous Resources to Vale S.A. for $550 million
Icahn Enterprises L.P. (stock ticker: IEP), a conglomerate company owned by American investor Carl Icahn, has closed on

Source: Ithaca Energy Limited

Exxon Mobil Profit Sinks, Chevron Rises as Both Boost Output

From Reuters


Weaker second-quarter refining and chemicals profits offset surging U.S. shale production at U.S. oil majors Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), the two reported on Friday.

Exxon’s topped analysts’ reduced estimates for the quarter but net …

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

Oxy Earnings Dip 25%; Anadarko Megadeal Likely to Close Aug. 8

From The Houston Chronicle


Occidental Petroleum reported a $635 million quarterly profit that dipped 25 percent from the year prior, but the focus still remains on Oxy’s $38 billion acquisition of Anadarko Petroleum that could close in August.

Houston-based Oxy …

Source: Occidental Petroleum

Occidental Petroleum Profit Falls on Low Gas Prices, Derivative Contracts

From Reuters


Occidental Petroleum Corp, which is battling activist investor Carl Icahn over its $38 billion purchase of Anadarko Petroleum, reported a 14% fall in core profit on Wednesday, as higher crude prices and volumes were offset by adjustments to …

Source: Occidental Petroleum

Occidental Mails Letter to Shareholders

Occidental Mails Letter to Shareholders

Drilling-Frozen Erie, Colo. tells Anadarko Petroleum: Go Ahead, Drill Your 23 Wells, We Want the Tax Revenue to Build Infrastructure

Drilling-Frozen Erie, Colo. tells Anadarko Petroleum: Go Ahead, Drill Your 23 Wells, We Want the Tax Revenue to Build Infrastructure

From the Denver Business Journal

Even a local government with a moratorium on oil and gas drilling can support new wells when doing so helps its long-term economic development goals.

Anadarko — Colorado’s largest oil-and-gas producer — and the northern …

Anadarko Names New President to Lead Worldwide Operations

Anadarko Names New President to Lead Worldwide Operations

Anadarko elevates other executives, adds board members
Anadarko Petroleum Corporation (stock ticker: APC) has named Bob Gwin, formerly the company’s EVP finance and CFO, to the position of president.

In his new role, Gwin will be responsible for leading Anadarko's

Anadarko Q2 DJ Production Averaged 261 MBOEPD

Anadarko Q2 DJ Production Averaged 261 MBOEPD

Delaware Basin jumps 88% to 62 MBOEPD

Anadarko Petroleum Corporation (NYSE: APC) announced 2018 Q2 results, reporting net income of $29 million, or $0.05 per share (diluted). Net cash provided by operating activities in Q2 2018 was $1.23 billion.

Highlights

Anadarko Announces $4.2-4.6 Billion Capital Budget for 2018

Anadarko Announces $4.2-4.6 Billion Capital Budget for 2018

Anadarko Petroleum (ticker: APC) released its 2018 capital expectations and guidance. According to the company’s press release, out of the company’s $4.2-4.6 billion dollar budget, approximately 80 percent will be directed towards the Delaware and DJ basins, as well …

Whiting Petroleum Names Former Anadarko Onshore E&P Leader Brad Holly as CEO to Replace Retiring CEO James Volker

Whiting Petroleum Names Former Anadarko Onshore E&P Leader Brad Holly as CEO to Replace Retiring CEO James Volker

James Volker will serve as Whiting’s executive chairman through year end

Beginning next Wednesday former Anadarko EVP U.S. Onshore E&P Bradley Holly will take the reins of Whiting Petroleum Corporation (NYSE: WLL), replacing outgoing Chairman, President and CEO James Volker …

When Does the Balance Sheet Stop Being the Market’s First Concern?

When Does the Balance Sheet Stop Being the Market’s First Concern?

Companies are beginning to put capital to work away from the drill bit, but should they be targeting debt?

Several high-profile share repurchase programs have been announced recently as oil and gas companies look for ways to reinvest their free-cash …

October 19, 2017 - 5:34 pm Analytics, Closing Bell Story‎, Oil and Gas 360 Articles
Anadarko Adds Deal Power to Board

Anadarko Adds Deal Power to Board

Anadarko Petroleum Corporation (ticker: APC) announced the election of Claire S. Farley as an independent director of the company, effective Feb. 9, 2017.

“Claire is a respected leader in the energy industry with a tremendous track record of success, including …

Anadarko Sees Oil Production Growth with Freeport-McMoRan Deepwater Assets

Anadarko Sees Oil Production Growth with Freeport-McMoRan Deepwater Assets

Anadarko closes $2 billion Freeport-McMoRan Gulf of Mexico asset acquisition, ramps up Permian activity, announces GOM oil discoveries

Houston-based Anadarko Petroleum Corp. (ticker: APC) announced Thursday that the company has closed on its acquisition of Freeport-McMoRan’s (ticker: FCX) Gulf of …

Anadarko Finding Growth in the Three Ds: Delaware, DJ and Deepwater

Anadarko Finding Growth in the Three Ds: Delaware, DJ and Deepwater

Anadarko increases its sales volume guidance 8 MMBOE as the company streamlines assets

Anadarko Petroleum Company (ticker: APC) announced its third-quarter results today, placing an emphasis on investing in assets the company feels offer it the best returns: the Delaware …

Anadarko to Buy All of Freeport McMoRan’s Gulf of Mexico Deepwater Assets for $2 Billion

Anadarko to Buy All of Freeport McMoRan’s Gulf of Mexico Deepwater Assets for $2 Billion

Anadarko Deepwater GOM cash flow will fund Delaware, DJ growth

In exchange for production of 80,000 net barrels of oil equivalent per day (BOEPD), Anadarko Petroleum (ticker: APC) will give Freeport McMoRan Oil & Gas Company (ticker: FCX) $2 billon …

Anadarko Sees Sustained $60 Oil Prices in 2017

Anadarko Sees Sustained $60 Oil Prices in 2017

Demand growth will drive prices up; APC targets $3.5 billion in divestitures by yearend

Anadarko Petroleum (ticker: APC) said during its conference call today that the company expects demand to surprise to the upside while U.S. production bottoms out around …