Anadarko Petroleum Corp. today announced that its board of directors, in consultation with its financial and legal advisors, has unanimously determined that the revised acquisition proposal it received from Occidental Petroleum Corp. on May 5, 2019 constitutes a "Superior Proposal" as defined in Anadarko's previously announced merger agreement [...]
Anadarko Petroleum Corp. today confirmed that it has received a revised proposal from Occidental Petroleum Corp. on May 5, 2019 under which Anadarko shareholders would receive $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock. As disclosed previously, Anadarko entered into a definitive merger agreement [...]
HOUSTON, April 29, 2019 /PRNewswire/ -- Anadarko Petroleum Corp. today announced that it intends to resume negotiations with Occidental Petroleum Corp. in response to Occidental's proposal to acquire Anadarko, which was announced by Occidental on April 24, 2019 . As disclosed previously, Anadarko entered into a definitive merger agreement with [...]
HOUSTON, April 25, 2019 /PRNewswire/ -- Anadarko Petroleum Corp. today announced 2019 first?quarter results, reporting a net loss attributable to common stockholders of $15 million, or $0.03 per share . These results include certain items typically excluded by the investment community in published estimates. In total, these items decreased net [...]
HOUSTON, April 24, 2019 /PRNewswire/ -- Anadarko Petroleum Corp. today confirmed that it has received an unsolicited proposal from Occidental Petroleum Corp. on April 24, 2019 under which Anadarko shareholders would receive $38.00 in cash and 0.6094 shares of Occidental common stock for each share of Anadarko common stock. As previously announced [...]
Bluware Corp., the digital innovation platform for seismic data, announced today a global agreement with Anadarko Petroleum Corp., to develop machine-learning and cloud-enabled geophysical workflows, delivering business value to Anadarko's asset teams. The companies have been working together since 2018 harnessing Bluware's Platform capabilities [...]
Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Anadarko Petroleum Corp. breached their fiduciary duties in connection with the proposed sale of the Company to Chevron Corp. On April 12, 2019, Anadarko announced that it had signed a definitive merger agreement with Chevron. Under the [...]
Chevron Corp. announced today that it has entered into a definitive agreement with Anadarko Petroleum Corp. to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. Based on Chevron’s closing price on April 11, 2019 and under the terms of the agreement, Anadarko shareholders [...]
Anadarko Petroleum Corp. today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement with Pertamina. The SPA is for 1 million tonnes per annum for a term of 20 years. "Indonesia is expected to be one of the fastest growing natural gas markets [...]
Anadarko Petroleum Corp. today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement with Bharat Gas Resources Ltd., a wholly owned subsidiary of Bharat Petroleum Corporation Ltd. . The SPA is for 1 million tonnes per annum for a term of 15 years [...]
The board of directors of Anadarko Petroleum Corp. today declared a quarterly cash dividend on the company's common stock of 30 cents per share, payable March 27, 2019, to stockholders of record at the close of business on March 13, 2019. The amount of future dividends for Anadarko common stock will depend on earnings, financial condition, capital [...]
Reaffirms 2019 Capital Program And Expectations HOUSTON, Feb. 5, 2019 /PRNewswire/ -- Anadarko Petroleum Corp. today announced 2018 fourth?quarter results, reporting net income attributable to common stockholders of $102 million, or $0.21 per share . These results include certain items typically excluded by the investment community in published [...]