Free Historical Stock Quotes and Pricee Data on Anadarko Petroleum
Stock Symbol: APC
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Business Description
Anadarko Petroleum Corporation is an oil and gas exploration and production company with 2.5 billion barrels of oil equivalent of proved reserves, as of December 31, 2003. Major areas of operations are located in the United States, primarily in Texas, Louisiana, the mid-continent region and the western states, Alaska and in the shallow and deep waters of the Gulf of Mexico, as well as in Canada and Algeria. Anadarko also has production in Venezuela and Qatar. The Company is executing strategic exploration programs in several other countries. It actively markets natural gas, oil and natural gas liquids and owns and operates gas-gathering systems in its core producing areas. In addition, it engages in the hard minerals business through non-operated joint ventures and royalty arrangements in several coal, trona and industrial mineral mines located on lands within and adjacent to its Land Grant holdings (an eight-million-acre strip running through portions of Colorado, Wyoming and Utah).
Financial Summary
For the six months ended 6/30/04, revenues rose 16% to $2.9 billion. Net income applicable to Common and before accounting change increased 19% to $797 million. Revenues reflect higher commodity prices. Higher income also reflects lower impairment charges.
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