Key Developments: Anadarko Petroleum Corp (APC)
91.37USD
21 May 2013
$0.14 (+0.15%)
$90.03
$91.10
$91.95
$90.23
2,748,215
3,408,994
$92.18
$56.42
Latest Key Developments (Source: Significant Developments)
Anadarko Petroleum Corp Declares Dividend
Anadarko Petroleum Corp announced that it has declared a quarterly cash dividend on the Company's common stock of 9 cents per share, payable June 26, 2013 to stockholders of record at the close of business on June 12, 2013. Full Article
Anadarko Petroleum Corp Has Talked With Exxon Mobil Corp, Royal Dutch Shell PLC About Mozambique Gas Stake-DJ
Dow Jones reported that Anadarko Petroleum Corp has held early-stage talks with energy companies Exxon Mobil Corp and Royal Dutch Shell PLC about selling a share of the U.S. oil firm's massive natural gas discoveries off the coast of Mozambique. The discovery of trillions of cubic feet of natural gas offshore Mozambique by Anadarko and Italy's Eni SpA has piqued the interest of some of energy companies, which are keen to get a foothold in an area well placed to serve energy-hungry Asian export markets. Anadarko, an oil and gas exploration company based outside Houston, has said it wants to sell up to 10% of its share of the energy trove. Full Article
Anadarko Petroleum Corp Announces Appointment of Bruce W. Busmire as Chief Financial Officer
Anadarko Petroleum Corp announced the appointment of Bruce W. Busmire as Executive Vice President and Chief Financial Officer. Full Article
Anadarko Petroleum Corp Appoints Al Walker As Chairman
Anadarko Petroleum Corp announced that Al Walker has been elected Chairman of the Board, effective at the end of Anadarko's Annual Meeting of Stockholders on May 14, 2013. He also will continue to serve as President and CEO. Full Article
Anadarko Petroleum Corp Declares Dividend
Anadarko Petroleum Corp announced that it has declared a quarterly cash dividend on the Company's common stock of 9 cents per share, payable March 27, 2013 to stockholders of record at the close of business on March 13, 2013. Full Article
Anadarko Petroleum Corp Revises FY 2012 Production Guidance-Conference Call
Anadarko Petroleum Corp announced that for fiscal 2012, it has raised guidance several times this year. There are about 8 million barrels above original guidance on production, 265 million to 267 million barrels now; again, 8 million barrels above the midpoint of the original guidance. Full Article
Anadarko Petroleum Corp Declares Dividend
Anadarko Petroleum Corp announced that it has declared a quarterly cash dividend on the Company's common stock of 9 cents per share, payable Dec. 26, 2012 to stockholders of record at the close of business on Dec. 12, 2012. Full Article
Anadarko Petroleum Corp. Declares Dividend
Anadarko Petroleum Corp. announced that it has declared a quarterly cash dividend on the company's common stock of $0.09 per share, payable September. 26, 2012 to stockholders of record at the close of business on September. 12, 2012. Full Article
Western Gas Partners LP Acquires Chipeta Processing LLC From Anadarko Petroleum Corporation
Western Gas Partners LP announced that it has acquired an additional 24% membership interest in Chipeta Processing LLC (Chipeta) from Anadarko Petroleum Corporation for total consideration of $135 million. As a result of the acquisition, the Partnership owns a 75% membership interest in Chipeta, while a third party retains a 25% membership interest. The Partnership financed the acquisition with $128.3 million of cash on hand, and the issuance of 151,235 common units to Anadarko and 3,086 general partner units to Western Gas Holdings, LLC, the Partnership's general partner, at an implied price of approximately $43.74 per unit. The transaction will be immediately accretive to the Partnership, with the acquisition price representing an approximate 7.9 times multiple of the assets’ forecasted 2013 earnings before interest, taxes, depreciation and amortization. The acquisition closed on August 1, 2012, with the Partnership receiving distributions from Chipeta’s operations (related to the additional interest) beginning July 1, 2012. . Full Article
Anadarko Petroleum Corp. And Tronox Incorporated Trial Halted For Settlement Talks-Reuters
Reuters reported that a trial between oil and gas producer Anadarko Petroleum Corp. and paint materials company Tronox Incorporated has been adjourned for one week so the two companies can try to hammer out a settlement of their $25 billion dispute, according to a court filing. The trial will now resume on July 24, according to the judge's ruling. The two companies are locked in a battle in New York bankruptcy court over environmental liabilities related to the spinoff of Tronox from Kerr-McGee Corp, which was purchased by Anadarko. Tronox, which filed for bankruptcy in 2009, makes titanium dioxide used in paints and has argued its spinoff was fraudulent because of environmental liabilities that made the company insolvent. It has said Anadarko should pay for environmental clean-up at more than 2,000 polluted sites in the United States. It is seeking $15 billion in assets and $10 billion in interest payments from Anadarko. Tronox emerged from bankruptcy in February 2011 after a battle among creditors over payouts, and new Tronox shares now trade on the New York Stock Exchange. The litigation trust, which has been joined by U.S. Department of Justice and the Environmental Protection Agency in the case, represents current and future claimants against the estate for environmental and other liabilities, including more than 8,000 tort claims. Full Article
Chesapeake Energy hires Anadarko executive as CEO
- Chesapeake Energy Corp on Monday named a top executive at rival Anadarko Petroleum Corp to head the No. 2 U.S. natural gas producer, which has suffered a governance crisis and liquidity crunch over the last year.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
