Anadarko Essay
Chris Cormier
5-2-12
FINC 3330.01
Corporate Journal
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Anadarko’s mission is to deliver a competitive and sustainable rate of return to shareholders by developing, acquiring and exploring for oil and natural gas resources vital to the world’s health and welfare.
Anadarko Petroleum Corporation is one of the world’s largest independent oil and gas exploration and production companies, with approximately 2.3billion barrels of oil equivalent (BOE) of proved reserves and production of 206 million BOE as of December 31, 2008. Anadarko, historically a subsidiary of Panhandle Eastern Corporation, was formed in 1959 after the discovery of large amounts of natural gas in the Anadarko Basin (the basin comprises …show more content…
MOEX owned a 10% stake in the well through a subsidiary and in turn itself was majority-owned by Mitsui & Co. Some analysts had thought BP would realize a larger settlement from MOEX but there was also relief to have a first step toward resolving the multiple claims. In October, 2011, Anadarko did in fact follow MOEX and agreed to settle with BP for $4 billion. BP agreed to "forgo reimbursement for future costs related to the incident and will indemnify Anadarko for damage claims arising under the U.S. Oil Pollution Act, among other costs. And Anadarko will transfer its 25% stake in Mississippi Canyon Block 252 (Macondo) to …show more content…
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| | | | |
|Earnings Estimates | | | |
| | | | | |
| | | | | |
|Fiscal Year Ending: December |
| | | | | |
|Year ending |Q1 March |Q2 June |Q3 September |Q4 December |
|2016 | | | |
5-2-12
FINC 3330.01
Corporate Journal
[pic]
Anadarko’s mission is to deliver a competitive and sustainable rate of return to shareholders by developing, acquiring and exploring for oil and natural gas resources vital to the world’s health and welfare.
Anadarko Petroleum Corporation is one of the world’s largest independent oil and gas exploration and production companies, with approximately 2.3billion barrels of oil equivalent (BOE) of proved reserves and production of 206 million BOE as of December 31, 2008. Anadarko, historically a subsidiary of Panhandle Eastern Corporation, was formed in 1959 after the discovery of large amounts of natural gas in the Anadarko Basin (the basin comprises …show more content…
MOEX owned a 10% stake in the well through a subsidiary and in turn itself was majority-owned by Mitsui & Co. Some analysts had thought BP would realize a larger settlement from MOEX but there was also relief to have a first step toward resolving the multiple claims. In October, 2011, Anadarko did in fact follow MOEX and agreed to settle with BP for $4 billion. BP agreed to "forgo reimbursement for future costs related to the incident and will indemnify Anadarko for damage claims arising under the U.S. Oil Pollution Act, among other costs. And Anadarko will transfer its 25% stake in Mississippi Canyon Block 252 (Macondo) to …show more content…
[pic]
[pic]
| | | | |
| | | | |
| | | | |
|Earnings Estimates | | | |
| | | | | |
| | | | | |
|Fiscal Year Ending: December |
| | | | | |
|Year ending |Q1 March |Q2 June |Q3 September |Q4 December |
|2016 | | | |