Anadarko Petroleum Corporation – Company Information

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Anadarko Petroleum Corporation is a multinational American oil and gas company, based in The Woodlands, Texas, USA.

The company is one of the world’s leading oil and gas exploration production corporations, with more than 2.79 billion barrels of oil equivalent (BBOE) proved reserves at year-end 2013.

It is one of the largest independent producers in the deepwater Gulf of Mexico.

Its mission is “to deliver a competitive and sustainable rate of return to shareholders by developing, acquiring, and exploring for oil and natural-gas resources vital to the world’s health and welfare.”

Anadarko Petroleum has oil/natural-gas exploration and production activities onshore in the Rocky Mountains area, the southern United States, the Appalachian basin, and Alaska – U.S. operations accounted for 89% of total sales volumes during 2013.

The company also has international exploration operations in: Brazil, Algeria, Mozambique, Colombia, Liberia, Kenya, Ghana, Côte d’Ivoire, New Zealand, and other countries.

Anadarko Petroleum is comprised of three major business segments:

Oil and gas exploration and production – explores for and produces crude oil, natural gas, natural gas liquids (NGLs), and condensate.

Midstream – gathers, processes, treats, and transports natural-gas, oil, and NGLs products.

Marketing – this segment focuses on selling Anadarko’s products.

Anadarko was created as an independent corporation after being spun off from Panhandle Eastern in 1986. It is currently publicly listed on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘APC’.

Overview

Anadarka Petroleum Corporation logo

  • Chairman, President and CEO: R. A. Walker
  • CFO: Robert G. Gwin
  • Industry: Oil/Gas
  • Type: Public company
  • Listed on New York Stock Exchange (NYSE)
  • NYSE stock symbol: APC
  • S&P 500 Component
  • Founded 1959
  • Revenue: $18.470 billion USD (2014)
  • Net income: $(1,563) million USD (2014)
  • Earnings per share: $(3.47) USD (2014)
  • Corporate head office: 1201 Lake Robbins Drive, The Woodlands, Texas 77380, USA
  • Employees: 6100 (2014)
  • Website: http://www.anadarko.com/
  • Investor relations number: 832-636-2306

Anadarko Petroleum Corporation Financial Results, Years Ended December 31

Revenues (in $ millions) 2014 2013
Natural-gas sales $3,849 $3,388
Oil and condensate sales $9,748 $9,178
Natural-gas liquids sales $1,572 $1,262
Gathering, processing, and marketing sales $1,206 $1,039
Gains (losses) on divestitures and other, net $2,095 $(286)
– Total revenue $18,470 $14,581
Expenses (in $ millions)
Oil and gas operating $1,171 $1,092
Oil and gas transportation and other $1,184 $1,022
Exploration $1,639 $1,329
Gathering, processing, and marketing $1,030 $869
General and administrative $1,316 $1,090
Depreciation, depletion, and amortization $4,550 $3,927
Other taxes $1,244 $1,077
Impairments $836 $794
Algeria exceptional profits tax settlement $   – $33
Deepwater Horizon settlement and related costs $97 $15
– Total expenses $13,067 $11,248
Income Data (in $ millions)
Operating income $5,403 $3,333
Income before income taxes $54 $2,106
Income tax expense $1,617 $1,165
Net income $(1,563) $941
Net income attributable to non-controlling interests $187 $140
Net income attributable to common stockholders $(1,750) $801
Balance sheet data (in $ millions)
Total assets $61,689 $55,781
Long-term debt $15,092 $13,065
Total stockholders’ equity $19,725 $21,857
Total equity $22,318 $23,650
Common share data (in $)
Basic earnings (loss) per common share $(3.47) $1.58
Diluted earnings (loss) per common share $(3.47) $1.58
Cash flow data (in $ millions)
Net cash provided by operating activities $8,466 $8,888
Net cash used in investing activities $(6,472) $(8,216)
Net cash provided by (used in) financing activities $1,675 $623
Cash and cash beginning at end of year $3,698 $2,471
Cash and cash equivalents at end of year $7,369 $3,698

Source: “Anadarko Petroleum Corporation Form 10-K 2014”


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