Anadarko Petroleum Corporation (NYSE: APC) is one of the world’s largest independent oil and gas exploration and production companies, with approximately 2.3 billion barrels of oil equivalent (BOE) of proved reserves and production of 206 million BOE as of December 31, 2008. Anadarko employs a worldwide workforce of about 4,000.[3] The company is headquartered in The Woodlands, SPD Montgomery County, Texas.
Anadarko Petroleum Corporation (Anadarko) is an independent oil and natural gas exploration and production company. As of December 31, 2010, the Company had 2.4 billion barrels of oil equivalent of proved reserves. Anadarko’s portfolio of assets includes positions in onshore resource plays in the Rocky Mountains region, the southern United States and the Appalachian basin. The Company is a producer in Algeria and in the deepwater Gulf of Mexico, as well as basins located offshore Brazil, East and West Africa, China, Indonesia and New Zealand. Anadarko operates in three operating segments: oil and gas exploration and production, midstream, and marketing. Oil and gas exploration and production segment explores for and produces natural gas, crude oil, condensate and natural gas liquids (NGLs). Midstream segment provides gathering, processing, treating and transportation services to Anadarko and third-party oil and gas producers. The Company owns and operates natural gas gathering, processing, treating and transportation systems in the United States. Marketing segment sells much of Anadarko’s production, as well as hydrocarbons purchased from third parties. The Company markets oil, natural gas and NGLs in the United States, and markets oil from Algeria and China.
Oil and gas properties and activities
Anadarko’s operations in the United States include oil and natural gas exploration and production onshore in the Lower 48 states and Alaska, and the deepwater Gulf of Mexico. During the year ended December 31, 2010, the Company’s operations in the United States accounted for 89% of both Anadarko’s total revenues and total proved reserves. During 2010, the Company participated in the drilling of 1,570 natural gas wells, 236 oil wells and 10 dry holes in the United States. As of December 31, 2010, Anadarko’s Rocky Mountain Region (Rockies) properties were located in Colorado, Utah and Wyoming with a primary focus on natural gas plays. During 2010, Anadarko operated approximately 13,500 wells and had an interest in approximately 10,100 non-operated wells in the Rockies. Anadarko operates tight gas and coalbed methane (CBM) natural gas assets, as well as enhanced oil recovery (EOR) projects within the region.
During 2010, the Company drilled 1,121 wells in the Rockies. The Company’s tight-gas assets are located in the Greater Natural Buttes area in eastern Utah, the Wattenberg field in northeast Colorado, and the Greater Green River area in Wyoming. During 2010, Anadarko operated 7,500 wells and had an interest in 4,700 non-operated wells in these tight gas areas. As of December 31, 2010, the Company operated over 1,900 wells in the Greater Natural Buttes field. Anadarko also operates multiple CBM properties in the Rockies. Anadarko’s primary CBM properties are located in the Powder River Basin and Atlantic Rim areas in Wyoming and the Helper, Clawson and Cardinal Draw areas in Utah. During 2010, Anadarko operated approximately 4,600 CBM wells and had an interest in approximately 5,200 non-operated CBM wells in the Rockies. Anadarko’s Southern and Appalachia Region properties are primarily located in Texas and Pennsylvania. Operations in these areas are focused on finding and developing both natural gas and liquids from shales, tight sands and fractured-reservoir plays. Anadarko also has tight gas and/or fractured-reservoir operations in the Bossier, Haley, Carthage, Chalk, South Texas and Ozona areas in Texas, and the Hugoton area in southern Kansas. During 2010, the Company drilled 479 wells and completed 359 wells in the Southern and Appalachia Region.
During 2010, Anadarko purchased additional acreage in the Maverick basin. Anadarko’s oil and natural gas production and development activity in Alaska is concentrated primarily on the North Slope. During 2010, development activity continued at the Colville River Unit with 11 wells drilled. In 2011, the Company anticipated participating in approximately 14 development wells and sanctioning of the Alpine West satellite development. In the Gulf of Mexico, Anadarko owns an average 63% working interest in 505 blocks. During 2010, the Company operated seven floating platforms, held interests in 26 producing fields and was in the process of delineating and developing five additional fields in the area. During 2010, Anadarko drilled five development wells in the Gulf of Mexico before the Moratorium, and continued to make progress on the Caesar Tonga development project.
The Company’s international oil and gas production and development operations are located primarily in Algeria, China and Ghana. The Company also has exploration acreage in Ghana, Brazil, Indonesia, Mozambique, Sierra Leone, Cote d’Ivoire, Liberia, New Zealand, Kenya and other countries. During 2010, these international locations accounted for 11% of both Anadarko’s total revenues and total proved reserves. Anadarko is engaged in development and production activities in Algeria’s Sahara Desert in Blocks 404 and 208. During 2010, all production was from fields located in Block 404, which produced through the Hassi Berkine South and Ourhoud Central Production Facilities (CPF). During 2010, nine development wells were drilled in Blocks 404 and 208.
Anadarko’s development and production activities in China are located offshore in Bohai Bay. During 2010, Anadarko drilled 24 wells in Bohai Bay. Anadarko’s exploration and development activities in Ghana are located offshore in the West Cape Three Points block and the Deepwater Tano block. During 20109, the Company and its partners had drilled 16 wells in the Jubilee field. Anadarko holds exploration interests in seven blocks located offshore Brazil in the Campos and Espirito Santo basins. During 2010, Anadarko drilled two exploration wells in the Campos and Espirito Santo basins. Anadarko has participating interests in approximately 4.5 million exploration acres in Indonesia through a combination of several operated and non-operated production sharing contracts. In Mozambique, the Company has participating interests in two blocks (one onshore and one offshore) totaling approximately 6.4 million acres. Anadarko’s exploration activities in Sierra Leone are located in blocks six and seven in the Liberian basin. Anadarko also has active exploration projects in Sierra Leone, New Zealand and Kenya, as well as activities in other overseas venture areas.
Midstream properties and activities
Anadarko invests in midstream (gathering, processing, treating and transporting) systems to complement its oil and gas operations in regions where the Company has natural gas production. In addition, Anadarko’s midstream business also provides midstream services to third-party customers, including major and independent producers. Anadarko generates revenues from its midstream activities through fixed-fee, percent-of-proceeds, and keep-whole agreements. As of December 31, 2010, Anadarko had 29 gathering systems located throughout major onshore producing basins in Wyoming, Colorado, Utah, New Mexico, Kansas, Oklahoma, Pennsylvania and Texas. Western Gas Partners, LP (WES), a consolidated subsidiary of Anadarko, owns, operates, acquires and develops midstream assets.
Marketing activities
The Company’s marketing segment manages Anadarko’s natural gas, crude oil, condensate and NGLs sales. The Company’s sales of natural gas, crude oil, condensate and NGLs are made at the market prices for those products at the time of sale. The Company also purchases natural gas, crude oil, condensate and NGLs volumes from third parties, primarily near Anadarko’s production areas. The Company sells natural gas under a variety of contracts. The Company sells natural gas under a range of contracts and may also receive a service fee related to the level of reliability and service required by the customer. The Company controls natural gas firm transportation capacity and stores natural gas in contracted storage facilities. Anadarko’s crude oil, condensate and NGLs revenues are derived from production in the United States, Algeria, China and other international areas. The Company also purchases and sells third-party-produced crude oil, condensate and NGLs in the Company’s domestic and international market areas, as well as utilizes contracted NGLs storage facilities.
Later in 1993, Anadarko teamed up with Amoco and Phillips Petroleum in discovering a huge shallow-water oil field in the Gulf of Mexico. The field, called Mahogany, was thought to hold at least 100 million barrels of oil, 37.5 percent of which was owned by Anadarko. For fiscal 1993, Anadarko reported record-high net income of $117 million on revenue of $476 million. For the 12th consecutive year, the company more than matched its production volumes of oil and gas with new proved reserves. Anadarko increased its exploration activities in the Gulf in early 1994. In April, the company paid $98 million for 26 different Gulf properties in a Minerals Management Service lease sale, hoping to repeat the success of Mahogany. Like Mahogany, the properties were nearly all "sub-salt plays," or potential finds located under salt formations. Anadarko also announced further oil discoveries in the deserts of Algeria, and development of those properties was accelerated.
In the short period since its spinoff from Panhandle Eastern, Anadarko's rate of success at wildcat drilling was remarkable. Its wealth of natural gas reserves in the Hugoton Basin also gave the company a great deal of control over its production, a huge advantage in an industry susceptible to market fluctuations. Anadarko was expected to become an even larger force among independent energy companies, if its discoveries of oil and gas in the Gulf of Mexico and Algeria continued into the late 1990s.
New Opportunities at Home and Abroad: 1995-2002
Anadarko's Algerian operations began to reap significant dividends by 1995, when new discoveries increased the company's total reserves in the region to approximately one billion barrels. In addition to these proven reserves, the company's overall success rate in the country, where six of its nine wells had struck oil, made the prospect of future discoveries seem extremely promising. Although the company expected lingering political unrest in Algeria to hamper its operations to some extent, it still hoped to be producing in excess of 30,000 barrels of crude per day within a year after obtaining its exploitation license.
Buoyed by its success in North Africa, Anadarko began exploring other overseas opportunities during the mid-1990s, most notably in the Red Sea. In the fall of 1995 the company entered into a production agreement with the Energy Ministry in Eritrea, in East Africa. With an initial investment of $28.5 million, the company planned to utilize the same computer technology used to analyze salt structures in the Gulf of Mexico to explore similar deposits in the Red Sea, where Eritrea's offshore reserves were still largely untapped. The company expanded its international operations even further the following year, when it entered into an agreement with Perupetro, the state oil company of Peru, to begin preliminary exploration of the country's Ucayali Basin.
However, Anadarko's overseas expansion efforts hit a snag in the late 1990s, when a steep decline in oil and natural gas prices took a significant bite out of Anadarko's revenues. The company's earnings fell by nearly 80 percent for the first quarter of 1998, with overall sales declining by 14 percent. Seeking to salvage something from the drop in prices, Anadarko began to look into expansion opportunities closer to home. In March 1998, the company acquired several new oil fields in Oklahoma from the Occidental Petroleum Corporation. With the cost of reserves down to $6 a barrel, the company was able to make the acquisition for only $120 million, while the addition of these new operations doubled the company's oil reserves in the Anadarko Basin.
The company began to experience a turnaround in July 1998, when it uncovered a reserve of more than 140 million barrels of oil in the Gulf of Mexico. In addition to being Anadarko's largest discovery in nearly two decades, the success also granted some much needed legitimacy to the company's subsalt exploration technology, paving the way for future discoveries in the Gulf and in the Red Sea.
In order to sustain such ambitious expansion, however, the company needed to bolster its operations. To this end, in April 2000 Anadarko announced its intention to acquire the Union Pacific Resources Group. The deal, worth more than $4.4 billion, promised to make the combined entity the largest oil and gas company in North America. In February 2001, the company further increased its presence in the Canadian oil market with the acquisition of Berkley Petroleum in Alberta for $777 million. In July of that year the company also acquired Gulfstream Resources Canada for $137 million. The latter deal gave Anadarko three offshore drilling sites off the coast of Qatar, with proven reserves of more than 70 million barrels of oil. Perhaps most significantly, the deal represented Anadarko's first substantial foray into the Middle East.
Anadarko suffered a setback in January 2002, when an internal accounting error resulted in the announcement of a net loss of $1.35 billion for the third quarter of 2001, substantially higher than the previously expected loss of $270 million. However, the loss did not prevent the company from pursuing further opportunities for growth, and by October 2002, it was able to invest more than $200 million to acquire two substantial oil fields in Wyoming, a state where potential reserves were estimated to exceed 500 million barrels. With this latest acquisition, Anadarko's position as the largest independent oil producer in the United States seemed more secure than ever.
Principal Subsidiaries: RME Petroleum Company; RME Holding Company; Anadarko Canada Energy Ltd.; Anadarko Canada Corporation; RME Land Corp.; Anadarko Algeria Company, LLC.
Principal Competitors: BP p.l.c.; Burlington Resources, Inc.; Exxon Mobile Corporation.
OVERALL
Beta: 1.42
Market Cap (Mil.): $39,718.28
Shares Outstanding (Mil.): 503.15
Annual Dividend: 0.36
Yield (%): 0.46
FINANCIALS
APC.N Industry Sector
P/E (TTM): 51.15 14.19 12.01
EPS (TTM): 554.77 -- --
ROI: 1.78 4.10 3.96
ROE: 3.77 4.64 5.10
Key Dates:
1959: Anadarko Production Company is formed as a subsidiary of Panhandle Eastern Pipe Line Company.
1960: Anadarko enters into 20-year agreement with the Pioneer Natural Gas Company.
1965: The company acquires Ambassador Oil Corporation and moves its headquarters to Fort Worth, Texas.
1985: Anadarko Petroleum Corporation is formed as an independent company.
1993: Anadarko discovers oil in Algeria.
2000: Anadarko acquires Union Pacific Resources.
2001: Anadarko acquires Berkley Petroleum Corporation.
Statistics:
Public Company
Incorporated: 1959 as Anadarko Production Company
Employees: 3,500
Sales: $8.36 billion (2001)
Stock Exchanges: New York
Ticker Symbol: APC
NAIC: 211111 Crude Petroleum and Natural Gas Extraction; 213111 Drilling Oil & Gas Wells
Address:
1201 Lake Robbins Dr.
The Woodlands, Texas 77380-1046
U.S.A.
Anadarko Petroleum Corporation (Anadarko) is an independent oil and natural gas exploration and production company. As of December 31, 2010, the Company had 2.4 billion barrels of oil equivalent of proved reserves. Anadarko’s portfolio of assets includes positions in onshore resource plays in the Rocky Mountains region, the southern United States and the Appalachian basin. The Company is a producer in Algeria and in the deepwater Gulf of Mexico, as well as basins located offshore Brazil, East and West Africa, China, Indonesia and New Zealand. Anadarko operates in three operating segments: oil and gas exploration and production, midstream, and marketing. Oil and gas exploration and production segment explores for and produces natural gas, crude oil, condensate and natural gas liquids (NGLs). Midstream segment provides gathering, processing, treating and transportation services to Anadarko and third-party oil and gas producers. The Company owns and operates natural gas gathering, processing, treating and transportation systems in the United States. Marketing segment sells much of Anadarko’s production, as well as hydrocarbons purchased from third parties. The Company markets oil, natural gas and NGLs in the United States, and markets oil from Algeria and China.
Oil and gas properties and activities
Anadarko’s operations in the United States include oil and natural gas exploration and production onshore in the Lower 48 states and Alaska, and the deepwater Gulf of Mexico. During the year ended December 31, 2010, the Company’s operations in the United States accounted for 89% of both Anadarko’s total revenues and total proved reserves. During 2010, the Company participated in the drilling of 1,570 natural gas wells, 236 oil wells and 10 dry holes in the United States. As of December 31, 2010, Anadarko’s Rocky Mountain Region (Rockies) properties were located in Colorado, Utah and Wyoming with a primary focus on natural gas plays. During 2010, Anadarko operated approximately 13,500 wells and had an interest in approximately 10,100 non-operated wells in the Rockies. Anadarko operates tight gas and coalbed methane (CBM) natural gas assets, as well as enhanced oil recovery (EOR) projects within the region.
During 2010, the Company drilled 1,121 wells in the Rockies. The Company’s tight-gas assets are located in the Greater Natural Buttes area in eastern Utah, the Wattenberg field in northeast Colorado, and the Greater Green River area in Wyoming. During 2010, Anadarko operated 7,500 wells and had an interest in 4,700 non-operated wells in these tight gas areas. As of December 31, 2010, the Company operated over 1,900 wells in the Greater Natural Buttes field. Anadarko also operates multiple CBM properties in the Rockies. Anadarko’s primary CBM properties are located in the Powder River Basin and Atlantic Rim areas in Wyoming and the Helper, Clawson and Cardinal Draw areas in Utah. During 2010, Anadarko operated approximately 4,600 CBM wells and had an interest in approximately 5,200 non-operated CBM wells in the Rockies. Anadarko’s Southern and Appalachia Region properties are primarily located in Texas and Pennsylvania. Operations in these areas are focused on finding and developing both natural gas and liquids from shales, tight sands and fractured-reservoir plays. Anadarko also has tight gas and/or fractured-reservoir operations in the Bossier, Haley, Carthage, Chalk, South Texas and Ozona areas in Texas, and the Hugoton area in southern Kansas. During 2010, the Company drilled 479 wells and completed 359 wells in the Southern and Appalachia Region.
During 2010, Anadarko purchased additional acreage in the Maverick basin. Anadarko’s oil and natural gas production and development activity in Alaska is concentrated primarily on the North Slope. During 2010, development activity continued at the Colville River Unit with 11 wells drilled. In 2011, the Company anticipated participating in approximately 14 development wells and sanctioning of the Alpine West satellite development. In the Gulf of Mexico, Anadarko owns an average 63% working interest in 505 blocks. During 2010, the Company operated seven floating platforms, held interests in 26 producing fields and was in the process of delineating and developing five additional fields in the area. During 2010, Anadarko drilled five development wells in the Gulf of Mexico before the Moratorium, and continued to make progress on the Caesar Tonga development project.
The Company’s international oil and gas production and development operations are located primarily in Algeria, China and Ghana. The Company also has exploration acreage in Ghana, Brazil, Indonesia, Mozambique, Sierra Leone, Cote d’Ivoire, Liberia, New Zealand, Kenya and other countries. During 2010, these international locations accounted for 11% of both Anadarko’s total revenues and total proved reserves. Anadarko is engaged in development and production activities in Algeria’s Sahara Desert in Blocks 404 and 208. During 2010, all production was from fields located in Block 404, which produced through the Hassi Berkine South and Ourhoud Central Production Facilities (CPF). During 2010, nine development wells were drilled in Blocks 404 and 208.
Anadarko’s development and production activities in China are located offshore in Bohai Bay. During 2010, Anadarko drilled 24 wells in Bohai Bay. Anadarko’s exploration and development activities in Ghana are located offshore in the West Cape Three Points block and the Deepwater Tano block. During 20109, the Company and its partners had drilled 16 wells in the Jubilee field. Anadarko holds exploration interests in seven blocks located offshore Brazil in the Campos and Espirito Santo basins. During 2010, Anadarko drilled two exploration wells in the Campos and Espirito Santo basins. Anadarko has participating interests in approximately 4.5 million exploration acres in Indonesia through a combination of several operated and non-operated production sharing contracts. In Mozambique, the Company has participating interests in two blocks (one onshore and one offshore) totaling approximately 6.4 million acres. Anadarko’s exploration activities in Sierra Leone are located in blocks six and seven in the Liberian basin. Anadarko also has active exploration projects in Sierra Leone, New Zealand and Kenya, as well as activities in other overseas venture areas.
Midstream properties and activities
Anadarko invests in midstream (gathering, processing, treating and transporting) systems to complement its oil and gas operations in regions where the Company has natural gas production. In addition, Anadarko’s midstream business also provides midstream services to third-party customers, including major and independent producers. Anadarko generates revenues from its midstream activities through fixed-fee, percent-of-proceeds, and keep-whole agreements. As of December 31, 2010, Anadarko had 29 gathering systems located throughout major onshore producing basins in Wyoming, Colorado, Utah, New Mexico, Kansas, Oklahoma, Pennsylvania and Texas. Western Gas Partners, LP (WES), a consolidated subsidiary of Anadarko, owns, operates, acquires and develops midstream assets.
Marketing activities
The Company’s marketing segment manages Anadarko’s natural gas, crude oil, condensate and NGLs sales. The Company’s sales of natural gas, crude oil, condensate and NGLs are made at the market prices for those products at the time of sale. The Company also purchases natural gas, crude oil, condensate and NGLs volumes from third parties, primarily near Anadarko’s production areas. The Company sells natural gas under a variety of contracts. The Company sells natural gas under a range of contracts and may also receive a service fee related to the level of reliability and service required by the customer. The Company controls natural gas firm transportation capacity and stores natural gas in contracted storage facilities. Anadarko’s crude oil, condensate and NGLs revenues are derived from production in the United States, Algeria, China and other international areas. The Company also purchases and sells third-party-produced crude oil, condensate and NGLs in the Company’s domestic and international market areas, as well as utilizes contracted NGLs storage facilities.
Later in 1993, Anadarko teamed up with Amoco and Phillips Petroleum in discovering a huge shallow-water oil field in the Gulf of Mexico. The field, called Mahogany, was thought to hold at least 100 million barrels of oil, 37.5 percent of which was owned by Anadarko. For fiscal 1993, Anadarko reported record-high net income of $117 million on revenue of $476 million. For the 12th consecutive year, the company more than matched its production volumes of oil and gas with new proved reserves. Anadarko increased its exploration activities in the Gulf in early 1994. In April, the company paid $98 million for 26 different Gulf properties in a Minerals Management Service lease sale, hoping to repeat the success of Mahogany. Like Mahogany, the properties were nearly all "sub-salt plays," or potential finds located under salt formations. Anadarko also announced further oil discoveries in the deserts of Algeria, and development of those properties was accelerated.
In the short period since its spinoff from Panhandle Eastern, Anadarko's rate of success at wildcat drilling was remarkable. Its wealth of natural gas reserves in the Hugoton Basin also gave the company a great deal of control over its production, a huge advantage in an industry susceptible to market fluctuations. Anadarko was expected to become an even larger force among independent energy companies, if its discoveries of oil and gas in the Gulf of Mexico and Algeria continued into the late 1990s.
New Opportunities at Home and Abroad: 1995-2002
Anadarko's Algerian operations began to reap significant dividends by 1995, when new discoveries increased the company's total reserves in the region to approximately one billion barrels. In addition to these proven reserves, the company's overall success rate in the country, where six of its nine wells had struck oil, made the prospect of future discoveries seem extremely promising. Although the company expected lingering political unrest in Algeria to hamper its operations to some extent, it still hoped to be producing in excess of 30,000 barrels of crude per day within a year after obtaining its exploitation license.
Buoyed by its success in North Africa, Anadarko began exploring other overseas opportunities during the mid-1990s, most notably in the Red Sea. In the fall of 1995 the company entered into a production agreement with the Energy Ministry in Eritrea, in East Africa. With an initial investment of $28.5 million, the company planned to utilize the same computer technology used to analyze salt structures in the Gulf of Mexico to explore similar deposits in the Red Sea, where Eritrea's offshore reserves were still largely untapped. The company expanded its international operations even further the following year, when it entered into an agreement with Perupetro, the state oil company of Peru, to begin preliminary exploration of the country's Ucayali Basin.
However, Anadarko's overseas expansion efforts hit a snag in the late 1990s, when a steep decline in oil and natural gas prices took a significant bite out of Anadarko's revenues. The company's earnings fell by nearly 80 percent for the first quarter of 1998, with overall sales declining by 14 percent. Seeking to salvage something from the drop in prices, Anadarko began to look into expansion opportunities closer to home. In March 1998, the company acquired several new oil fields in Oklahoma from the Occidental Petroleum Corporation. With the cost of reserves down to $6 a barrel, the company was able to make the acquisition for only $120 million, while the addition of these new operations doubled the company's oil reserves in the Anadarko Basin.
The company began to experience a turnaround in July 1998, when it uncovered a reserve of more than 140 million barrels of oil in the Gulf of Mexico. In addition to being Anadarko's largest discovery in nearly two decades, the success also granted some much needed legitimacy to the company's subsalt exploration technology, paving the way for future discoveries in the Gulf and in the Red Sea.
In order to sustain such ambitious expansion, however, the company needed to bolster its operations. To this end, in April 2000 Anadarko announced its intention to acquire the Union Pacific Resources Group. The deal, worth more than $4.4 billion, promised to make the combined entity the largest oil and gas company in North America. In February 2001, the company further increased its presence in the Canadian oil market with the acquisition of Berkley Petroleum in Alberta for $777 million. In July of that year the company also acquired Gulfstream Resources Canada for $137 million. The latter deal gave Anadarko three offshore drilling sites off the coast of Qatar, with proven reserves of more than 70 million barrels of oil. Perhaps most significantly, the deal represented Anadarko's first substantial foray into the Middle East.
Anadarko suffered a setback in January 2002, when an internal accounting error resulted in the announcement of a net loss of $1.35 billion for the third quarter of 2001, substantially higher than the previously expected loss of $270 million. However, the loss did not prevent the company from pursuing further opportunities for growth, and by October 2002, it was able to invest more than $200 million to acquire two substantial oil fields in Wyoming, a state where potential reserves were estimated to exceed 500 million barrels. With this latest acquisition, Anadarko's position as the largest independent oil producer in the United States seemed more secure than ever.
Principal Subsidiaries: RME Petroleum Company; RME Holding Company; Anadarko Canada Energy Ltd.; Anadarko Canada Corporation; RME Land Corp.; Anadarko Algeria Company, LLC.
Principal Competitors: BP p.l.c.; Burlington Resources, Inc.; Exxon Mobile Corporation.
OVERALL
Beta: 1.42
Market Cap (Mil.): $39,718.28
Shares Outstanding (Mil.): 503.15
Annual Dividend: 0.36
Yield (%): 0.46
FINANCIALS
APC.N Industry Sector
P/E (TTM): 51.15 14.19 12.01
EPS (TTM): 554.77 -- --
ROI: 1.78 4.10 3.96
ROE: 3.77 4.64 5.10
Key Dates:
1959: Anadarko Production Company is formed as a subsidiary of Panhandle Eastern Pipe Line Company.
1960: Anadarko enters into 20-year agreement with the Pioneer Natural Gas Company.
1965: The company acquires Ambassador Oil Corporation and moves its headquarters to Fort Worth, Texas.
1985: Anadarko Petroleum Corporation is formed as an independent company.
1993: Anadarko discovers oil in Algeria.
2000: Anadarko acquires Union Pacific Resources.
2001: Anadarko acquires Berkley Petroleum Corporation.
Statistics:
Public Company
Incorporated: 1959 as Anadarko Production Company
Employees: 3,500
Sales: $8.36 billion (2001)
Stock Exchanges: New York
Ticker Symbol: APC
NAIC: 211111 Crude Petroleum and Natural Gas Extraction; 213111 Drilling Oil & Gas Wells
Address:
1201 Lake Robbins Dr.
The Woodlands, Texas 77380-1046
U.S.A.