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
- 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”