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Anadarko Petroleum Corp (APC.N)

APC.N on New York Stock Exchange

51.06USD
10 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Anadarko Announces Cash Tender Offer For Up To $500 Mln Aggregate Principal Amount Of Certain Of Its Outstanding Debt Securities
Tuesday, 27 Nov 2018 04:11pm EST 

Nov 27 (Reuters) - Anadarko Petroleum Corp ::ANADARKO ANNOUNCES CASH TENDER OFFER FOR UP TO $500 MILLION AGGREGATE PRINCIPAL AMOUNT OF CERTAIN OF ITS OUTSTANDING DEBT SECURITIES.ANADARKO PETROLEUM - COMMENCEMENT OF TENDER OFFER FOR UP TO $500 MILLION MAXIMUM TENDER AMOUNT OF ITS OUTSTANDING 3.45% NOTES DUE 2024.ANADARKO PETROLEUM - COMMENCEMENT OF TENDER OFFER FOR UP TO $500 MILLION MAXIMUM TENDER AMOUNT ALSO INCLUDES 4.85% NOTES DUE 2021 AND 5.55% NOTES DUE 2026.  Full Article

Anadarko Petroleum Corp Authorized $1 Bln Increase To Share-Repurchase Program
Thursday, 15 Nov 2018 04:10pm EST 

Nov 15 (Reuters) - Anadarko Petroleum Corp ::ANADARKO ANNOUNCES 2019 CAPITAL PROGRAM AND SALES-VOLUME GUIDANCE.ANADARKO PETROLEUM CORP - RAISES DIVIDEND AND INCREASES SHARE-REPURCHASE AND DEBT-REDUCTION PROGRAMS.ANADARKO PETROLEUM CORP - SEES 2019 CAPITAL INVESTMENT PROGRAM IS $4.3 TO $4.7 BILLION.Anadarko Petroleum Corp - Authorized A $1 Billion Increase To Its Share-Repurchase Program.ANADARKO PETROLEUM - AUTHORIZED 20-PERCENT INCREASE TO QUARTERLY DIVIDEND.ANADARKO PETROLEUM - 20-PERCENT INCREASE IN QUARTERLY DIVIDEND TO $0.30 PER SHARE.ANADARKO PETROLEUM CORP - ABOUT $1.6 BILLION ADJUSTED FREE CASH FLOW EXPECTED AT $60 WTI, $70 BRENT, AND $3 HH IN 2019.ANADARKO PETROLEUM CORP - PLANS TO INVEST APPROXIMATELY 70 PERCENT OF ITS 2019 CAPITAL IN U.S. ONSHORE.ANADARKO PETROLEUM - PLANS TO ALLOCATE ABOUT $200 MILLION TOWARD ITS INTERNATIONAL CASH-GENERATING OPERATIONS IN ALGERIA AND GHANA IN 2019.ANADARKO PETROLEUM CORP SEES 2018 TOTAL SALES-VOLUME EXPECTATION OF 240 MMBOE - 245 MMBOE.ANADARKO PETROLEUM - SEES 2019 TOTAL SALES-VOLUME OF 260 MMBOE - 270 MMBOE.ANADARKO PETROLEUM CORP SEES 2018 OIL SALES-VOLUME EXPECTATIONS OF 380 MBOPD- 389 MBOPD.ANADARKO PETROLEUM - SEES 2019 TOTAL OIL SALES-VOLUME OF 410 MBOPD - 435 MBOPD.  Full Article

Western Gas Partners Sees 2019 Adj. EBITDA Between $1.8 Bln And $1.9 Bln
Thursday, 8 Nov 2018 06:00am EST 

Nov 8 (Reuters) - Western Gas Partners ::WESTERN GAS ANNOUNCES SIMPLIFICATION TRANSACTION AND STRATEGIC ACQUISITION.WESTERN GAS PARTNERS LP - PROVIDES 2019 OUTLOOK.WESTERN GAS PARTNERS - DEAL EXPECTED TO BE ABOUT 10% TO 20% ACCRETIVE TO WES'S AND WGP'S ESTIMATED DISTRIBUTABLE CASH FLOW PER UNIT EACH YEAR FROM 2019 TO 2021.WESTERN GAS PARTNERS LP - UNDER TERMS OF AGREEMENT, PUBLIC UNITHOLDERS OF WES WILL RECEIVE 1.525 UNITS OF WGP PER WES UNIT OWNED.WESTERN GAS PARTNERS LP SEES 2019 ADJUSTED EBITDA BETWEEN $1.8 BILLION AND $1.9 BILLION.WESTERN GAS PARTNERS LP SEES 2019 TOTAL CAPITAL EXPENDITURES BETWEEN $1.3 BILLION AND $1.4 BILLION.WESTERN GAS - WES COMMON UNITS CURRENTLY OWNED BY ANADARKO WILL BE CONVERTED INTO WGP COMMON UNITS AT CLOSING AT SAME EXCHANGE RATIO.WESTERN GAS PARTNERS LP SEES 2019 TOTAL MAINTENANCE CAPITAL BETWEEN $110 MILLION AND $120 MILLION.WESTERN GAS PARTNERS LP - WES IDRS AND GENERAL PARTNER UNITS WILL BE EXCHANGED FOR NEWLY ISSUED WES COMMON UNITS.WESTERN GAS PARTNERS LP - SIMPLIFICATION TRANSACTION WILL NOT BE TAXABLE TO EITHER WES OR WGP UNITHOLDERS AND IS EXPECTED TO CLOSE IN Q1 OF 2019.WESTERN GAS PARTNERS - WGP EXPECTS WES'S UNITHOLDERS WILL GET 2019 FY DISTRIBUTION 1%-2% HIGHER THAN ESTIMATED 2018 FY DISTRIBUTION OF $3.83 PER UNIT.WESTERN GAS PARTNERS LP - WGP EXPECTS UNITHOLDERS TO GET 2019 FY DISTRIBUTION 6%-8% HIGHER THAN ESTIMATED 2018 FY DISTRIBUTION OF $2.36 PER UNIT.  Full Article

Anadarko Announces $4 Billion Midstream Asset Sale
Thursday, 8 Nov 2018 06:00am EST 

Nov 8 (Reuters) - Anadarko Petroleum Corp ::ANADARKO ANNOUNCES $4 BILLION MIDSTREAM ASSET SALE.ANADARKO PETROLEUM CORP - RESULTS IN EXPECTED 2019 CASH DISTRIBUTIONS PAID TO ANADARKO TOTALING MORE THAN $600 MILLION.ANADARKO PETROLEUM CORP - WGP WILL ACQUIRE ALL OF OUTSTANDING PUBLICLY HELD COMMON UNITS OF WES.ANADARKO PETROLEUM CORP - WGP WILL ACQUIRE SUBSTANTIALLY ALL OF WES COMMON UNITS OWNED BY ANADARKO IN A UNIT-FOR-UNIT, TAX-FREE EXCHANGE.ANADARKO PETROLEUM CORP - WES WILL SURVIVE AS A PARTNERSHIP WITH NO PUBLICLY TRADED EQUITY, OWNED 98 PERCENT BY WGP AND 2 PERCENT BY ANADARKO.ANADARKO PETROLEUM CORP - WES WILL REMAIN BORROWER FOR ALL EXISTING DEBT AND FUTURE ISSUANCES AND OWNER OF ALL OPERATING ASSETS AND EQUITY INVESTMENTS..ANADARKO PETROLEUM - MAINTAINS OPERATING CONTROL OF MLP, WITH ABOUT 55.5 PERCENT PRO-FORMA OWNERSHIP OF COMBINED ENTITY.ANADARKO PETROLEUM CORP - SALE IS EXPECTED TO CLOSE IN Q1 OF 2019.ANADARKO PETROLEUM CORP - TRANSACTION TO SELL SUBSTANTIALLY ALL OF ITS REMAINING MIDSTREAM ASSETS FOR $4.015 BILLION TO WESTERN GAS PARTNERS, LP.ANADARKO PETROLEUM CORP - DEAL CONSISTS OF $2.0075 BILLION CASH PROCEEDS, AND BALANCE TO BE PAID IN NEW WESTERN GAS EQUITY..ANADARKO PETROLEUM CORP - CONCURRENTLY WES ANNOUNCED IT HAS ENTERED INTO A MERGER AGREEMENT WITH WESTERN GAS EQUITY PARTNERS, LP.ANADARKO PETROLEUM CORP - SALE IS EXPECTED TO CLOSE IN Q1 OF 2019.ANADARKO PETROLEUM CORP - WES WILL ACQUIRE SUBSTANTIALLY ALL OF ANADARKO'S REMAINING MIDSTREAM ASSETS.  Full Article

Anadarko Q3 Earnings Per Share $0.72
Tuesday, 30 Oct 2018 04:10pm EDT 

Oct 30 (Reuters) - Anadarko Petroleum Corp ::ANADARKO ANNOUNCES 2018 THIRD-QUARTER RESULTS.Q3 EARNINGS PER SHARE $0.72.Q3 EARNINGS PER SHARE VIEW $0.84 -- THOMSON REUTERS I/B/E/S.GENERATED APPROXIMATELY $1.65 BILLION OF CASH FLOW FROM OPERATIONS DURING QUARTER.QTRLY TOTAL REVENUE $3,697 MILLION VERSUS $2,496 MILLION REPORTED LAST YEAR.ANADARKO PETROLEUM - Q3 SALES VOLUMES OF OIL, NATURAL GAS & NGLS TOTALED 63 MILLION BARRELS OF OIL EQUIVALENT (BOE), OR AVERAGE OF 682,000 BOE PER DAY.Q3 REVENUE VIEW $3.48 BILLION -- THOMSON REUTERS I/B/E/S.ANADARKO PETROLEUM - CONTINUE TO HAVE A HIGH DEGREE OF CONFIDENCE IN OUR ABILITY TO DELIVER DOUBLE-DIGIT OIL GROWTH IN A $50 OIL-PRICE ENVIRONMENT.QTRLY ADJUSTED. EARNINGS PER SHARE $0.82.SEES FY TOTAL SALES VOLUME 658 - 671 MBOE/D.ANADARKO PETROLEUM - EXPECTS TO COMPLETE REMAINING $500 MILLION SHARE REPURCHASES BY MID-2019, RETIRE ADDITIONAL $1.4 BILLION OF DEBT, SENIOR NOTES DUE 2019.SEES FY APC CAPITAL EXPENDITURES $4,500 MILLION - $4,800 MILLION.  Full Article

Anadarko Shuts Production at Gulf Of Mexico Platforms Due To Hurricane Michael
Monday, 8 Oct 2018 05:35pm EDT 

Oct 8 (Reuters) - ANADARKO PETROLEUM CORP : :SAYS HAS REMOVED ALL PERSONNEL, SHUT IN PRODUCTION AT ITS HORN MOUNTAIN AND MARLIN PLATFORMS IN GULF OF MEXICO DUE TO HURRICANE MICHAEL.SAYS ALL OTHER ANADARKO OPERATED AND PRODUCING PLATFORMS REMAIN ON PRODUCTION.  Full Article

Anadarko Reports Q2 Earnings Per Share $0.05
Tuesday, 31 Jul 2018 04:10pm EDT 

July 31 (Reuters) - Anadarko Petroleum Corp ::ANADARKO ANNOUNCES 2018 SECOND-QUARTER RESULTS.Q2 EARNINGS PER SHARE $0.05.Q2 EARNINGS PER SHARE VIEW $0.56 -- THOMSON REUTERS I/B/E/S.Q2 SALES VOLUMES OF OIL, NATURAL GAS AND NATURAL GAS LIQUIDS TOTALED 58 MILLION BOE, OR AN AVERAGE OF 637,000 BOE PER DAY.INCREASING ANTICIPATED FULL-YEAR CAPITAL-INVESTMENT EXPECTATIONS BY $250 MILLION FROM PREVIOUS GUIDANCE.QTRLY TOTAL REVENUE $3,291 MILLION VERSUS $ 2,716 MILLION.SEES Q3 TOTAL SALES VOLUMES OF 60 MMBOE TO 65 MMBOE.SEES FY TOTAL SALES VOLUMES IN RANGE OF 240 MMBOE -250 MMBOE.SEES Q3 APC CAPITAL EXPENDITURES OF $1,050 MILLION TO $1,250 MILLION.SEES FY APC CAPITAL EXPENDITURES $4500 MILLION - $4800 MILLION.Q2 REVENUE VIEW $3.07 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Anadarko Increases Share-Repurchase Program By $1 Bln
Monday, 9 Jul 2018 07:30am EDT 

July 9 (Reuters) - Anadarko Petroleum Corp ::ANADARKO INCREASES SHARE-REPURCHASE PROGRAM BY $1.0 BILLION AND ANNOUNCES ADDITIONAL $500 MILLION OF DEBT REDUCTION.ANADARKO PETROLEUM CORP - BOARD HAS AUTHORIZED AN EXPANSION OF COMPANY'S SHARE-REPURCHASE PROGRAM TO $4.0 BILLION, REPRESENTING A $1.0 BILLION INCREASE.ANADARKO PETROLEUM CORP - BOARD AUTHORIZATION OF CO'S SHARE-REPURCHASE PROGRAM EXTENDS THROUGH END OF JUNE 2019.  Full Article

Anadarko And Western Gas Announce Settlement Of Tangible Equity Units
Thursday, 7 Jun 2018 08:00am EDT 

June 7 (Reuters) - Anadarko Petroleum Corp ::ANADARKO AND WESTERN GAS ANNOUNCE SETTLEMENT OF TANGIBLE EQUITY UNITS.SETTLEMENT OF 9.2 MILLION OUTSTANDING TANGIBLE EQUITY UNITS.WGP UNITS DELIVERED TO SETTLE TEUS WERE OWNED BY A WHOLLY OWNED SUBSIDIARY OF ANADARKO.  Full Article

McDermott Awarded Subsea Umbilical And Flowline Installation Contract For The Lucius Field
Wednesday, 9 May 2018 07:30am EDT 

May 9 (Reuters) - McDermott International Inc ::MCDERMOTT AWARDED SUBSEA UMBILICAL AND FLOWLINE INSTALLATION CONTRACT FOR THE LUCIUS FIELD.MCDERMOTT INTERNATIONAL INC - CONTRACT AWARD WILL BE REFLECTED IN MCDERMOTT'S Q2 2018 BACKLOG.MCDERMOTT INTERNATIONAL - ANNOUNCED CONTRACT AWARD FROM ANADARKO PETROLEUM FOR SUBSEA UMBILICAL AND FLOWLINE INSTALLATION.  Full Article

Anadarko to sell pipeline, storage assets for $4 billion

Oil and gas producer Anadarko Petroleum Corp said on Thursday it would sell nearly all of its midstream assets, including pipelines, to its master limited partnership Western Gas Partners for $4.02 billion.