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Anadarko Petroleum Corp (APC.N)

APC.N on New York Stock Exchange

69.76USD
17 Jun 2019
Change (% chg)

$-0.07 (-0.10%)
Prev Close
$69.83
Open
$69.75
Day's High
$70.11
Day's Low
$69.67
Volume
1,222,411
Avg. Vol
1,937,914
52-wk High
$76.67
52-wk Low
$40.42

Latest Key Developments (Source: Significant Developments)

Brigham Minerals Reports Q1 2019 Production Of 5,382 BOE/d
Monday, 20 May 2019 

May 20 (Reuters) - Brigham Minerals Inc ::BRIGHAM MINERALS INC - Q1 2019 PRODUCTION OF 5,382 BOE/D (70% LIQUIDS), UP 18% SEQUENTIALLY FROM Q4 2018 AND UP 66% FROM Q1 2018.BRIGHAM MINERALS INC - Q1 2019 MINERAL AND ROYALTY REVENUE EXCLUDING LEASE BONUS TOTALING $17.6 MILLION, UP 48% FROM Q1 2018.BRIGHAM MINERALS INC QTRLY TOTAL REVENUE $18.3 MILLION VERSUS $14.1 MILLION.BRIGHAM MINERALS INC - COMPANY HAD $215 MILLION OF LIQUIDITY AS OF MAY 17, 2019.BRIGHAM MINERALS - BELIEVE ACQUISITION OF ANADARKO BY OCCIDENTAL PETROLEUM IS ACCRETIVE EVENT FOR BRIGHAM MINERALS.BRIGHAM MINERALS INC - Q1 2019 NET INCOME OF $4.2 MILLION AND Q1 2019 ADJUSTED EBITDA EX LEASE BONUS TOTALING $13.1 MILLION, WHICH WAS UP 54% FROM Q1 2018.  Full Article

Anadarko Declares Dividend Of $0.30 Per Share
Thursday, 16 May 2019 

May 15 (Reuters) - Anadarko Petroleum Corp ::ANADARKO DECLARES DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $0.30PER SHARE.SETS QUARTERLY CASH DIVIDEND OF $0.30PER SHARE.  Full Article

Anadarko Announces LNG Sale And Purchase Agreement With Jera And CPC Corporation, Taiwan
Monday, 13 May 2019 

May 13 (Reuters) - Anadarko Petroleum Corp ::ANADARKO ANNOUNCES LNG SALE AND PURCHASE AGREEMENT WITH JERA AND CPC CORPORATION, TAIWAN.MOZAMBIQUE LNG1 COMPANY PTE. LTD SIGNED SALE AND PURCHASE AGREEMENT WITH JERA CO., INC. (JERA) AND CPC CORPORATION, TAIWAN (CPC).AGREEMENT CALLS FOR DELIVERED EX-SHIP SUPPLY OF 1.6 MILLION TONNES PER ANNUM FOR A BASE TERM OF 17 YEARS FROM COMMERCIAL START DATE.  Full Article

Anadarko Confirms Receipt Of Revised Proposal From Occidental
Monday, 6 May 2019 

May 5 (Reuters) - Anadarko Petroleum Corp ::ANADARKO CONFIRMS RECEIPT OF REVISED PROPOSAL FROM OCCIDENTAL.ANADARKO PETROLEUM - UNDER REVISED PROPOSAL CO WOULD RECEIVE $59.00 IN CASH, 0.2934 SHARES OF OCCIDENTAL COMMON STOCK/ SHARE OF ANADARKO COMMON STOCK.ANADARKO - THERE CAN BE NO ASSURANCE THAT NEGOTIATIONS WITH OCCIDENTAL WILL RESULT IN TRANSACTION THAT IS SUPERIOR TO PENDING TRANSACTION WITH CHEVRON.ANADARKO PETROLEUM - CHEVRON MERGER AGREEMENT REMAINS IN EFFECT, CO BOARD REAFFIRMS EXISTING RECOMMENDATION OF TRANSACTION WITH CHEVRON AT THIS TIME.ANADARKO PETROLEUM - TERMS OF ANY AGREED-UPON TRANSACTION WITH OCCIDENTAL MAY VARY FROM THOSE REFLECTED IN OCCIDENTAL'S REVISED PROPOSAL.ANADARKO - BOARD TO CAREFULLY REVIEW OCCIDENTAL'S REVISED PROPOSAL TO DETERMINE COURSE OF ACTION THAT IS IN BEST INTEREST OF CO'S STOCKHOLDERS.  Full Article

Buffett was willing to invest $20 bln in Occidental bid for Anadarko- CNBC
Friday, 3 May 2019 

May 3 (Reuters) - :BUFFETT WOULD HAVE INVESTED UPTO $20 BILLION IN OCCIDENTAL - CNBC, CITING SOURCES.BUFFETT GETS $50 MILLION SIGNING FEE FOR OCCIDENTAL INVESTMENT - CNBC, CITING SOURCES.  Full Article

Occidental CEO Vicki Hollub Says Have Been Working On Anadarko Deal For Two Years - CNBC Interview
Wednesday, 24 Apr 2019 

April 24 (Reuters) - :OCCIDENTAL CEO VICKI HOLLUB SAYS HAVE BEEN WORKING ON ANADARKO DEAL FOR TWO YEARS - CNBC INTERVIEW.OCCIDENTAL CEO VICKI HOLLUB SAYS CONFIDENT WILL GET SHAREHOLDER SUPPORT FOR ANADARKO DEAL.  Full Article

Occidental Petroleum Makes Superior Proposal To Acquire Anadarko
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Occidental Petroleum Corp ::OCCIDENTAL MAKES SUPERIOR PROPOSAL TO ACQUIRE ANADARKO.OCCIDENTAL PETROLEUM CORP - 50-50 CASH AND STOCK TRANSACTION IS VALUED AT $57 BILLION.OCCIDENTAL PETROLEUM CORP - OCCIDENTAL'S PROPOSAL REPRESENTS A PREMIUM OF ABOUT 20% TO VALUE OF ANADARKO'S PENDING TRANSACTION AS OF APRIL 23, 2019.OCCIDENTAL PETROLEUM - DELIVERED A LETTER TO BOARD OF ANADARKO SETTING FORTH TERMS OF A SUPERIOR PROPOSAL BY CO TO BUY ANADARKO FOR $76.00 PER SHARE.OCCIDENTAL PETROLEUM CORP - ANADARKO SHAREHOLDERS WOULD RECEIVE $38.00 IN CASH AND 0.6094 SHARES OF OCCIDENTAL STOCK FOR EACH SHARE OF ANADARKO STOCK.OCCIDENTAL PETROLEUM CORP - PROPOSED DEAL EXPECTED TO DELIVER $3.5 BILLION OF FREE CASH FLOW IMPROVEMENT THROUGH $2.0 BILLION OF ANNUAL COST SYNERGIES.OCCIDENTAL PETROLEUM - IN OFFER, ANADARKO SHAREHOLDERS WOULD GET $38.00 IN CASH, 0.6094 SHARES OF OCCIDENTAL STOCK FOR EACH SHARE OF ANADARKO STOCK.OCCIDENTAL PETROLEUM - BOARD UNANIMOUSLY APPROVED CO'S PROPOSAL.OCCIDENTAL PETROLEUM - IS FIRMLY COMMITTED TO MAINTAINING ITS CURRENT DIVIDEND GROWTH STRATEGY.OCCIDENTAL PETROLEUM CORP - EXECUTED FINANCING COMMITMENTS WITH BOFA MERRILL LYNCH AND CITI FOR CASH PORTION OF OUR PROPOSAL.OCCIDENTAL PETROLEUM CORP - OUR MERGER AGREEMENT WILL NOT CONTAIN ANY FINANCING CONDITION.OCCIDENTAL PETROLEUM CORP - WOULD EXPECT TO SEEK APPROVAL OF SHAREHOLDERS OF BOTH COMPANIES AND CLOSE A TRANSACTION IN SECOND HALF OF 2019.  Full Article

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

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 

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 

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

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Anadarko pressed Occidental for cash, expecting investor opposition -filing

HOUSTON Anadarko Petroleum exacted a top price for itself by repeatedly spurning Occidental Petroleum's approaches and pushing for all-cash offers, reasoning the market might react negatively to the blockbuster $38 billion deal, according to securities filings released on Friday.