ANADARKO PETROLEUM CORPORATION

Anadarko Petroleum Corporation was a prominent American oil and gas exploration and production company, primarily involved in the exploration, development, production, and marketing of petroleum and natural gas. Headquartered in The Woodlands, Texas, Anadarko was one of the largest independent oil and gas companies in the world.

Key Points about Anadarko Petroleum Corporation:

1. Founding and History:

• Established: Anadarko was founded in 1959 as a subsidiary of Panhandle Eastern Pipe Line Company, which later became an independent company.


• Growth: The company grew substantially through a combination of organic development and strategic acquisitions, including buying assets from companies like Union Pacific Resources, Kerr-McGee Corporation, and Western Gas Resources.

2. Operations:

• Exploration and Production: Anadarko engaged in oil and natural gas exploration and production activities primarily in the United States, as well as in other regions such as Africa and South America.


• Major U.S. Areas: Key operational areas in the U.S. included the Gulf of Mexico, the Delaware Basin, the Rockies, and the Appalachian Basin.


• International Operations: Outside the U.S., Anadarko had a strong presence in countries like Algeria, Ghana, Mozambique, and Colombia, with significant projects such as the Jubilee Field in Ghana and liquefied natural gas (LNG) developments in Mozambique.

3. Financials:

• Anadarko was publicly traded on the New York Stock Exchange under the ticker symbol APC. The company historically reported revenues in multiple billions of dollars, reflecting its substantial production and global operations.

4. Environmental and Safety Initiatives:

• The company placed an emphasis on environmental stewardship, safety, and community engagement. Anadarko's operations adhered to various environmental regulations and standards to minimize the impact of its activities.

5. Acquisition by Occidental Petroleum:

• In 2019, Anadarko became the subject of a high-profile bidding war between Chevron Corporation and Occidental Petroleum Corporation (Oxy). Ultimately, Occidental won the bid and acquired Anadarko in a deal valued at approximately $38 billion. The acquisition was completed in August 2019, making Oxy one of the largest oil and gas producers in the U.S.

6. After the Acquisition:

• Post-acquisition, many of Anadarko's assets were integrated into Occidental's portfolio, significantly enhancing Oxy's scale in key U.S. shale basins and expanding its international footprint.

Conclusion:

Anadarko Petroleum Corporation played a significant role in the oil and gas industry due to its extensive exploration and production activities both in the United States and internationally. Its acquisition by Occidental Petroleum marked a major consolidation in the industry, reflecting the continuing importance of scale and efficiency in the competitive energy market.

For the latest information, it would be best to refer to the most recent reports and updates from Occidental Petroleum, as they now manage Anadarko's former assets and operations.