Anadarko Petroleum Net Worth is11.8 12-Month Sales Growth (%)
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Company Name: Anadarko Petroleum Corporation
Company Type: Public company , S&P 500
Traded As: APC
Foundation: 1959
Location: Anadarko Tower, The Woodlands, Texas, Texas, United States
Key People: James T. Hackett,
Industry: List of petroleum companies
Products: Petrochemical products
Revenue: {{increase United States dollar 10.984 billion (2010) Operating Income: net income
Assets: equity
Num Employees: 4,400 (December 2010) Homepage: [http://www.anadarko.com/ Anadarko.com]
Anadarko Petroleum Corporation (NYSE: APC) is one of the worlda??s largest publicly traded 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 4,700. The company is headquartered in The Woodlands, SPD Montgomery County, Texas.
Anadarko, historically a subsidiary of Panhandle Eastern Corporation (which existed from 1928 to 1993; Panhandle Eastern has since been acquired by Southern Union Company), was formed in 1959 after the discovery of large amounts of natural gas in the Anadarko Basin (the basin comprises the Texas and Oklahoma panhandles, and southwest Kansas), thus the company's name. Anadarko spun off from Panhandle Eastern as an independent corporation in 1986 and now has activities in more than a dozen countries. The United States, deepwater Gulf of Mexico and Algeria represent the majority of the company's proved reserves and production; U.S. onshore accounts for about 60%.
Anadarko had 25 percent working interest in the Macondo Prospect, which was operated by BP and its finances were affected by the Deepwater Horizon oil spill.
BP has billed Anadarko more than $272 million for its share of cleanup and response costs in the Gulf, according to a bill that was sent by BP and obtained by TPMMuckraker. Anadarko publicly suggested that it will not pay for costs associated with the oil disaster, claiming in a statement that BP was guilty of gross negligence or willful misconduct. Under the joint operating agreement, Anadarko must pay its portion of costs related to any incidenta??unless that incident was caused by its partner's gross negligence or willful misconduct.
In what was seen as possibly a precursor to Anadarko's own course, in May 2011 MOEX Offshore agreed to pay US$1.07 billion to settle BP claims against it over the accident. MOEX owned a 10% stake in the w

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Anadarko Petroleum Latest News

Another leadership change for Anadarko in Colorado

There’s been another change at the top of the Colorado operations division for Anadarko Petroleum Corp., one of the largest oil and gas companies working in Colorado. Craig Walters had been Anadarko's top Denver-based executive for operations and held ...
Posted: December 11, 2017, 2:48 am

BRIEF-Anadarko Announces Open Season For West Texas Oil Gathering And Treating System

ANADARKO - DBM OIL SERVICES SYSTEM EXPECTED TO HAVE GATHERING CAPACITY OF ABOUT 400,000 BOEPD BY 2018-END * ANADARKO PETROLEUM CORP - DBM OIL SERVICES, LLC EXPECTS INITIAL PHASE OF SYSTEM TO BE OPERATIONAL IN Q2 OF 2018 * ANADARKO - DBMOS SYSTEM EXPECTED ...
Posted: December 13, 2017, 6:41 am

Anadarko Announces Open Season For West Texas Oil Gathering And Treating System

HOUSTON, Dec. 13, 2017 /PRNewswire/ -- Anadarko Petroleum Corporation (APC) today announced its wholly owned subsidiary, DBM Oil Services, LLC (DBMOS), is holding a binding open season to identify interest in a new high-vapor-pressure oil-gathering and ...
Posted: December 13, 2017, 5:57 am
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