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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)

Occidental Bid For Anadarko Reached Mid-$70S Per Share Before Chevron Deal Disrupted Talks- CNBC
Monday, 15 Apr 2019 09:48am EDT 

April 15 (Reuters) - :OCCIDENTAL BID FOR ANADARKO REACHED MID-$70S PER SHARE BEFORE CHEVRON DEAL DISRUPTED TALKS- CNBC.  Full Article

Chevron Says Its Strong Balance Sheet Means Anadarko Acquisition Will Not Sacrifice Shareholder Returns
Friday, 12 Apr 2019 07:15am EDT 

April 12 (Reuters) - Chevron Corp ::CHEVRON ON ANADARKO DEAL - "STRONG BALANCE SHEET" ENABLES CO TO MAKE ACQUISITION WITHOUT SACRIFICING SHAREHOLDER RETURNS.CHEVRON ON ANADARKO DEAL - "STRONG BALANCE SHEET" ENABLES CO TO MAKE ACQUISITION WITHOUT SACRIFICING ABILITY TO CAPTURE FUTURE OPPORTUNITIES.CHEVRON ON ANADARKO DEAL - INTEGRATION TEAM WILL BE LED BY JOE GEAGEA AND BOB GWIN, CURRENT PRESIDENT OF ANADARKO..CHEVRON ON POTENTIAL IMPACT OF DEAL ON JOBS AND CLOSING/OPENING OFFICES - "WE EXPECT THERE WILL BE CHANGES, BUT IT IS TOO EARLY TO KNOW SPECIFICS".CHEVRON ON ANADARKO DEAL - "CHEVRON’S STRATEGIC PRIORITIES REMAIN UNCHANGED".CHEVRON SAYS EXPECT TO ACHIEVE CURRENT ASSET SALE TARGET BY THE END OF THIS YEAR.  Full Article

Chevron To Buy Anadarko For $33 Billion
Friday, 12 Apr 2019 06:00am EDT 

April 12 (Reuters) - Chevron Corp ::CHEVRON ANNOUNCES AGREEMENT TO ACQUIRE ANADARKO.CHEVRON CORP - TRANSACTION VALUED AT $33 BILLION.CHEVRON CORP - PROPOSED DEAL FOR $65 PER SHARE.CHEVRON CORP - TOTAL ENTERPRISE VALUE OF TRANSACTION IS $50 BILLION..CHEVRON CORP - DEAL ACCRETIVE TO FREE CASH FLOW AND EARNINGS ONE YEAR AFTER CLOSE.CHEVRON CORP - SHARE REPURCHASE ANNUAL TARGET INCREASES BY 25 PERCENT TO $5 BILLION.CHEVRON CORP - ANADARKO SHAREHOLDERS WILL RECEIVE 0.3869 SHARES OF CHEVRON AND $16.25 IN CASH FOR EACH ANADARKO SHARE.CHEVRON CORP - UPON CLOSING, COMPANY WILL CONTINUE BE LED BY MICHAEL WIRTH AS CHAIRMAN AND CEO.CHEVRON CORP - CHEVRON PLANS TO INCREASE ITS SHARE REPURCHASE RATE FROM $4 BILLION TO $5 BILLION PER YEAR UPON CLOSING TRANSACTION.CHEVRON CORP - CHEVRON WILL REMAIN HEADQUARTERED IN SAN RAMON, CALIFORNIA..CHEVRON CORP - CHEVRON EXPECTS TRANSACTION TO BE ACCRETIVE TO FREE CASH FLOW AND EARNINGS PER SHARE ONE YEAR AFTER CLOSING, AT $60 BRENT.CHEVRON CORP - ACQUISITION CONSIDERATION IS STRUCTURED AS 75 PERCENT STOCK AND 25 PERCENT CASH, PROVIDING AN OVERALL VALUE OF $65 PER SHARE.CHEVRON CORP - TRANSACTION HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES AND IS EXPECTED TO CLOSE IN SECOND HALF OF YEAR.CHEVRON CORP - CHEVRON WILL ISSUE APPROXIMATELY 200 MILLION SHARES OF STOCK AND PAY APPROXIMATELY $8 BILLION IN CASH.CHEVRON CORP - ACQUISITION IS SUBJECT TO ANADARKO SHAREHOLDER APPROVAL.  Full Article

Chevron CEO Michael Wirth Says Anadarko Deal Boosts Co's LNG Business- CNBC interview
Friday, 12 Apr 2019 05:15am EDT 

April 12 (Reuters) - :CHEVRON CEO MICHAEL WIRTH SAYS WE THINK $65 PER SHARE IS A FAIR PRICE FOR ANADARKO'S SHAREHOLDERS AND FOR OUR SHAREHOLDERS- CNBC INTERVIEW.CHEVRON CEO MICHAEL WIRTH SAYS CHEVRON TO INCREASE BUYBACK PROGRAM AFTER ANADARKO DEAL- CNBC INTERVIEW.CHEVRON CEO WIRTH SAYS ANADARKO DEAL BOOSTS CO'S LNG BUSINESS.CHEVRON CEO WIRTH SAYS THERE IS A BREAK UP FEE FOR THE DEAL, WILL BE DISCLOSED LATER TODAY.CHEVRON CEO WIRTH SAYS CONFIDENT IN DELIVERING SYNERGIES AND STRONGER CASH FLOW IN FUTURE.  Full Article

Anadarko Says CEO's 2018 Total Compensation Was $15.5 Mln Vs About $17 Mln In 2017
Friday, 29 Mar 2019 07:10am EDT 

March 29 (Reuters) - Anadarko Petroleum Corp ::ANADARKO PETROLEUM SAYS CEO R. A. WALKER'S 2018 TOTAL COMPENSATION WAS $15.5 MILLION VERSUS ABOUT $17 MILLION IN 2017.ANADARKO PETROLEUM CORP - CFO BENJAMIN FINK'S TOTAL 2018 COMPENSATION WAS $4.2 MILLION.ANADARKO - CEO’S ANNUAL TOTAL COMPENSATION WAS REASONABLY ESTIMATED TO BE 84.6 TIMES THAT OF MEDIAN OF TOTAL COMPENSATION OF ALL EMPLOYEES.ANADARKO PETROLEUM SAYS PRESIDENT ROBERT GWIN'S 2018 TOTAL COMPENSATION WAS $7.5 MILLION VERSUS ABOUT $6.8 MILLION IN 2017.  Full Article

Anadarko Petroleum Sets Quarterly Cash Dividend Of $0.30 Per Share
Wednesday, 13 Feb 2019 04:10pm EST 

Feb 13 (Reuters) - Anadarko Petroleum Corp ::SETS QUARTERLY CASH DIVIDEND OF $0.30PER SHARE.  Full Article

Anadarko Reports Qtrly EPS $0.21
Tuesday, 5 Feb 2019 04:10pm EST 

Feb 5 (Reuters) - Anadarko Petroleum Corp ::ANADARKO ANNOUNCES 2018 FOURTH-QUARTER AND FULL-YEAR RESULTS.REAFFIRMS 2019 CAPITAL PROGRAM AND EXPECTATIONS.QTRLY EARNINGS PER SHARE $0.21.QTRLY ADJUSTED EARNINGS PER SHARE $0.38.ANADARKO'S 2019 GUIDANCE REMAINS SAME AS ANNOUNCED IN NOVEMBER 2018.EXPECTS FULL-YEAR CAPITAL INVESTMENTS IN RANGE OF $4.3 TO $4.7 BILLION.FOURTH-QUARTER 2018 SALES VOLUME OF OIL, NATURAL GAS AND NGLS AVERAGED APPROXIMATELY 701,000 BOE PER DAY.QTRLY TOTAL REVENUES AND OTHER $3,349 MILLION VERSUS $2,929 MILLION REPORTED LAST YEAR.Q4 EARNINGS PER SHARE VIEW $0.60, REVENUE VIEW $3.47 BILLION -- REFINITIV IBES DATA.COMPANY ENDED 2018 WITH $1.3 BILLION OF CASH.  Full Article

Anadarko Petroleum-On Dec 20, Entered Into A Fourth Amendment To Credit Agreement-SEC Filing
Thursday, 27 Dec 2018 04:23pm EST 

Dec 27 (Reuters) - Anadarko Petroleum Corp ::ANADARKO PETROLEUM - ON DECEMBER 20, ENTERED INTO A FOURTH AMENDMENT TO CREDIT AGREEMENT - SEC FILING.ANADARKO PETROLEUM - 5-YEAR CREDIT AGREEMENT AMENDMENT (I) EXTENDS MATURITY DATE FROM JAN 23, 2022 TO JAN 23, 2023 - SEC FILING.ANADARKO PETROLEUM - FIVE-YEAR CREDIT AGREEMENT AMENDMENT AMENDS CERTAIN REVOLVING CREDIT AGREEMENT DATED AS OF JUNE 17, 2014.ANADARKO PETROLEUM - 5 -YEAR CREDIT AGREEMENT AMENDMENT ADDS 2 ADDITIONAL ONE-YEAR EXTENSION OPTIONS.  Full Article

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

Q&A: Haynes & Boone's Kraig Grahmann says outlook positive for energy sector’s borrowing

Reuters spoke with Kraig Grahmann, head of the Haynes & Boone law firm's Energy Finance Practice Group, for his take on new developments in the oil and gas industry such as Chevron Corp's $33 billion deal to acquire Anadarko Petroleum Corp and recent reorganizations.