APC - Anadarko Petroleum Corporation

NYSE - NYSE Delayed Price. Currency in USD
70.49
+0.40 (+0.57%)
At close: 4:00PM EDT

70.80 +0.30 (0.43%)
Pre-Market: 9:10AM EDT

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Previous Close70.09
Open70.28
Bid0.00 x 3200
Ask70.70 x 800
Day's Range70.25 - 70.82
52 Week Range40.40 - 76.70
Volume6,631,116
Avg. Volume13,126,887
Market Cap35.394B
Beta (3Y Monthly)1.75
PE Ratio (TTM)74.20
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield1.20 (1.70%)
Ex-Dividend Date2019-06-11
1y Target EstN/A
Trade prices are not sourced from all markets
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  • Reuters15 hours ago

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    The master limited partnership completed a consolidation and a $4 billion drop-down deal earlier this year.

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  • Occidental Mulls Sale of Anadarko's Western Stake
    Bloomberg2 days ago

    Occidental Mulls Sale of Anadarko's Western Stake

    (Bloomberg) -- Occidental Petroleum Corp. is seeking a buyer to take majority control of Western Midstream Partners LP, the pipeline operator that it’s poised to inherit through its takeover of Anadarko Petroleum Corp., according to people familiar with the matter.Occidental is working with a financial adviser to solicit offers for half of Anadarko’s interest in Western Midstream and Western Midstream’s general partner, or management entity, said the people, who asked to not be identified because the matter isn’t public.The potential buyer of those stakes would also seek to acquire the 45% of Western Midstream that is traded publicly, the people said. That would leave Occidental with a minority stake in Western Midstream, the people said, enabling it to keep financial and operational interest in infrastructure for getting its oil and gas to market.The stakes could draw interest from private equity firms and rival pipeline operators such as Oneok Inc., Enterprise Products Partners LP and Energy Transfer LP, one of the people said. No decision has been made and Occidental could opt to not proceed with a sale, they said.Representatives for Occidental, Anadarko and Enterprise Products declined to comment. Representatives for Oneok and Energy Transfer didn’t respond to requests for comment.Western Midstream rose 2.2% to close at $29.37 in New York trading Monday, giving The Woodlands, Texas-based company a market value of about $13.3 billion.Anadarko owns 55.5 percent of Western Midstream and all of its general partner, according to regulatory filings.Anadarko DealOccidental is poised to acquire Western Midstream after agreeing in May to buy Anadarko for $38 billion, a deal expected to close in the second half of 2019. Occidental has said it would be open to selling Western Midstream after outbidding Chevron Corp. for Anadarko.“We don’t really feel like we have to necessarily own infrastructure to take advantage of it,” Vicki Hollub, Occidental’s chief executive officer, said in a conference call with analysts on May 6. “We would be willing to consider the optimization, monetization, of that sooner rather than later depending on the potential buyer.”Western Midstream controls more than 15,200 miles of pipelines and about six dozen processing and treatment facilities in the Midwestern U.S. and Texas, according to an investor presentation in May. Anadarko formed the company and took it public in 2012 as a so-called master limited partnership, or entity that gets tax breaks in exchange for doling out most of its profits to investors.A potential sale could help Occidental meet its goal of selling $10 billion to $15 billion of assets to pay down debt over the next two years. The company has already agreed to sell Anadarko’s operations in Africa for $8.8 billion to Total SA.To contact the reporters on this story: Kiel Porter in Chicago at kporter17@bloomberg.net;Rachel Adams-Heard in Houston at radamsheard@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, ;Simon Casey at scasey4@bloomberg.net, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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  • TechnipFMC Receives Subsea Contracts From Anadarko's Arm
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  • Rigzone.com7 days ago

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  • Anadarko Petroleum Makes FID on Mozambique LNG Project
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  • Anadarko approves $20 billion LNG export project in Mozambique
    Reuters8 days ago

    Anadarko approves $20 billion LNG export project in Mozambique

    U.S. energy firm Anadarko Petroleum Corp on Tuesday gave the go-ahead for the construction of a $20 billion gas liquefaction and export terminal in Mozambique, the largest single LNG project approved in Africa. The announcement, which occurred at an event in Mozambique, was widely expected after Anadarko last month flagged the decision date. "As the world increasingly seeks cleaner forms of energy, the Anadarko-led Area 1 Mozambique LNG project is ideally located to meet growing demand, particularly in expanding Asian and European markets," Chief Executive Officer Al Walker said in a statement.

  • Rigzone.com8 days ago

    Anadarko Green Lights Mozambique LNG Project

    Anadarko Petroleum Corp. has given the final go ahead to begin construction of its Area 1 Mozambique LNG project.