Anadarko Petroleum Corp.
 |
|
| Public company | |
| Traded as | : APC S&P 500 Index component |
| Industry | Petroleum industry |
| Founded | 1959 |
| Headquarters |
Allison Tower The Woodlands, Texas |
|
Key people
|
R. A. Walker, Chairman, President, & CEO Robert G. Gwin, Executive Vice President & CFO |
| Products |
Petroleum Natural gas Natural gas liquids |
|
Production output
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792 thousand barrels of oil equivalent (4,850,000 GJ) per day |
| Revenue |  $8.447 billion (2016) |
 -$3.071 million (2016) |
|
| Total assets | $45.564 billion (2016) |
| Total equity | $12.212 billion (2016) |
|
Number of employees
|
4,500 (2016) |
| Website | www |
Anadarko Petroleum Corporation is a petroleum and natural gas exploration and production company headquartered in two skyscrapers in The Woodlands, Texas: the Allison Tower and the Hackett Tower, both named after former CEOs of the company.
The company has been the subject of multiple environmental cases, including the largest environmental contamination settlement in American history - the 2014 settlement related to the former Tronox subsidiary of Kerr McGee, a company purchased by Anadarko in 2006.
In addition to exploration and production, the company engages in the gathering, processing, and treating of natural gas, and the transporting of natural gas, crude oil, and natural gas liquids. The company also participates in the hard minerals business through its ownership of non-operated joint ventures and royalty arrangements.
As of December 31, 2016, the company had approximately 1.722 billion barrels of oil equivalent (1.053×1010 GJ) of proved reserves, 52% of which were liquids and 48% of which were natural gas. In 2016, the company produced 792 thousand barrels of oil equivalent (4,850,000 GJ) per day.
The company’s operations in the United States accounted for 89% of total sales volumes during 2016 and 90% of total proved reserves at year-end 2016.
In the United States, the company has major holdings in the:
The company’s international operations accounted for 11% of total sales volumes during 2016 and 10% of total proved reserves at year-end 2016.
The company has holdings in:
Anadarko was formed in 1959 as a subsidiary of Panhandle Eastern Corporation Pipe Line Company after the discovery of large amounts of natural gas in the Anadarko Basin, which underlies the Texas Panhandle and Oklahoma Panhandle, and southwest Kansas.
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Wikipedia