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BullsOil.com  U.S. Giants  >  Anadarko Petroleum
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Anadarko Petroleum Corporation (NYSE: APC) is one of the world’s largest independent oil and gas exploration and production companies, with 2.37 billion barrels of oil equivalent (BOE) of proved reserves and a production of 190 million BOE in 2004. Ranked No. 345 on the "Fortune 500" list that year, the company has assets worth $20 billion, and employs a worldwide workforce of about 3,400.

Anadarko, a subsidiary of Panhandle Eastern Corporation (1928-1993; Panhandle has since been acquired by Southern Union Company), was formed in 1959 after the discovery of large amounts of natural gas in the Anadarko Basin (the basin comprises the Texas and Oklahoma panhandles, and southwest Kansas), thus the company's name. It now has activities in more than a dozen countries. The United States, Canada and Algeria represent the majority of the company's proved reserves and production; U.S. onshore accounts for about 60%.

Anadarko announced on September 14th, 2006 that they had reached a deal to sell their Canadian assets, Anadarko Canada Corp., to Canadian Natural Resources Ltd.. The deal as announced is valued at $4.24 billion USD. At year end 2005, Anadarko Canada Corp. had proven reserves of 262 million BOE.
Type Public
Founded 1959
Headquarters The Woodlands, Texas
Key people James T. Hackett, President & CEO
Industry Oil Production
Products Petrochemical products
Revenue ?$10.187 billion USD (2006)
Employees 3,400 (2006)
Website Anadarko.com