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Anadarko Petroleum Corp (APC.N)

APC.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

W&T Offshore Was Successful Bidder To Acquire An Interest In The Heidelberg Field In The Gulf Of Mexico
Monday, 12 Mar 2018 06:30am EDT 

March 12 (Reuters) - W&T Offshore Inc ::W&T OFFSHORE WAS SUCCESSFUL BIDDER TO ACQUIRE AN INTEREST IN THE HEIDELBERG FIELD IN THE GULF OF MEXICO.W&T OFFSHORE INC - ‍W&T'S BID WAS FOR $31.1 MILLION CASH​.W&T OFFSHORE - SUCCESSFUL BID COVERS ALL OF COBALT'S INTEREST IN HEIDELBERG FIELD, INCLUDING 9.375% WORKING INTEREST IN EACH OF GREEN CANYON 859, 903, 904.W&T OFFSHORE INC - HEIDELBERG FIELD IS OPERATED BY ANADARKO PETROLEUM CORPORATION.W&T OFFSHORE - ‍SUCCESSFUL BID COVERS OF COBALT'S INTEREST IN HEIDELBERG FIELD, INCLUDING 9.375% WORKING INTEREST IN EACH OF GREEN CANYON 859, 903, AND 904​.W&T OFFSHORE - FEB'S GROSS PRODUCTION FROM HEIDELBERG FIELD WAS 33,513 BARRELS OF OIL PER DAY AND 16,705 MCF PER DAY OR 36,300 BOE PER DAY.W&T OFFSHORE - COBALT INTERNATIONAL'S FEB PRODUCTION FROM HEIDELBERG FIELD, NET TO ITS INTEREST, WAS 2,749 BARRELS OF OIL PER DAY & 1.4 MMCF PER DAY.W&T OFFSHORE INC SAYS "TRANSACTION MEETS AN ADDITIONAL OBJECTIVE OF BEING ACCRETIVE TO W&T ON A FLOWING BARREL OF PRODUCTION".  Full Article

Anadarko Announces Mozambique LNG Sale And Purchase Agreement
Tuesday, 20 Feb 2018 02:00am EST 

Feb 20 (Reuters) - Anadarko Petroleum Corp ::ANADARKO ANNOUNCES MOZAMBIQUE LNG SALE AND PURCHASE AGREEMENT.MOZAMBIQUE LNG1 COMPANY, JOINTLY OWNED SALES ENTITY OF MOZAMBIQUE AREA 1 CO-VENTURERS,ENTERED INTO LNG SALE AGREEMENT WITH ÉLECTRICITÉ DE FRANCE.  Full Article

Anadarko Petroleum CEO Says More Dividend Increases, Buybacks Likely
Wednesday, 7 Feb 2018 09:53am EST 

Feb 7 (Reuters) - Anadarko Petroleum Corp ::CHIEF EXECUTIVE AL WALKER SAYS WILL GENERATE 'SIGNIFICANT CASH FLOW' AT TODAY'S OIL PRICE STRIP 0#CLCAL:.CEO DOES NOT EXPECT TO 'MATERIALLY CHANGE' INVESTMENT PLANS SHOULD OIL PRICES RISE HIGHER.CEO SAYS TAKING A 'CONSERVATIVE VIEW' FOR WHEN ENCHILADA PLATFORM IN U.S. GULF OF MEXICO COMES BACK ONLINE.SAYS HAS 'DECADES OF HIGH QUALITY INVENTORY' IN U.S. SHALE PORTFOLIO.SAYS PLANS TO RUN 12 RIGS AND 9 FRACKING CREWS IN U.S. SHALE PORTFOLIO IN 2018.SAYS MOZAMBIQUE LNG SHOULD DELIVER FIRST CARGO FIVE YEARS AFTER FINAL INVESTMENT DECISION.SAYS EXPECTS U.S. GULF OF MEXICO PRODUCTION TO BE FLAT OVER NEXT 3 YEARS WITH FREE CASH FLOW EXCEEDING $4 BILLION AT $60 OIL PRICE.SAYS ALGERIA AND GHANA OPERATIONS CONTINUE TO DELIVER FREE CASH FLOW OF MORE THAN $1 BILLION AT $60 OIL PRICE.CEO: 'WE WILL BE LOOKING FOR MORE OPPORTUNITIES TO RETURN CASH TO SHAREHOLDERS'.CEO SAYS WEDNESDAY'S DIVIDEND INCREASE WAS ATTEMPT TO RETURN DIVIDEND YIELD TO PEER GROUP LEVELS.CEO SAYS MARKET SHOULD EXPECT DIVIDEND INCREASES AND BUYBACKS MOVING FORWARD.CEO SAYS DOESN'T SEE ADVANTAGE OF SPLITTING UP PORTFOLIO BETWEEN UNITED STATES, INTERNATIONAL.  Full Article

Anadarko Increases Dividend Fivefold And Expands Share-Repurchase Program
Wednesday, 7 Feb 2018 06:45am EST 

Feb 7 (Reuters) - Anadarko Petroleum Corp ::ANADARKO INCREASES DIVIDEND FIVEFOLD AND EXPANDS SHARE-REPURCHASE PROGRAM.ANADARKO PETROLEUM CORP - ‍AUTHORIZED A $500-MILLION INCREASE TO ANADARKO'S PREVIOUSLY ANNOUNCED $2.5 BILLION SHARE-REPURCHASE PROGRAM​.ANADARKO PETROLEUM- ‍QUARTERLY CASH DIVIDEND ON COMPANY'S COMMON STOCK OF 25 CENTS PER SHARE, AN INCREASE OF 20 CENTS PER SHARE VERSUS PREVIOUS QUARTER​.ANADARKO PETROLEUM CORP - ‍INTENDS TO REDUCE OUTSTANDING INDEBTEDNESS BY MORE THAN $1 BILLION BY RETIRING 2018 AND 2019 DEBT MATURITIES AT PAR​.ANADARKO PETROLEUM CORP - ‍SHARE-REPURCHASE AUTHORIZATION EXTENDS THROUGH END OF 2018​.  Full Article

Anadarko Announces Qtrly Adjusted Earnings Per Share $0.18
Tuesday, 6 Feb 2018 04:20pm EST 

Feb 6 (Reuters) - Anadarko Petroleum Corp ::ANADARKO ANNOUNCES 2017 FOURTH-QUARTER AND FULL-YEAR RESULTS.UPDATES 2018 CAPITAL PROGRAM AND SALES-VOLUME GUIDANCE.QTRLY TOTAL REVENUE $‍2,929​ MILLION VERSUS $2,387 MILLION REPORTED LAST YEAR.ANADARKO PETROLEUM - ‍CO EXPECTS FY CAPITAL INVESTMENTS IN RANGE OF $4.1 TO $4.5 BILLION, NOT INCLUDING CAPITAL INVESTMENTS MADE BY WESTERN GAS PARTNERS​.QTRLY ‍NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $1.80​ PER SHARE.‍CO EXPECTS FY TOTAL SALES VOLUME OF 238 MILLION BOE - 248 MILLION BOE ​.QTRLY ADJUSTED EARNINGS PER SHARE $0.18.CO EXPECTS FY OIL SALES VOLUME OF ‍370,000 BOPD - 390,000 BOPD ​.ANADARKO PETROLEUM - CO ENDED 2017 WITH $4.6 BILLION OF CASH ON HAND AND CLOSED ASSET DIVESTITURES TOTALING MORE THAN $4.0 BILLION DURING THE YEAR.‍FOURTH-QUARTER 2017 SALES VOLUMES OF OIL, NATURAL GAS AND NGLS AVERAGED APPROXIMATELY 637,000 BOE PER DAY​.  Full Article

ConocoPhillips Q4 Earnings Per Share $1.32
Thursday, 1 Feb 2018 07:00am EST 

Feb 1 (Reuters) - ConocoPhillips ::REPORTS FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS; INCREASES QUARTERLY DIVIDEND BY 7.5 PERCENT AND PLANNED 2018 SHARE REPURCHASES TO $2 BILLION; ANNOUNCES PRELIMINARY 2017 YEAR-END RESERVES AND BOLT-ON TRANSACTION IN ALASKA.Q4 ADJUSTED EARNINGS PER SHARE $0.45 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $1.32.FULL-YEAR 2018 PRODUCTION IS EXPECTED TO BE 1,195 TO 1,235 MBOED.GUIDANCE FOR 2018 PRODUCTION AND OPERATING EXPENSES AND 2018 ADJUSTED OPERATING COST IS $5.7 BILLION..‍BOARD APPROVED A 7.5 PERCENT INCREASE TO QUARTERLY DIVIDEND, FROM 26.5 CENTS TO 28.5 CENTS PER SHARE​.COMPANY'S 2018 GUIDANCE FOR CAPITAL EXPENDITURES IS $5.5 BILLION.PRODUCTION EXCLUDING LIBYA FOR Q4 OF 2017 WAS 1,219 MBOED, A DECREASE OF 368 MBOED COMPARED WITH SAME PERIOD A YEAR AGO.FIRST-QUARTER 2018 PRODUCTION IS EXPECTED TO BE 1,180 TO 1,220 MBOED.PRODUCTION GUIDANCE FOR 2018 EXCLUDES LIBYA..QTRLY TOTAL REALIZED PRICE WAS $46.10 PER BOE, COMPARED WITH $32.93 PER BOE IN Q4 OF 2016.‍SIGNED AGREEMENT WITH ANADARKO PETROLEUM TO ACQUIRE 22 PERCENT NONOPERATED INTEREST IN WESTERN NORTH SLOPE OF ALASKA, IN ALPINE PIPELINE.DEAL WITH ANADARKO IS FOR $400 MILLION IN CASH, BEFORE CUSTOMARY ADJUSTMENTS​.‍IN 2017, GROSS DAILY PRODUCTION FROM ASSETS ACQUIRED UNDER ANADARKO DEAL WAS 63 THOUSAND BOE PER DAY​.WILL ALSO HAVE 100 PERCENT INTEREST IN ABOUT 1.2 MILLION ACRES OF EXPLORATION AND DEVELOPMENT LANDS​ UNDER ANADARKO DEAL.  Full Article

Anadarko Petroleum Says Entered Into Third Amendment And Maturity Extension Agreement
Tuesday, 16 Jan 2018 05:57pm EST 

Jan 16 (Reuters) - Anadarko Petroleum Corp ::ANADARKO PETROLEUM CORP - ‍ON JAN. 12, CO ENTERED INTO A THIRD AMENDMENT AND MATURITY EXTENSION AGREEMENT, WITH JPMORGAN CHASE BANK, N.A - SEC FILING​.ANADARKO PETROLEUM CORP - ‍FIVE-YEAR CREDIT AGREEMENT AMENDMENT AMENDS THAT CERTAIN REVOLVING CREDIT AGREEMENT DATED AS OF JUNE 17, 2014​.ANADARKO PETROLEUM CORP - ‍FIVE-YEAR CREDIT AGREEMENT AMENDMENT EXTENDS MATURITY DATE FROM JANUARY 23, 2021 TO JAN. 23, 2022​.ANADARKO PETROLEUM CORP - ‍ALSO ON JANUARY 12, 2018, ANADARKO ENTERED INTO A SECOND AMENDMENT TO 364-DAY REVOLVING CREDIT AGREEMENT​.ANADARKO PETROLEUM CORP - ‍364-DAY CREDIT AGREEMENT AMENDMENT EXTENDS MATURITY DATE FROM JAN. 12, 2018 TO JAN. 11, 2019​.  Full Article

Western Gas Partners Extends Commodity Price Swap Agreements With Anadarko Petroleum
Wednesday, 20 Dec 2017 04:33pm EST 

Dec 20 (Reuters) - Anadarko Petroleum Corp ::WESTERN GAS PARTNERS - EXTENDED COMMODITY PRICE SWAP AGREEMENTS WITH ANADARKO PETROLEUM FOR DJ BASIN COMPLEX & MGR ASSETS THROUGH DEC 31, 2018.WESTERN GAS PARTNERS SAYS ON DEC 15, CO'S UNIT & ANADARKO'S UNIT ENTERED INTO AMENDMENT TO THEIR WATTENBERG GAS GATHERING AGREEMENT - SEC FILING.WESTERN GAS PARTNERS - WATTENBERG AGREEMENT AMENDMENT PROVIDES FOR $0.16/MMBTU INCREASE IN GATHERING FEE THROUGH END OF CONTRACT TERM IN DEC 2027.  Full Article

Anadarko Announces Open Season For West Texas Oil Gathering And Treating System
Wednesday, 13 Dec 2017 08:30am EST 

Dec 13 (Reuters) - Anadarko Petroleum Corp ::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 TO HAVE TREATING CAPACITY OF 120,000 BOPD BY 2018-END, INCREASING TO 180,000 BOPD IN 2019.ANADARKO PETROLEUM CORP - BINDING OPEN SEASON BEGINS ON WEDNESDAY AND ENDS ON DEC. 28, 2017.  Full Article

Anadarko announces 2018 capital program and sales-volume guidance
Thursday, 16 Nov 2017 07:30am EST 

Nov 16 (Reuters) - Anadarko Petroleum Corp ::Announces 2018 capital program and sales-volume guidance.In 2018, company expects to make capital investments in range of $4.2 to $4.6 billion​​.In 2018, Anadarko plans to allocate approximately $900 million toward upstream activities in Delaware Basin of West Texas​.In 2018, Anadarko plans to allocate additional $500 million directed toward Anadarko Midstream Investments​.During 2018, company plans to average seven operated rigs and six completion crews​.In 2018, Anadarko expects to allocate approximately $1.1 billion toward its Deepwater Gulf of Mexico operations​.Company's exploration investments in 2018 are expected to total about $200 million​.Approximately $150 million is expected to be invested during 2018 as company advances Mozambique LNG project​.Plan to execute remaining $1.5 billion of $2.5 billion share-repurchase program during coming year​.Also modifying metrics in 2018 compensation program​.2018 total sales-volume expectations of 245 MMboe to 255​ MMboe.Sees 2017​ ‍total sales-volume to be 224 MMboe to 228 MMboe.It also plans to average five operated rigs and three completions crews in DJ Basin of Northeast Colorado in 2018​.Plans to operate two floating drillships and spud approximately five development wells in Gulf during 2018.  Full Article

UPDATE 2-Centrica, Tokyo Gas break mould in Mozambique LNG deal

LONDON/TOKYO, June 15 Britain's Centrica and Japan's Tokyo Gas aim to buy liquefied natural gas (LNG) from Anadarko Petroleum's $20 billion project in Mozambique, the first joint procurement deal designed to defuse risks facing the buyers in their respective markets.