• 1 day The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 5 hours European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 3 days Demonising fossil fuels has caused major grid problem in Australia
  • 7 days "And this is perhaps the most dangerous kind of government there can be."
  • 2 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 4 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 329 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 7 days ESG Topic - "German Police Raid Deutsche Bank, DWS Over Allegations Of Greenwashing" - ZeroHedge Bloomberg and others
China’s Covid Conundrum

China’s Covid Conundrum

China’s zero-Covid policy has been…

Why Chinese Imports Of U.S. LNG Collapsed

Why Chinese Imports Of U.S. LNG Collapsed

Chinese imports of LNG from…

Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

Anadarko’s Impressive Q1 Sales

Anadarko Petroleum (APC) continues to beat earnings estimates, and its quarter results released on Monday show an impressive 12%+ year-on-year increase in sales volumes—with more gains expected in the coming weeks.

The exploration and production company’s earnings report shows sales volumes of 71 million barrels of oil for Q1 2013, or 793,000 boe/day, up from 704,000 boe/day for the same period last year.

Anadarko is riding high on its Eagle Ford liquids bonanza to the tune of about 600 million barrels of oil equivalent—65% of which is oil and natural gas liquids. Anadarko also said it had record sales in the Marcellus Shale, in East Texas and in its Permian Basin oil assets.

Despite weak energy prices, Anadarko earned $1.08 per share for the quarter—an increase of 17% from last year, and 14% above expectations. 

Related article: Genel Energy Riding High on Kurdistan, Africa

Anadarko’s market cap stands at $55 billion, and analysts are looking at up to 14% revenue growth over the next two years. But what investors should really like is the cash flow, which has grown by 60% over the last two years and ensures the company has the capital to develop some of its lucrative assets.

Not only has the company beat earnings estimates for five quarters running, but its worldwide assets (including in China), are sweet prospects—from Ghana and Mozambique to Algeria.

Anadarko’s asset portfolio is impressive, onshore and offshore, from its US assets in the Rocky Mountains, Appalachian Basin, Alaska and the Gulf of Mexico, to highly prospective basins in Ghana, Mozambique, Algeria, China and New Zealand.

By. Charles Kennedy of Oilprice.com


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News