Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  Anadarko Petroleum    APC

News SummaryMost relevantAll newsSector newsTweets

Anadarko Swings to 4th-Quarter Profit; Revenue Falls

share with twitter share with LinkedIn share with facebook
share via e-mail
02/04/2013 | 10:51pm CEST
   By Kristin Jones 

Anadarko Petroleum Corp. (>> Anadarko Petroleum Corporation) swung to a fourth-quarter profit compared with a prior year hit by charges tied to the 2010 Deepwater Horizon oil spill, though revenue declined as energy prices fell.

Anadarko's operations in shale fields such as the Eagle Ford in south Texas and the Wattenburg in northeast Colorado have driven higher production in recent quarters. The company has also had a string of exploration successes off the coast of Mozambique.

The energy producer has said capital spending won't increase along with projected sales, as Anadarko is working to reduce costs. Anadarko also in January sold an interest in soda-ash producer OCI Wyoming LP for about $292.5 million.

For the fourth quarter, Anadarko reported a profit of $203 million, or 40 cents a share, compared with a year-earlier loss of $358 million, or 72 cents a share. The year-earlier quarter reflected the partial impact of a $4 billion settlement Anadarko paid to U.K. oil company BP PLC (BP, BP.LN) to settle claims related to the Deepwater Horizon oil spill. Anadarko owned a 25% stake in the blown-out well that was operated by BP.

Excluding the impact of the BP settlement and other items, per-share earnings rose to 91 cents from 85 cents. Revenue fell 11% to $3.41 billion.

Analysts polled by Thomson Reuters were expecting per-share earnings of 71 cents on revenue of $3.38 billion.

Sales volume reached 68 million barrels of oil equivalent, up from 63 million BOE a year earlier and flat with the previous quarter. Revenue from oil and natural-gas liquids sales declined from a year earlier as selling prices fell.

The company said it added 434 million barrels of oil equivalent of proved reserves in 2012, replacing 162% of the oil and gas it produced during the year.

Shares edged up 1.2% to $81.45 in after-hours trading. Through the close, the stock was down 4.6% in the past 12 months.

Write to Kristin Jones at kristin.jones@dowjones.com

Corrections & Amplifications

This item was corrected at 19:12 ET (00:12 GMT) to reflect the correct timing of the sale of Anadarko's interest in OCI Wyoming LP in the third paragraph. The sale occurred in January, not earlier this month as misstated in the original version.

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Anadarko Petroleum Corporation
share with twitter share with LinkedIn share with facebook
share via e-mail
05:24a Oil companies evacuate workers as storm takes aim at Texas
08/17DJANADARKO PETROLEUM : Hackett Plans Heavy Investments With His New Oklahoma Shale..
08/17 ANADARKO PETROLEUM : Venari Resources Appoints Bob Abendschein as Chief Operatin..
08/17DJANADARKO PETROLEUM : Oilman Jim Hackett Is Back With an Oklahoma Shale Play- Upd..
08/16 ANADARKO PETROLEUM CORPORATION (NYSE : AEUA) Files An 8-K Submission of Matters ..
08/16 ANADARKO PETROLEUM : Submission of Matters to a Vote of Security Holders (form 8..
08/16 Pullback in U.S. fracking sand use pressures producers
08/10 ANADARKO PETROLEUM : Reaches Significant Mozambique LNG Milestone
08/10 ANADARKO PETROLEUM : Mourns Loss Of Director Rick George
08/08 ANADARKO PETROLEUM : Mourns Loss of Director Rick George
More news
News from SeekingAlpha
08/23 Texas refining industry on watch for possible hurricane
08/23 Analysts foresee hot market for BHP?s U.S. shale acreage
08/20 HARTSTREET : The USO Will Continue To Struggle As Delaware Core Enhanced Complet..
08/20 Tracking Ole Andreas Halvorsen's Viking Global Portfolio - Q2 2017 Update
08/16 U.S. drilling creates ?industrial inventory? of untapped wells waiting to flo..
Financials ($)
Sales 2017 11 704 M
EBIT 2017 -15,2 M
Net income 2017 -1 121 M
Debt 2017 10 693 M
Yield 2017 0,47%
P/E ratio 2017 -
P/E ratio 2018
EV / Sales 2017 2,94x
EV / Sales 2018 3,18x
Capitalization 23 686 M
Duration : Period :
Anadarko Petroleum Technical Analysis Chart | APC | US0325111070 | 4-Traders
Technical analysis trends ANADARKO PETROLEUM
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 61,7 $
Spread / Average Target 46%
EPS Revisions
Robert A. Walker Chairman, President & Chief Executive Officer
Robert G. Gwin Chief Financial Officer & Executive Vice President
Mario M. Coll Chief Information Officer & Senior Vice President
H. Paulett Eberhart Independent Director
John Rousmaniere Gordon Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CNOOC LTD-5.91%51 843
EOG RESOURCES INC-17.22%48 644