Anadarko Petroleum – Page 2

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Anadarko Names New President to Lead Worldwide Operations

November 15, 2018

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 worldwide operations, project management, exploration, midstream and marketing, as well as the company’s expanding next-generation technology development and systems solutions.

Anadarko Q2 DJ Production Averaged 261 MBOEPD

August 1, 2018

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 Increased U.S. onshore oil volumes by 47% YOY Improved per-barrel margins by nearly 50% YOY Expanded West Texas infrastructure with

Anadarko Petroleum Rakes in $976 Million in Q4

February 7, 2018

Anadarko Petroleum Corporation (ticker: APC) reported fourth quarter of 2017 net income attributable to common stockholders of $976 million, or $1.80 per share (diluted). Net cash provided by operating activities in the fourth quarter of 2017 was $1.4 billion. For the year ended December 31, 2017, Anadarko reported a net loss attributable to common stockholders of $456 million, or ($0.85)

Anadarko Announces $4.2-4.6 Billion Capital Budget for 2018

November 17, 2017

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 as the Gulf of Mexico. The remaining budget will be spent on international operations, exploration and LNG development. Spending in the

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

October 24, 2017

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 who is retiring after a 34-year career at Whiting, having served as president and CEO since 2002 and who was instrumental

EnerCom's price-to-cash-flow-per-share comparison with debt-to-market cap shows markets care less about debt below 150% of market cap

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

October 19, 2017

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 flow. Anadarko Petroleum Corp. (ticker: APC) said in September that the company plans to repurchase $2.5 billion of its stock

Anadarko Q2: Permian Growing, GOM Production will Maintain through 2019

July 26, 2017

With its second quarter reporting, Anadarko Petroleum Corp. (ticker: APC) reported an average production of 631,000 BOEPD and said it reduced its investments by $300 million for the year. In its Delaware basin assets, Anadarko’s oil production averaged 33,000 BOPD—a 52% increase from its Q2 production in 2016. The company’s 2017 guidance was revised down from 235 to 239 MMBOE

Anadarko Adds Deal Power to Board

February 13, 2017

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 far-reaching experience in finance, strategic investments, mergers and acquisitions, and exploration and new ventures,” said Anadarko Chairman, President and CEO Al Walker. “We

Anadarko Sees Oil Production Growth with Freeport-McMoRan Deepwater Assets

December 16, 2016

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 Mexico (GOM) assets. The company announced in September that it would pay $2 billion for FCX’s offshore assets, a move

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

November 1, 2016

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 Basin, the DJ Basin and the deepwater Gulf of Mexico (GOM). “The three Ds” as the assets were referred to

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

September 14, 2016

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 in a deal that Anadarko calculates could deliver $3 billion of incremental free cash flow over the next five years to Anadarko

Anadarko Sees Sustained $60 Oil Prices in 2017

July 28, 2016

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 8 MMBOPD, helping to support prices at $60 per barrel in 2017. At that price, Anadarko believes it should have

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