The BusinessWeek 50 Ranking
49
Anadarko Petroleum
This wildcatter is settling down. A couple of years ago, when far-flung drilling projects produced dry holes and major acquisitions caused indigestion, Anadarko saw its costs balloon and returns shrivel. So Hackett tightened the Houston-based outfit's focus, selling $3.3 billion of older and costlier properties that represented about 20% of production and using proceeds to pay down debt and buy back shares. Earnings rose 29% last year. He's looking to sustain high single-digit production growth. Even deepwater drilling in the Gulf of Mexico is paying off after years of effort.
Company Info
| 2004 Rank | 209 |
| STOCK INFO | APC |
| Market Value | $19.1 BILLION |
| Total Return | (1-yr.) 51.4%
(3-yr.) 51.3% |
| 2004 sales | $6.1 BILLION |
| Sales Growth | (1-yr.) 18%
(3-yr.) 11.0% |
| Net income | $1.6 BILLION |
| Net Income Growth | (1-yr.) 29%
(3-yr.) 39.0% |
| Net Margin* | 26.5% |
| Return on Equity* | 17.2% |
| Industry | ENERGY |
| CORPORATE WEB SITE | |
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*Trailing 12 months
Company data as of 2/28/05 provided by Standard & Poor's Compustat
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Company Snapshot
Anadarko Petroleum Corporation operates in the oil and gas exploration and production industry. The activities of the company are segregated into upstream Oil and Gas Exploration and Production, Marketing and Trading, and Minerals segments. Oil and Gas Exploration and Production segment explores and produces natural gas, crude oil, condensate, and natural gas liquids. Marketing and Trading segment engages in the gathering, transportation, and sale of the company’s natural gas production, as well as volumes of gas, oil, and natural gas liquids purchased from third parties. Minerals segment explores and produces minerals in several coal, trona, and industrial mineral mines located on lands within and adjacent to its Land Grant holdings. The Land Grant is an eight-million-acre strip running through portions of Colorado, Wyoming, and Utah where the company owns most of its fee mineral rights. As of December 31, 2003, it had proved reserves of 7.7 trillion cubic feet of natural gas, condensate, and natural gas liquids; and 1.2 billion barrels of crude oil equivalent to 2.5 billion barrels of oil or 15.1 trillion cubic feet of gas. Anadarko has drilled 430 gas wells, 219 oil wells, and 37 dry holes. The company operates predominantly in the United States, Canada, Algeria, and other. The company is headquartered in The Woodlands, Texas.
No. of Employees
NA
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