Anadarko Petroleum Corp (APC.N)

APC.N on New York Stock Exchange

17 Nov 2017
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$0.65 (+1.37%)
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Latest Key Developments (Source: Significant Developments)

Anadarko announces 2018 capital program and sales-volume guidance
Thursday, 16 Nov 2017 

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

Soros Fund Management takes share stake in GM, Cenovus Energy
Wednesday, 15 Nov 2017 

Nov 14 (Reuters) - Soros Fund Management::Ups share stake in Kellogg by 40.6 percent to 382,697 shares - SEC filing.Ups share stake in Amazon.com by 33.3 percent to 10,000 shares.Takes share stake of 100,000 shares in Anadarko.Ups share stake in Kraft Heinz by 48.6 percent to 684,733 shares.Takes share stake of 1.2 million shares in Cenovus Energy.Takes share stake of 185,686 shares in GM.Change in holdings are as of Sept. 30, 2017 and compared with the previous quarter ended as of June 30, 2017.  Full Article

Anadarko to build new regional headquarters at Westridge Commons site
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - KKR & Co LP ::Anadarko to build new regional headquarters at Westridge Commons site.‍Anadarko Petroleum Corporation has selected Westridge Commons as site for its new regional office​.  Full Article

Anadarko CEO doesn't see stable oil price above $60/barrel
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Anadarko Petroleum Corp :Says every $1 change in oil price CLc1 moves free cash flow by $100 million.Chief Executive Al Walker says doesn't anticipate stable oil price CLc1 above $60/barrel.CEO says 'we see enough reasons to be concerned' oil price could fall back to $45/barrel if OPEC changes current supply deal.  Full Article

Whiting Petroleum names Bradley Holly president and CEO
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Whiting Petroleum Corp :Whiting Petroleum Corp names Bradley J. Holly president and chief executive officer.Whiting Petroleum Corp - ‍james Volker to retire as chief executive officer​.Whiting Petroleum Corp - ‍Holly previously served as executive vice president, U.S. onshore exploration and production for anadarko petroleum corporation​.  Full Article

Anadarko Petroleum announces $2.5 bln share-repurchase program
Thursday, 21 Sep 2017 

Sept 20 (Reuters) - Anadarko Petroleum Corp ::Anadarko announces $2.5 billion share-repurchase program.Expects 2018 capital program within cash flow​.Says ‍authorization extends through end of 2018​.In Delaware and DJ Basins, are on track to deliver combined projected exit rate of approximately 150,000 bopd in 2017.Says in deepwater GOM, continues to expect average production rates approaching 130,000 bopd for 2017 .Will initially target $1 billion of share repurchases prior to year-end 2017​.Reaffirm guidance co have previously provided for deepwater Gulf Of Mexico (GOM), DJ and Delaware Basin Assets​.2018 upstream investment plan anticipated to produce substantial free cash flow, assuming average oil price of $50 per barrel​.  Full Article

Anadarko announces Q2 loss per share $0.76
Tuesday, 25 Jul 2017 

July 24 (Reuters) - Anadarko Petroleum Corp :Anadarko announces second-quarter 2017 results.Q2 loss per share $0.76.Q2 earnings per share view $-0.36 -- Thomson Reuters I/B/E/S.Anadarko Petroleum Corp - Qtrly sales volume of oil, natural gas and natural gas liquids (NGLS) 57 million boe, or an average of 631,000 boe per day​.Reducing level of investments by $300 million for full year.Anadarko Petroleum Corp - Qtrly total revenue $2,716 million versus $1,915 million.Anadarko Petroleum - Adjusting FY sales-volume guidance to reflect recent divestitures and deferred production associated with Colorado response.Anadarko Petroleum Corp sees Q3 total sales volume 630 — 652‍​ mboe/d.Anadarko Petroleum Corp sees FY total sales volume ‍​633 — 644 mboe/d.Anadarko petroleum corp - sees q3 apc capital expenditures $ 1,100 million to $1,200 million.Still expecting to exit year at around 150,000 barrels of oil per day from delaware and DJ Basins combined.Anadarko Petroleum Corp - Sees 2017 APC capital expenditures $4,200 million to $4,400 million.Anadarko Petroleum - Current market conditions require lower capital intensity given volatility of margins realized in this operating environment.Anadarko Petroleum Corp - ‍net cash provided by operating activities in Q2 of 2017 was $857 million​.Q2 revenue view $2.34 billion -- Thomson Reuters I/B/E/S.Anadarko Petroleum Corp - ‍still expecting to average approximately 130,000 barrels of oil per day in deepwater gulf of mexico for FY​.  Full Article

Anadarko Petroleum CEO'2016 total compensation was $18.7 mln
Saturday, 18 Mar 2017 

Anadarko Petroleum Corp : Ceo R. A. Walker's fy 2016 total compensation was $18.7 million versus $17.1 million in fy 2015 - sec filing .Anadarko Petroleum Corp says CFO Robert G. Gwin's 2016 total compensation was $7.5 million versus $6.3 million in 2015.  Full Article

Anadarko announces board of directors election
Friday, 10 Feb 2017 

Anadarko Petroleum Corp : Anadarko announces board of directors election .Anadarko Petroleum Corp - election of Claire S. Farley to serve as an independent director of company.  Full Article

Williams Partners to buy additional interests in two Marcellus Shale gathering systems
Friday, 10 Feb 2017 

Williams Partners Lp : Williams partners agrees to acquire additional interests in two marcellus shale gathering systems and sell ownership stake in delaware basin joint venture and ranch westex assets . Williams partners - agreement with anadarko petroleum to sell 33.33% interest in ranch westex gas processing plant in delaware basin for $45 million cash .Williams partners - partnership to use aggregate cash consideration part of both deals for general partnership purposes including funding growth capital.  Full Article

BRIEF-Rowan Co's unit got notice of early termination from Anadarko Petroleum

* Rowan Companies - ‍on Nov 13, co's unit got notice of early termination from Anadarko Petroleum as per co's drilling contract for drillship Rowan Resolute​