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Anadarko Petroleum Corporation was a company engaged in hydrocarbon exploration. It was organized in Delaware and headquartered in two skyscrapers in The Woodlands, Texas: the Allison Tower and the Hackett Tower, both named after former CEOs of the company. In 2019, the company was acquired by Occidental Petroleum .
On June 23, 2006, Anadarko Petroleum acquired Kerr-McGee in an all-cash transaction totalling $16.5 billion plus $2.6 billion in debt and all operations moved from their base in Oklahoma, United States. As a result of further acquisitions, most of the former Kerr-McGee is now part of Occidental Petroleum .
In August 2019, Occidental acquired Anadarko Petroleum for $57 billion, making the deal the world's fourth biggest oil and gas acquisition to date. In August 2023, Occidental acquired all the outstanding equity of the direct air capture technology company, Carbon Engineering for $1.1 billion.
Among the bigger oil exploration companies in the United States, Anadarko Petroleum is an exception. A malady affecting big oil companies The international oil companies, or IOCs as they are ...
Source: Anadarko Petroleum Oil and gas major Anadarko Petroleum is one of the world's largest independent exploration and production companies, with approximately 2.79 billion barrels of oil ...
Though Anadarko Petroleum is well known for its international asset portfolio, which includes sizable stakes in the Jubilee field off Ghana's shore, the El Merk project in Algeria's Sahara Desert ...
The company was ranked as the 14th most polluting company in the world by The Guardian in 2019. It is responsible for 0.91% of global industrial greenhouse gas emissions from 1988 to 2015. The Conoco Museum in Ponca City, Oklahoma, and the Phillips Petroleum Company Museum in Bartlesville, Oklahoma, are dedicated to the history of the company.
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Originally, Anadarko Petroleum owned 25% stake but in October 2011 this was transferred to BP as a part of a wider settlement between the companies. The prospect may have held 50 million barrels (7.9 × 10 ^ 6 m 3) producible reserves of oil. It is 41 miles (66 km) offshore [citation needed] and 130 miles (210 km) from New Orleans.
Anadarko Petroleum's recent adverse environmental cleanup news eclipses its liquefied natural gas, or LNG, developments in East Africa.