HOUSTON, July 31, 2018 /PRNewswire/ -- Anadarko
Petroleum Corporation (NYSE: APC) today announced 2018
second‑quarter results, reporting net income attributable to common
stockholders of $29 million, or $0.05 per share (diluted). These results
include certain items typically excluded by the investment
community in published estimates. In total, these items decreased
net income by $249 million, or $0.49 per share (diluted), on an after-tax
basis.(1) Net cash provided by operating activities in
the second quarter of 2018 was $1.23 billion.
SECOND-QUARTER 2018 HIGHLIGHTS
- Increased U.S. onshore oil volumes by 47 percent on a
divestiture-adjusted basis and improved per-barrel margins by
almost 50 percent year-over-year
- Expanded West Texas
infrastructure with the successful startup of the Reeves Regional
Oil Treating Facility (ROTF) during the quarter and commissioning
of the North Loving ROTF subsequent to quarter end
- Achieved significant advancements on the Mozambique LNG
project, including new heads of agreements and expected cost
reductions, with an anticipated Final Investment Decision (FID)
during the first half of 2019
- Completed $3.0 billion of the
share-repurchase program
"During the second quarter, we delivered a 54,000 barrel-per-day
increase in our U.S. onshore oil volumes over the second quarter of
2017 on a divestiture-adjusted basis, while improving our
per-barrel margins(2) to nearly $31.60," said Al
Walker, Anadarko Chairman, President and CEO. "Our
project-management and midstream teams have done exceptional work
to safely achieve the on-time startup of our initial ROTF in
West Texas. This is a major
accomplishment as the Reeves ROTF and newly commissioned North
Loving ROTF are catalysts for production and cash-flow growth in
the second half of this year and beyond. Our Mozambique LNG project
has made excellent progress, and we expect a Final Investment
Decision in the first half of 2019.
"The strong operational results and actions we have taken to
enhance shareholder value reinforces our strategy to deliver
capital-efficient growth and generate improved returns. While we
have not increased our operated activity level, the current
commodity-price environment has resulted in some modest
service-cost inflation, as well as an increase in non-operated
activity and non-consents, which present very high-return
opportunities for Anadarko," added Walker. "We have also continued
to core up acreage in the Delaware
and DJ basins, which has enabled us to drill longer laterals with
higher working interest for enhanced returns. Accordingly, we are
increasing our anticipated full-year capital-investment
expectations by $250 million from
previous guidance. The updated guidance excludes approximately
$100 million of leasehold
acquisitions in an emerging oil play in Wyoming's Powder
River Basin."
OPERATING HIGHLIGHTS
Anadarko's second-quarter 2018
sales volumes of oil, natural gas and natural gas liquids (NGLs)
totaled 58 million barrels of oil equivalent (BOE), or an
average of 637,000 BOE per day, which was at the high end of the
company's second-quarter guidance.
In the Delaware Basin of
West Texas, the company's oil
production achieved record levels averaging 62,000 barrels of oil
per day (BOPD) for the quarter, representing an 88-percent increase
over the second quarter of 2017. The quarter was highlighted by the
successful startup of the Reeves ROTF in May, as well as a record
number of wells turned to sales. The company also advanced its
first full pad development at the Silvertip-A location in
Loving County, where it has
completed 12 extended-reach lateral wells targeting multiple
intervals in the Wolfcamp-A formation. These wells are expected to
begin producing in the second half of 2018 and will flow to the
recently commissioned North Loving ROTF.
In the DJ Basin of northeast Colorado, Anadarko continues its horizontal
drilling campaign featuring natural-gas powered rigs and
noise-reduction technology, two enhancements that improve the
compatibility of operations with local communities. During the
quarter, the DJ Basin averaged net production of 261,000 BOE per
day.
In the Deepwater Gulf of Mexico, Anadarko averaged 115,000 BOPD
in the second quarter as it leveraged its unmatched infrastructure,
including the third successful tieback to the 100-percent-owned
Horn Mountain facility. Development drilling is also underway in
the North Hadrian field, which will be tied back to Anadarko's
Lucius spar.
Sales volumes from Anadarko's international operations in
Algeria and Ghana averaged 85,000 barrels per day during
the second quarter of 2018. The Anadarko-operated Mozambique LNG
project continued to make significant progress in the second
quarter as the company announced it anticipates being in position
to take FID in the first half of 2019 for the Golfinho/Atum
development within the Anadarko-operated Offshore Area 1.
Additionally, the company and its contractors expect to realize
substantial cost savings, with Anadarko now expecting to deliver
the first two onshore liquefaction trains with 12.88 million tonnes
per annum (MTPA) capacity for less than $600 per tonne.
OPERATIONS REPORT
For additional details on
Anadarko's second-quarter 2018 operations, please refer to the
comprehensive Operations Report available at www.anadarko.com.
FINANCIAL HIGHLIGHTS
Anadarko's second-quarter
capital investments, excluding Western Gas Partners, LP (WES), were
approximately $1.5 billion, and the
company closed the quarter with $2.3
billion of cash on hand. After completing the $3.0 billion share-repurchase program at the end
of the second quarter, Anadarko announced a $1.0 billion expansion of the share-repurchase
program, as well as a $500 million
expansion of its debt-reduction program to be funded by future free
cash flow. These expansions raise the aggregate equity and
debt-buyback programs to $5.5
billion, with the board authorization for the share
repurchases extended through the end of June
2019.
CONFERENCE CALL TOMORROW AT 8
A.M. CDT, 9 A.M. EDT
Anadarko will host an investor conference call on Wednesday, Aug. 1, 2018, at 8 a.m. Central Daylight Time (9 a.m. Eastern
Daylight Time) to discuss its second-quarter 2018 financial and
operating results. The dial-in number is 877.883.0383 in the U.S.
or 412.902.6506 internationally. The confirmation number is
4427245. For complete instructions on how to participate in the
conference call, or to listen to the live audio webcast, please
visit www.anadarko.com. A replay of the call will be available on
the website for approximately 30 days following the conference
call.
FINANCIAL DATA
Ten pages of summary financial data
follow, including updated financial and production guidance,
current hedge positions, and a reconciliation of
"divestiture-adjusted" or "same-store" sales.
(1) See the accompanying table for details of certain
items affecting comparability.
(2) See the accompanying table for a reconciliation of
GAAP to non-GAAP financial measures and a statement indicating why
management believes the non-GAAP financial measures provide useful
information for investors.
Logo - http://photos.prnewswire.com/prnh/20141103/156201LOGO
Anadarko Petroleum Corporation's mission is to deliver a
competitive and sustainable rate of return to shareholders by
exploring for, acquiring and developing oil and natural gas
resources vital to the world's health and welfare. As of year-end
2017, the company had 1.44 billion barrels-equivalent of proved
reserves, making it one of the world's largest independent
exploration and production companies. For more information about
Anadarko and APC Flash Feed updates, please visit
www.anadarko.com.
This news release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Anadarko
believes that its expectations are based on reasonable assumptions.
No assurance, however, can be given that such expectations will
prove to have been correct. A number of factors could cause actual
results to differ materially from the projections, anticipated
results or other expectations expressed in this news release,
including Anadarko's ability to successfully execute upon its
capital program; to efficiently identify and deploy capital
resources; to meet financial and operating guidance and achieve
production and cash-flow growth identified in this news release; to
timely complete and commercially operate the projects,
infrastructure and drilling prospects identified in this news
release; to successfully drill, complete, test, and produce the
wells identified in this report; to successfully complete the
share-repurchase and debt-reduction programs; and to successfully
plan, secure additional government approvals, enter into long-term
sales contracts, take FID and the timing thereof, finance, build,
achieve expected cost savings, and operate the necessary
infrastructure and LNG park in Mozambique. See "Risk Factors" in the
company's 2017 Annual Report on Form 10-K, Quarterly Reports on
Form 10-Q and other public filings and press releases. Anadarko
undertakes no obligation to publicly update or revise any
forward-looking statements.
Anadarko Contacts
MEDIA:
John
Christiansen, john.christiansen@anadarko.com,
832.636.8736
Stephanie Moreland,
stephanie.moreland@anadarko.com, 832.636.2912
INVESTORS:
Robin Fielder,
robin.fielder@anadarko.com, 832.636.1462
Kate Sloan, kate.sloan@anadarko.com,
832.636.2562
Andy Taylor,
andy.taylor@anadarko.com, 832.636.3089
Anadarko Petroleum Corporation
Reconciliation of GAAP to Non-GAAP Financial Measures
Below are reconciliations of certain GAAP to non-GAAP financial
measures, each as required under Regulation G of the Securities
Exchange Act of 1934. This non-GAAP information should be
considered by the reader in addition to, but not instead of, the
financial statements prepared in accordance with GAAP. The non-GAAP
financial information presented may be determined or calculated
differently by other companies and may not be comparable to
similarly titled measures.
Management uses adjusted net income (loss) to evaluate operating
and financial performance and believes the measure is useful to
investors because it eliminates the impact of certain noncash
and/or other items that management does not consider to be
indicative of the Company's performance from period to period.
Management also believes this non-GAAP measure is useful to
investors to evaluate and compare the Company's operating and
financial performance across periods, as well as facilitating
comparisons to others in the Company's industry.
|
|
Quarter Ended June
30, 2018
|
|
|
Before
|
|
After
|
|
Per
Share
|
millions except
per-share amounts
|
|
Tax
|
|
Tax
|
|
(diluted)
|
Net income (loss)
attributable to common stockholders (GAAP)
|
|
|
|
$
|
29
|
|
|
$
|
0.05
|
|
Adjustments for
certain items affecting comparability
|
|
|
|
|
|
|
Total gains (losses)
on derivatives, net, less net cash from settlement of commodity
derivatives*
|
|
$
|
(267)
|
|
|
(205)
|
|
|
(0.40)
|
|
Gains (losses) on
divestitures, net
|
|
52
|
|
|
39
|
|
|
0.07
|
|
Impairments
|
|
|
|
|
|
|
Producing properties (after noncontrolling interest)
|
|
(45)
|
|
|
(35)
|
|
|
(0.07)
|
|
Exploration assets
|
|
(41)
|
|
|
(31)
|
|
|
(0.06)
|
|
Contingency
accrual
|
|
(13)
|
|
|
(10)
|
|
|
(0.02)
|
|
Change in uncertain
tax positions
|
|
|
|
(7)
|
|
|
(0.01)
|
|
Certain items
affecting comparability
|
|
$
|
(314)
|
|
|
(249)
|
|
|
(0.49)
|
|
Adjusted net
income (loss) (Non-GAAP)
|
|
|
|
$
|
278
|
|
|
$
|
0.54
|
|
|
*
Includes $32 million related to interest-rate derivatives,
$(298) million related to commodity derivatives, and
$(1) million related to gathering, processing, and marketing
sales.
|
|
|
Quarter Ended June
30, 2017
|
|
|
Before
|
|
After
|
|
Per
Share
|
millions except
per-share amounts
|
|
Tax
|
|
Tax
|
|
(diluted)
|
Net income (loss)
attributable to common stockholders (GAAP)
|
|
|
|
$
|
(415)
|
|
|
$
|
(0.76)
|
|
Adjustments for
certain items affecting comparability
|
|
|
|
|
|
|
Total gains (losses)
on derivatives, net, less net cash from settlement of commodity
derivatives*
|
|
$
|
(45)
|
|
|
(29)
|
|
|
(0.05)
|
|
Gains (losses) on
divestitures, net
|
|
205
|
|
|
130
|
|
|
0.24
|
|
Impairments
|
|
|
|
|
|
|
Producing and general properties
|
|
(10)
|
|
|
(7)
|
|
|
(0.02)
|
|
Exploration assets
|
|
(82)
|
|
|
(65)
|
|
|
(0.12)
|
|
Restructuring
charges
|
|
(18)
|
|
|
(11)
|
|
|
(0.02)
|
|
Change in uncertain
tax positions
|
|
|
|
(10)
|
|
|
(0.02)
|
|
Certain items
affecting comparability
|
|
$
|
50
|
|
|
8
|
|
|
0.01
|
|
Adjusted net
income (loss) (Non-GAAP)
|
|
|
|
$
|
(423)
|
|
|
$
|
(0.77)
|
|
|
*
Includes $(104) million related to interest-rate derivatives
and $59 million related to commodity derivatives.
|
Anadarko Petroleum Corporation
Reconciliation of GAAP to Non-GAAP Measures
Management believes that the presentation of Adjusted EBITDAX
(Margin) provides information useful in assessing the Company's
operating and financial performance across periods.
|
Three Months
Ended
June 30,
|
|
Six Months
Ended
June 30,
|
millions
|
2018
|
|
2017
|
|
2018
|
|
2017
|
Net income (loss)
attributable to common stockholders (GAAP)
|
$
|
29
|
|
|
$
|
(415)
|
|
|
$
|
150
|
|
|
$
|
(733)
|
|
Interest
expense
|
237
|
|
|
229
|
|
|
465
|
|
|
452
|
|
Income tax expense
(benefit)
|
125
|
|
|
(38)
|
|
|
251
|
|
|
59
|
|
Depreciation,
depletion, and amortization
|
1,003
|
|
|
1,037
|
|
|
1,993
|
|
|
2,152
|
|
Exploration
expense
|
94
|
|
|
532
|
|
|
262
|
|
|
1,616
|
|
(Gains) losses on
divestitures, net
|
(52)
|
|
|
(205)
|
|
|
(28)
|
|
|
(1,009)
|
|
Impairments
|
128
|
|
|
10
|
|
|
147
|
|
|
383
|
|
Total (gains) losses
on derivatives, net, less net cash from settlement of commodity
derivatives
|
267
|
|
|
45
|
|
|
240
|
|
|
(110)
|
|
Restructuring
charges
|
—
|
|
|
18
|
|
|
—
|
|
|
17
|
|
Consolidated
Adjusted EBITDAX (Margin) (Non-GAAP)
|
$
|
1,831
|
|
|
$
|
1,213
|
|
|
$
|
3,480
|
|
|
$
|
2,827
|
|
Total barrels of oil
equivalent (BOE)
|
58
|
|
|
57
|
|
|
116
|
|
|
129
|
|
Consolidated
Adjusted EBITDAX (Margin) per BOE
|
$
|
31.57
|
|
|
$
|
21.28
|
|
|
$
|
30.00
|
|
|
$
|
21.91
|
|
Management uses net debt to determine the Company's outstanding
debt obligations that would not be readily satisfied by its cash
and cash equivalents on hand. Management believes that using net
debt in the capitalization ratio is useful to investors in
determining the Company's leverage since the Company could choose
to use its cash and cash equivalents to retire debt. In addition,
management believes that presenting Anadarko's net debt excluding
WGP is useful because WGP is a separate public company with its own
capital structure.
|
|
|
June 30,
2018
|
|
|
|
|
|
|
|
Anadarko
|
|
|
|
Anadarko
|
|
WGP*
|
|
excluding
|
millions
|
|
|
Consolidated
|
|
Consolidated
|
|
WGP
|
Total debt
(GAAP)
|
|
|
$
|
16,293
|
|
|
$
|
4,205
|
|
|
$
|
12,088
|
|
Less cash and cash
equivalents
|
|
|
2,321
|
|
|
55
|
|
|
2,266
|
|
Net debt
(Non-GAAP)
|
|
|
$
|
13,972
|
|
|
$
|
4,150
|
|
|
$
|
9,822
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Anadarko
|
|
|
|
|
|
Anadarko
|
|
excluding
|
millions
|
|
|
|
|
Consolidated
|
|
WGP
|
Net debt
|
|
|
|
|
$
|
13,972
|
|
|
$
|
9,822
|
|
Total
equity
|
|
|
|
|
11,495
|
|
|
8,902
|
|
Adjusted
capitalization
|
|
|
|
|
$
|
25,467
|
|
|
$
|
18,724
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net debt to
adjusted capitalization ratio
|
|
|
|
|
|
55
|
%
|
|
|
52
|
%
|
|
*
Western Gas Equity Partners, LP (WGP) is a publicly traded
consolidated subsidiary of Anadarko, and Western Gas Partners, LP
(WES) is a consolidated subsidiary of WGP.
|
Anadarko Petroleum
Corporation
|
Cash Flow
Information
|
(Unaudited)
|
|
|
Quarter
Ended
|
|
Six Months
Ended
|
|
June
30,
|
|
June
30,
|
millions
|
2018
|
|
2017
|
|
2018
|
|
2017
|
Cash Flows from
Operating Activities
|
|
|
|
|
|
|
|
Net income
(loss)
|
$
|
17
|
|
|
$
|
(334)
|
|
|
$
|
191
|
|
|
$
|
(609)
|
|
Adjustments to
reconcile net income (loss) to net cash provided by (used in)
operating activities
|
|
|
|
|
|
|
|
Depreciation,
depletion, and amortization
|
1,003
|
|
|
1,037
|
|
|
1,993
|
|
|
2,152
|
|
Deferred income
taxes
|
(15)
|
|
|
488
|
|
|
27
|
|
|
(172)
|
|
Dry hole expense and
impairments of unproved properties
|
43
|
|
|
454
|
|
|
149
|
|
|
1,466
|
|
Impairments
|
128
|
|
|
10
|
|
|
147
|
|
|
383
|
|
(Gains) losses on
divestitures, net
|
(52)
|
|
|
(205)
|
|
|
(28)
|
|
|
(1,009)
|
|
Total (gains) losses
on derivatives, net
|
437
|
|
|
32
|
|
|
473
|
|
|
(115)
|
|
Operating portion of
net cash received (paid) in settlement of derivative
instruments
|
(171)
|
|
|
13
|
|
|
(234)
|
|
|
5
|
|
Other
|
65
|
|
|
76
|
|
|
139
|
|
|
159
|
|
Changes in assets and
liabilities
|
(230)
|
|
|
(714)
|
|
|
(202)
|
|
|
(280)
|
|
Net Cash Provided by
(Used in) Operating Activities
|
$
|
1,225
|
|
|
$
|
857
|
|
|
$
|
2,655
|
|
|
$
|
1,980
|
|
Net Cash Provided by
(Used in) Investing Activities
|
$
|
(1,943)
|
|
|
$
|
(504)
|
|
|
$
|
(3,056)
|
|
|
$
|
1,219
|
|
Net Cash Provided by
(Used in) Financing Activities
|
$
|
(319)
|
|
|
$
|
(174)
|
|
|
$
|
(1,826)
|
|
|
$
|
(372)
|
|
|
|
|
|
|
|
|
|
Capital
Expenditures
|
|
|
|
|
|
|
|
Exploration and
Production and other
|
$
|
1,257
|
|
|
$
|
955
|
|
|
$
|
2,371
|
|
|
$
|
1,900
|
|
WES
Midstream
|
301
|
|
|
151
|
|
|
628
|
|
|
437
|
|
Other
Midstream*
|
240
|
|
|
104
|
|
|
503
|
|
|
128
|
|
Total
|
$
|
1,798
|
|
|
$
|
1,210
|
|
|
$
|
3,502
|
|
|
$
|
2,465
|
|
Anadarko Petroleum
Corporation
|
(Unaudited)
|
|
|
Quarter
Ended
|
|
Six Months
Ended
|
Summary Financial
Information
|
June
30,
|
|
June
30,
|
millions except
per-share amounts
|
2018
|
|
2017
|
|
2018
|
|
2017
|
Consolidated
Statements of Income
|
|
|
|
|
|
|
|
Revenues and
Other
|
|
|
|
|
|
|
|
Oil sales
|
$
|
2,265
|
|
|
$
|
1,422
|
|
|
$
|
4,392
|
|
|
$
|
3,085
|
|
Natural-gas
sales
|
203
|
|
|
319
|
|
|
450
|
|
|
821
|
|
Natural-gas liquids
sales
|
318
|
|
|
214
|
|
|
610
|
|
|
503
|
|
Gathering,
processing, and marketing sales
|
382
|
|
|
464
|
|
|
742
|
|
|
908
|
|
Gains (losses) on
divestitures and other, net
|
123
|
|
|
297
|
|
|
142
|
|
|
1,166
|
|
Total
|
3,291
|
|
|
2,716
|
|
|
6,336
|
|
|
6,483
|
|
Costs and
Expenses
|
|
|
|
|
|
|
|
Oil and gas
operating
|
275
|
|
|
229
|
|
|
551
|
|
|
485
|
|
Oil and gas
transportation
|
209
|
|
|
229
|
|
|
405
|
|
|
478
|
|
Exploration
|
94
|
|
|
532
|
|
|
262
|
|
|
1,616
|
|
Gathering,
processing, and marketing
|
252
|
|
|
355
|
|
|
489
|
|
|
705
|
|
General and
administrative
|
288
|
|
|
244
|
|
|
566
|
|
|
507
|
|
Depreciation,
depletion, and amortization
|
1,003
|
|
|
1,037
|
|
|
1,993
|
|
|
2,152
|
|
Production, property,
and other taxes
|
201
|
|
|
135
|
|
|
391
|
|
|
290
|
|
Impairments
|
128
|
|
|
10
|
|
|
147
|
|
|
383
|
|
Other operating
expense
|
22
|
|
|
12
|
|
|
162
|
|
|
34
|
|
Total
|
2,472
|
|
|
2,783
|
|
|
4,966
|
|
|
6,650
|
|
Operating Income
(Loss)
|
819
|
|
|
(67)
|
|
|
1,370
|
|
|
(167)
|
|
Other (Income)
Expense
|
|
|
|
|
|
|
|
Interest
expense
|
237
|
|
|
229
|
|
|
465
|
|
|
452
|
|
(Gains) losses on
derivatives, net
|
436
|
|
|
32
|
|
|
471
|
|
|
(115)
|
|
Other (income)
expense, net
|
4
|
|
|
44
|
|
|
(8)
|
|
|
46
|
|
Total
|
677
|
|
|
305
|
|
|
928
|
|
|
383
|
|
Income (Loss)
Before Income Taxes
|
142
|
|
|
(372)
|
|
|
442
|
|
|
(550)
|
|
Income tax expense
(benefit)
|
125
|
|
|
(38)
|
|
|
251
|
|
|
59
|
|
Net Income
(Loss)
|
17
|
|
|
(334)
|
|
|
191
|
|
|
(609)
|
|
Net income (loss)
attributable to noncontrolling interests
|
(12)
|
|
|
81
|
|
|
41
|
|
|
124
|
|
Net Income (Loss)
Attributable to Common Stockholders
|
$
|
29
|
|
|
$
|
(415)
|
|
|
$
|
150
|
|
|
$
|
(733)
|
|
Per Common
Share
|
|
|
|
|
|
|
|
Net income (loss)
attributable to common stockholders—basic
|
$
|
0.05
|
|
|
$
|
(0.76)
|
|
|
$
|
0.28
|
|
|
$
|
(1.34)
|
|
Net income (loss)
attributable to common stockholders—diluted
|
$
|
0.05
|
|
|
$
|
(0.76)
|
|
|
$
|
0.28
|
|
|
$
|
(1.34)
|
|
Average Number of
Common Shares Outstanding—Basic
|
504
|
|
|
552
|
|
|
511
|
|
|
552
|
|
Average Number of
Common Shares Outstanding—Diluted
|
505
|
|
|
552
|
|
|
512
|
|
|
552
|
|
|
|
|
|
|
|
|
|
Exploration
Expense
|
|
|
|
|
|
|
|
Dry hole
expense
|
$
|
2
|
|
|
$
|
367
|
|
|
$
|
55
|
|
|
$
|
843
|
|
Impairments of
unproved properties
|
41
|
|
|
87
|
|
|
94
|
|
|
623
|
|
Geological and
geophysical, exploration overhead, and other expense
|
51
|
|
|
78
|
|
|
113
|
|
|
150
|
|
Total
|
$
|
94
|
|
|
$
|
532
|
|
|
$
|
262
|
|
|
$
|
1,616
|
|
Anadarko Petroleum
Corporation
|
(Unaudited)
|
|
|
|
|
|
|
June
30,
|
|
December
31,
|
millions
|
|
|
|
|
2018
|
|
2017
|
Condensed Balance
Sheets
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
|
|
|
|
$
|
2,321
|
|
|
$
|
4,553
|
|
Accounts receivable,
net of allowance
|
|
|
|
|
1,909
|
|
|
1,829
|
|
Other current
assets
|
|
|
|
|
402
|
|
|
380
|
|
Net properties and
equipment
|
|
|
|
|
28,502
|
|
|
27,451
|
|
Other
assets
|
|
|
|
|
2,301
|
|
|
2,211
|
|
Goodwill and other
intangible assets
|
|
|
|
|
5,646
|
|
|
5,662
|
|
Total
Assets
|
|
|
|
|
$
|
41,081
|
|
|
$
|
42,086
|
|
Short-term debt -
Anadarko*
|
|
|
|
|
910
|
|
|
142
|
|
Short-term debt -
WGP/WES
|
|
|
|
|
28
|
|
|
—
|
|
Other current
liabilities
|
|
|
|
|
4,489
|
|
|
3,764
|
|
Long-term debt -
Anadarko*
|
|
|
|
|
11,178
|
|
|
12,054
|
|
Long-term debt -
WGP/WES
|
|
|
|
|
4,177
|
|
|
3,493
|
|
Deferred income
taxes
|
|
|
|
|
2,317
|
|
|
2,234
|
|
Asset
retirement obligations
|
|
|
|
|
2,456
|
|
|
2,500
|
|
Other long-term
liabilities
|
|
|
|
|
4,031
|
|
|
4,109
|
|
Common
stock
|
|
|
|
|
57
|
|
|
57
|
|
Paid-in
capital
|
|
|
|
|
12,306
|
|
|
12,000
|
|
Retained
earnings
|
|
|
|
|
1,054
|
|
|
1,109
|
|
Treasury
stock
|
|
|
|
|
(4,105)
|
|
|
(2,132)
|
|
Accumulated other
comprehensive income (loss)
|
|
|
|
|
(410)
|
|
|
(338)
|
|
Total stockholders'
equity
|
|
|
|
|
8,902
|
|
|
10,696
|
|
Noncontrolling
interests
|
|
|
|
|
2,593
|
|
|
3,094
|
|
Total
Equity
|
|
|
|
|
11,495
|
|
|
13,790
|
|
Total Liabilities and
Equity
|
|
|
|
|
$
|
41,081
|
|
|
$
|
42,086
|
|
Capitalization
|
|
|
|
|
|
|
|
Total debt
|
|
|
|
|
$
|
16,293
|
|
|
$
|
15,689
|
|
Total
equity
|
|
|
|
|
11,495
|
|
|
13,790
|
|
Total
|
|
|
|
|
$
|
27,788
|
|
|
$
|
29,479
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capitalization
Ratios
|
|
|
|
|
|
|
|
|
|
|
|
Total
debt
|
|
|
|
|
|
59
|
%
|
|
|
53
|
%
|
Total
equity
|
|
|
|
|
|
41
|
%
|
|
|
47
|
%
|
Anadarko Petroleum
Corporation
|
(Unaudited)
|
|
Sales Volumes and
Prices
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Daily Sales
Volumes
|
|
Sales
Volumes
|
|
Average Sales
Price
|
|
Oil
|
|
Natural
Gas
|
|
NGLs
|
|
Oil
|
|
Natural
Gas
|
|
NGLs
|
|
Oil
|
|
Natural
Gas
|
|
NGLs
|
|
MBbls/d
|
|
MMcf/d
|
|
MBbls/d
|
|
MMBbls
|
|
Bcf
|
|
MMBbls
|
|
Per Bbl
|
|
Per Mcf
|
|
Per Bbl
|
Quarter Ended June
30, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United
States
|
284
|
|
|
1,037
|
|
|
95
|
|
|
27
|
|
|
94
|
|
|
8
|
|
|
$
|
66.94
|
|
|
$
|
2.15
|
|
|
$
|
34.66
|
|
Algeria
|
52
|
|
|
—
|
|
|
5
|
|
|
5
|
|
|
—
|
|
|
1
|
|
|
74.73
|
|
|
—
|
|
|
39.34
|
|
Other
International
|
28
|
|
|
—
|
|
|
—
|
|
|
2
|
|
|
—
|
|
|
—
|
|
|
71.76
|
|
|
—
|
|
|
—
|
|
Total
|
364
|
|
|
1,037
|
|
|
100
|
|
|
34
|
|
|
94
|
|
|
9
|
|
|
$
|
68.43
|
|
|
$
|
2.15
|
|
|
$
|
34.88
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended June
30, 2017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United
States
|
243
|
|
|
1,238
|
|
|
89
|
|
|
22
|
|
|
113
|
|
|
8
|
|
|
$
|
46.68
|
|
|
$
|
2.84
|
|
|
$
|
24.82
|
|
Algeria
|
59
|
|
|
—
|
|
|
5
|
|
|
6
|
|
|
—
|
|
|
—
|
|
|
48.20
|
|
|
—
|
|
|
30.48
|
|
Other
International
|
29
|
|
|
—
|
|
|
—
|
|
|
2
|
|
|
—
|
|
|
—
|
|
|
49.44
|
|
|
—
|
|
|
—
|
|
Total
|
331
|
|
|
1,238
|
|
|
94
|
|
|
30
|
|
|
113
|
|
|
8
|
|
|
$
|
47.19
|
|
|
$
|
2.84
|
|
|
$
|
25.14
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
June 30, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United
States
|
286
|
|
|
1,044
|
|
|
93
|
|
|
52
|
|
|
189
|
|
|
17
|
|
|
$
|
64.75
|
|
|
$
|
2.38
|
|
|
$
|
33.97
|
|
Algeria
|
54
|
|
|
—
|
|
|
5
|
|
|
10
|
|
|
—
|
|
|
1
|
|
|
70.93
|
|
|
—
|
|
|
40.06
|
|
Other
International
|
28
|
|
|
—
|
|
|
—
|
|
|
5
|
|
|
—
|
|
|
—
|
|
|
69.70
|
|
|
—
|
|
|
—
|
|
Total
|
368
|
|
|
1,044
|
|
|
98
|
|
|
67
|
|
|
189
|
|
|
18
|
|
|
$
|
66.03
|
|
|
$
|
2.38
|
|
|
$
|
34.27
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June
30, 2017
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United
States
|
256
|
|
|
1,547
|
|
|
100
|
|
|
46
|
|
|
280
|
|
|
18
|
|
|
$
|
48.01
|
|
|
$
|
2.93
|
|
|
$
|
25.79
|
|
Algeria
|
64
|
|
|
—
|
|
|
6
|
|
|
12
|
|
|
—
|
|
|
1
|
|
|
50.89
|
|
|
—
|
|
|
34.36
|
|
Other
International
|
29
|
|
|
—
|
|
|
—
|
|
|
5
|
|
|
—
|
|
|
—
|
|
|
51.57
|
|
|
—
|
|
|
—
|
|
Total
|
349
|
|
|
1,547
|
|
|
106
|
|
|
63
|
|
|
280
|
|
|
19
|
|
|
$
|
48.84
|
|
|
$
|
2.93
|
|
|
$
|
26.27
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Daily
Sales
Volumes
MBOE/d
|
|
Sales
Volumes
MMBOE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended June
30, 2018
|
637
|
|
58
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended June
30, 2017
|
631
|
|
57
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
June 30, 2018
|
640
|
|
116
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June
30, 2017
|
713
|
|
129
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales Revenue and
Commodity Derivatives
|
|
|
|
|
|
|
|
|
Sales
|
|
|
Net Cash Received
(Paid) from Settlement of Commodity
Derivatives
|
millions
|
Oil
|
|
Natural
Gas
|
|
NGLs
|
|
|
Oil
|
|
Natural
Gas
|
|
NGLs
|
Quarter Ended June
30, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
United
States
|
$
|
1,726
|
|
|
$
|
203
|
|
|
$
|
301
|
|
|
|
$
|
(176)
|
|
|
$
|
6
|
|
|
$
|
—
|
|
Algeria
|
359
|
|
|
—
|
|
|
17
|
|
|
|
—
|
|
|
—
|
|
|
—
|
|
Other
International
|
180
|
|
|
—
|
|
|
—
|
|
|
|
—
|
|
|
—
|
|
|
—
|
|
Total
|
$
|
2,265
|
|
|
$
|
203
|
|
|
$
|
318
|
|
|
|
$
|
(176)
|
|
|
$
|
6
|
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended June
30, 2017
|
|
|
|
|
|
|
|
|
|
|
|
|
United
States
|
$
|
1,032
|
|
|
$
|
319
|
|
|
$
|
200
|
|
|
|
$
|
14
|
|
|
$
|
(1)
|
|
|
$
|
—
|
|
Algeria
|
260
|
|
|
—
|
|
|
14
|
|
|
|
—
|
|
|
—
|
|
|
—
|
|
Other
International
|
130
|
|
|
—
|
|
|
—
|
|
|
|
—
|
|
|
—
|
|
|
—
|
|
Total
|
$
|
1,422
|
|
|
$
|
319
|
|
|
$
|
214
|
|
|
|
$
|
14
|
|
|
$
|
(1)
|
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended
June 30, 2018
|
|
|
|
|
|
|
|
|
|
|
United
States
|
$
|
3,349
|
|
|
$
|
450
|
|
|
$
|
575
|
|
|
|
$
|
(243)
|
|
|
$
|
5
|
|
|
$
|
—
|
|
Algeria
|
690
|
|
|
—
|
|
|
35
|
|
|
|
—
|
|
|
—
|
|
|
—
|
|
Other
International
|
353
|
|
|
—
|
|
|
—
|
|
|
|
—
|
|
|
—
|
|
|
—
|
|
Total
|
$
|
4,392
|
|
|
$
|
450
|
|
|
$
|
610
|
|
|
|
$
|
(243)
|
|
|
$
|
5
|
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June
30, 2017
|
|
|
|
|
|
|
|
|
|
|
United
States
|
$
|
2,223
|
|
|
$
|
821
|
|
|
$
|
467
|
|
|
|
$
|
15
|
|
|
$
|
(5)
|
|
|
$
|
(3)
|
|
Algeria
|
594
|
|
|
—
|
|
|
36
|
|
|
|
—
|
|
|
—
|
|
|
—
|
|
Other
International
|
268
|
|
|
—
|
|
|
—
|
|
|
|
—
|
|
|
—
|
|
|
—
|
|
Total
|
$
|
3,085
|
|
|
$
|
821
|
|
|
$
|
503
|
|
|
|
$
|
15
|
|
|
$
|
(5)
|
|
|
$
|
(3)
|
|
Anadarko Petroleum
Corporation
|
Financial and
Operating External Guidance
|
As of July 31,
2018
|
|
|
|
|
|
Note: Guidance
excludes sales volumes for Alaska and Ram Powell due to
divestiture.
|
|
|
|
|
|
|
|
3rd-Qtr
|
|
Full-Year
|
|
|
Guidance (see
Note)
|
|
Guidance (see
Note)
|
|
Units
|
|
Units
|
|
|
|
|
|
|
|
|
|
Total Sales
Volumes (MMBOE)
|
|
60
|
|
—
|
|
65
|
|
|
240
|
|
—
|
|
250
|
|
Total Sales
Volumes (MBOE/d)
|
|
652
|
|
—
|
|
707
|
|
|
658
|
|
—
|
|
685
|
|
|
|
|
|
|
|
|
|
|
Oil
(MBbl/d)
|
|
374
|
|
—
|
|
409
|
|
|
377
|
|
—
|
|
397
|
|
|
|
|
|
|
|
|
|
|
United
States
|
|
275
|
|
—
|
|
300
|
|
|
288
|
|
—
|
|
305
|
|
Algeria
|
|
65
|
|
—
|
|
71
|
|
|
60
|
|
—
|
|
62
|
|
Ghana
|
|
34
|
|
—
|
|
38
|
|
|
29
|
|
—
|
|
30
|
|
|
|
|
|
|
|
|
|
|
Natural Gas
(MMcf/d)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United
States
|
|
1,020
|
|
—
|
|
1,110
|
|
|
1,040
|
|
—
|
|
1,100
|
|
|
|
|
|
|
|
|
|
|
Natural Gas
Liquids (MBbl/d)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United
States
|
|
99
|
|
—
|
|
107
|
|
|
97
|
|
—
|
|
102
|
|
Algeria
|
|
5
|
|
—
|
|
6
|
|
|
5
|
|
—
|
|
6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ /
Unit
|
|
$ /
Unit
|
Price
Differentials vs NYMEX (w/o hedges)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Oil
($/Bbl)
|
|
(0.80)
|
|
—
|
|
3.20
|
|
|
(1.90)
|
|
—
|
|
2.00
|
|
|
|
|
|
|
|
|
|
|
United
States
|
|
(3.00)
|
|
—
|
|
1.00
|
|
|
(3.00)
|
|
—
|
|
1.00
|
|
Algeria
|
|
3.00
|
|
—
|
|
7.00
|
|
|
3.00
|
|
—
|
|
7.00
|
|
Ghana
|
|
3.00
|
|
—
|
|
7.00
|
|
|
3.00
|
|
—
|
|
7.00
|
|
|
|
|
|
|
|
|
|
|
Natural Gas
($/Mcf)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United
States
|
|
(0.75)
|
|
—
|
|
(0.50)
|
|
|
(0.70)
|
|
—
|
|
(0.45)
|
|
|
|
|
|
|
|
|
|
|
Anadarko Petroleum
Corporation
|
Financial and
Operating External Guidance
|
As of July 31,
2018
|
|
|
|
|
|
Note: Guidance
excludes items affecting comparability.
|
|
|
|
|
|
|
|
3rd-Qtr
|
|
Full-Year
|
|
|
Guidance (see
Note)
|
|
Guidance (see
Note)
|
|
|
$
MM
|
|
$
MM
|
Other
Revenues
|
|
|
|
|
|
|
|
|
Marketing and
Gathering Margin
|
|
145
|
|
—
|
|
165
|
|
|
600
|
|
—
|
|
650
|
|
Minerals and
Other
|
|
60
|
|
—
|
|
80
|
|
|
250
|
|
—
|
|
270
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ /
BOE
|
|
$ /
BOE
|
Costs and
Expenses
|
|
|
|
|
|
|
|
|
Oil & Gas Direct
Operating
|
|
4.50
|
|
—
|
|
4.75
|
|
|
4.40
|
|
—
|
|
4.75
|
|
Oil & Gas
Transportation and Other
|
|
3.20
|
|
—
|
|
3.45
|
|
|
3.20
|
|
—
|
|
3.55
|
|
Depreciation,
Depletion, and Amortization
|
|
17.50
|
|
—
|
|
18.00
|
|
|
17.00
|
|
—
|
|
17.50
|
|
Production Taxes (% of
Product Revenue)
|
|
7.0
|
%
|
—
|
|
8.0
|
%
|
|
7.0
|
%
|
—
|
|
7.5
|
%
|
|
|
|
|
|
|
|
|
|
|
|
$
MM
|
|
$
MM
|
|
|
|
|
|
|
|
|
|
General and
Administrative
|
|
245
|
|
—
|
|
265
|
|
|
1,040
|
|
—
|
|
1,090
|
|
Other Operating
Expense
|
|
35
|
|
—
|
|
45
|
|
|
110
|
|
—
|
|
130
|
|
Exploration
Expense
|
|
|
|
|
|
|
|
|
Non-Cash
|
|
—
|
|
—
|
|
20
|
|
|
75
|
|
—
|
|
100
|
|
Cash
|
|
45
|
|
—
|
|
55
|
|
|
200
|
|
—
|
|
220
|
|
Interest Expense
(net)
|
|
235
|
|
—
|
|
245
|
|
|
930
|
|
—
|
|
960
|
|
Other (Income)
Expense
|
|
(5)
|
|
—
|
|
5
|
|
|
(20)
|
|
—
|
|
20
|
|
|
|
|
|
|
|
|
|
|
Taxes
|
|
|
|
|
|
|
|
|
Algeria (100%
Current)
|
|
60
|
%
|
—
|
|
70
|
%
|
|
60
|
%
|
—
|
|
70
|
%
|
Rest of Company
(25% Current/75% Deferred for Q3 and 25% Current/75% Deferred for
Total Year)
|
|
20
|
%
|
—
|
|
30
|
%
|
|
20
|
%
|
—
|
|
30
|
%
|
|
|
|
|
|
|
|
|
|
Noncontrolling
Interest
|
|
65
|
|
—
|
|
85
|
|
|
200
|
|
—
|
|
250
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Avg. Shares
Outstanding (MM)
|
|
|
|
|
|
|
|
|
Basic
|
|
498
|
|
—
|
|
502
|
|
|
503
|
|
—
|
|
507
|
|
Diluted
|
|
499
|
|
—
|
|
503
|
|
|
503
|
|
—
|
|
507
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Investment
(Excluding Western Gas Partners, LP)
|
$
MM
|
|
$
MM*
|
|
|
|
|
|
|
|
|
|
APC Capital
Expenditures
|
|
1,050
|
|
—
|
|
1,250
|
|
|
4,500
|
|
—
|
|
4,800
|
|
|
|
|
|
|
|
|
|
|
* Excludes $100
million Powder River Basin lease acquisition
|
Anadarko Petroleum
Corporation
|
Commodity Hedge
Positions
|
As of July 31,
2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average
Price per barrel
|
|
|
|
Volume
(MBbls/d)
|
|
Floor
Sold
|
|
Floor
Purchased
|
|
Ceiling
Sold
|
Oil
|
|
|
|
|
|
|
|
|
Two-Way
Collars
|
|
|
|
|
|
|
|
2018
|
|
|
|
|
|
|
|
|
WTI
|
|
108
|
|
|
$
|
50.00
|
$
|
60.48
|
|
|
|
|
|
|
|
|
Fixed Price -
Financial
|
|
|
|
|
|
|
|
2018
|
|
|
|
|
|
|
|
|
Brent
|
|
84
|
$
|
61.45
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three-Way
Collars
|
|
|
|
|
|
|
|
2019
|
|
|
|
|
|
|
|
|
WTI
|
|
57
|
$
|
45.00
|
$
|
55.00
|
$
|
70.22
|
|
Brent
|
|
30
|
$
|
50.00
|
$
|
60.00
|
$
|
78.22
|
|
|
|
87
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Volume
|
|
Weighted Average
Price per MMBtu
|
|
|
|
(thousand
|
|
|
|
|
|
|
|
|
|
MMBtu/d)
|
|
Floor
Sold
|
|
Floor
Purchased
|
|
Ceiling
Sold
|
Natural
Gas
|
|
|
|
|
|
|
|
|
Three-Way
Collars
|
|
|
|
|
|
|
|
2018
|
250
|
$
|
2.00
|
$
|
2.75
|
$
|
3.54
|
|
|
|
|
|
|
|
|
|
|
Fixed Price -
Financial
|
|
|
|
|
|
|
|
2018
|
280
|
$
|
3.02
|
|
|
|
|
|
|
|
|
|
|
Interest-Rate
Derivatives
|
As of July 31,
2018
|
|
|
|
|
|
|
Instrument
|
Notional
Amt.
|
Reference
Period
|
Mandatory
Termination
Date
|
Rate
Paid
|
Rate
Received
|
Swap
|
$550
Million
|
Sept. 2016 –
2046
|
Sept. 2020
|
6.418%
|
3M LIBOR
|
Swap
|
$250
Million
|
Sept. 2016 –
2046
|
Sept. 2022
|
6.809%
|
3M LIBOR
|
Swap
|
$200
Million
|
Sept. 2017 –
2047
|
Sept. 2018
|
6.049%
|
3M LIBOR
|
Swap
|
$100
Million
|
Sept. 2017 –
2047
|
Sept. 2020
|
6.891%
|
3M LIBOR
|
Swap
|
$250
Million
|
Sept. 2017 –
2047
|
Sept. 2021
|
6.570%
|
3M LIBOR
|
Swap
|
$250
Million
|
Sept. 2017 –
2047
|
Sept. 2023
|
6.761%
|
3M LIBOR
|
Anadarko Petroleum
Corporation
|
Reconciliation of
Same-Store Sales
|
|
Average Daily
Sales Volumes
|
|
Quarter Ended June
30, 2018
|
|
Quarter Ended June
30, 2017
|
|
Oil
MBbls/d
|
|
Natural
Gas
MMcf/d
|
|
NGLs
MBbls/d
|
|
Total
MBOE/d
|
|
Oil
MBbls/d
|
|
Natural
Gas
MMcf/d
|
|
NGLs
MBbls/d
|
|
Total
MBOE/d
|
U.S.
Onshore
|
169
|
|
|
969
|
|
|
86
|
|
|
417
|
|
|
115
|
|
|
968
|
|
|
76
|
|
|
352
|
|
Gulf of
Mexico
|
114
|
|
|
66
|
|
|
9
|
|
|
134
|
|
|
112
|
|
|
102
|
|
|
9
|
|
|
138
|
|
International
|
80
|
|
|
—
|
|
|
5
|
|
|
85
|
|
|
88
|
|
|
—
|
|
|
5
|
|
|
93
|
|
Same-Store
Sales
|
363
|
|
|
1,035
|
|
|
100
|
|
|
636
|
|
|
315
|
|
|
1,070
|
|
|
90
|
|
|
583
|
|
Divestitures*
|
1
|
|
|
2
|
|
|
—
|
|
|
1
|
|
|
16
|
|
|
168
|
|
|
4
|
|
|
48
|
|
Total
|
364
|
|
|
1,037
|
|
|
100
|
|
|
637
|
|
|
331
|
|
|
1,238
|
|
|
94
|
|
|
631
|
|
|
|
|
|
|
Six Months Ended
June 30, 2018
|
|
Six Months Ended
June 30, 2017
|
|
Oil
MBbls/d
|
|
Natural
Gas
MMcf/d
|
|
NGLs
MBbls/d
|
|
Total
MBOE/d
|
|
Oil
MBbls/d
|
|
Natural
Gas
MMcf/d
|
|
NGLs
MBbls/d
|
|
Total
MBOE/d
|
U.S.
Onshore
|
163
|
|
|
968
|
|
|
84
|
|
|
408
|
|
|
115
|
|
|
1,013
|
|
|
80
|
|
|
364
|
|
Gulf of
Mexico
|
120
|
|
|
72
|
|
|
9
|
|
|
141
|
|
|
118
|
|
|
114
|
|
|
10
|
|
|
147
|
|
International
|
82
|
|
|
—
|
|
|
5
|
|
|
87
|
|
|
93
|
|
|
—
|
|
|
6
|
|
|
99
|
|
Same-Store
Sales
|
365
|
|
|
1,040
|
|
|
98
|
|
|
636
|
|
|
326
|
|
|
1,127
|
|
|
96
|
|
|
610
|
|
Divestitures*
|
3
|
|
|
4
|
|
|
—
|
|
|
4
|
|
|
23
|
|
|
420
|
|
|
10
|
|
|
103
|
|
Total
|
368
|
|
|
1,044
|
|
|
98
|
|
|
640
|
|
|
349
|
|
|
1,547
|
|
|
106
|
|
|
713
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
*
Includes Ram Powell, Alaska, Eagleford, Marcellus, Eaglebine, Utah
CBM, and Moxa.
|
View original content with
multimedia:http://www.prnewswire.com/news-releases/anadarko-announces-2018-second-quarter-results-300689634.html
SOURCE Anadarko Petroleum Corporation