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Anadarko Petroleum Corp

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  • *Exxon Mobil front-runner for Mozambique LNG stake-sources. MILAN/ LONDON/ SINGAPORE, April 16- Anadarko Petroleum is considering selling its multi-billion dollar stake in Mozambique's giant gas reserves, with Exxon Mobil and Qatar Petroleum both showing interest, banking and industry sources said. The world's largest oil firm has been expected to follow...

  • A 3,000% tax rate? Be glad it's not you Wednesday, 15 Apr 2015 | 12:39 PM ET
    Fracking crews member watches over water tanks at an Anadarko Petroleum Corporation site near Brighton, Colorado.

    There are 10 companies in the S&P that paid effective tax rates of 60% or greater last year. USA Today reports.

  • Look here for next energy sector merger: Analyst Thursday, 9 Apr 2015 | 12:51 PM ET
    Barrels are filled with oil at a Royal Dutch Shell lubricants blending plant in Torzhok, Russia.

    Spotting the next big energy sector could be tougher than investors expect, Henderson Global Investors' Matthew Beesley says.

  • These could be the next energy buyers and sellers Wednesday, 8 Apr 2015 | 11:49 AM ET

    Exxon could make a deal soon, and targets for oil majors range from U.S. shale producers to distressed mining and resources firms, analysts tell CNBC.

  • 5 stocks to buy on oil's high supply Thursday, 2 Apr 2015 | 6:42 PM ET
    An oil well owned an operated by Apache Corp. in the Permian Basin, Garden City, Texas.

    "Fast Money" traders discussed how to play the Iran nuclear agreement's effect on an already heavily supplied oil market.

  • HOUSTON/ WILLISTON, N.D., March 18- With the prospect of another plunge in crude prices looming after two months of stability, U.S. shale oil producers may face another round of spending cuts to conserve cash and survive the downturn. "If I were an oil company today, I would talk about one thing: how far can you cut costs," said Fadel Gheit, an oil analyst at Oppenheimer in New...

  • The Houston company forecast 2015 capital investments in the range of $5.4 billion to $5.8 billion, excluding those associated with its Western Gas Partners LP unit. In addition to earmarking 60 percent of its budget for onshore shale wells, Anadarko said it plans to drill nine to 12 deepwater exploration wells offshore Colombia, Kenya and the Gulf of Mexico.

  • March 3- Anadarko Petroleum Corp said it would reduce spending by about 33 percent this year, as the exploration and production company responds to lower crude oil prices. The company forecast capital investments in the range of $5.4 billion- $5.8 billion, excluding investments associated with its Western Gas Partners LP unit. Anadarko's cut follows similar...

  • HOUSTON, Feb 23- Shale oil producers are throttling back so quickly on drilling that U.S. crude output could fall sooner than expected, within months, executives say as they slash costs to cope with tumbling crude prices and compete with Persian Gulf rivals. For one, companies are cutting costs deeper and faster than before as Wall Street investors increasingly...

  • LONDON, Feb 20- EOG Resources became the latest major shale producer to state that it would "delay a significant number of completions" when it announced fourth-quarter results. Continental Resources has also announced plans to go slow on well completions in response to the slump in oil prices. In North Dakota, there were an estimated 750 wells that had been...

  • NEW YORK, Feb 11- James Garrity, a partner in the law firm Morgan Lewis& Bockius, is returning to the bench as a U.S. bankruptcy judge in New York after more than a 15- year absence, court officials announced on Wednesday. Bankruptcy Judge Allan Gropper on Feb. 17, according to the 2nd U.S. Circuit Court of Appeals, which oversees bankruptcy judge succession in the...

  • Oil layoffs could come back to haunt the industry Tuesday, 10 Feb 2015 | 11:10 AM ET
    Flared natural gas is burned off at Apache Corporations operations at the Deadwood natural gas plant in the Permian Basin in Garden City, Texas.

    Job cuts are inevitable as oil prices tumble, but layoffs today could have significant ramifications for the sector tomorrow.

  • BOSTON, Feb 8- These are nervous times at the top of North America's oil companies. "2014 is going to look like a pretty good year for most," said Mike Halloran, senior partner and executive compensation specialist at the Dallas office of consulting firm Mercer. In dollar terms, energy company CEOs made an average of $7.3 million in 2013 compared with an average of $5.3...

  • Tuesday's midday movers: Target, Lear, NYT & more Tuesday, 3 Feb 2015 | 1:01 PM ET
    NYSE New York Stock Exchange traders markets

    Take a look at some of Tuesday's midday movers:

  • Anadarko CEO sees big cuts in capex in 2015 Tuesday, 3 Feb 2015 | 12:01 PM ET
    Fracking crews member watches over water tanks at an Anadarko Petroleum Corporation site near Brighton, Colorado.

    Anadarko's capital expenditures in 2015 will be sharply lower than last year because of the collapse in crude oil prices, the company's CEO said.

  • Sorry, but the oil rout isn't over yet: Analyst Tuesday, 3 Feb 2015 | 11:54 AM ET
    Crews work at Anadarko's centralized fracking facility and drill site near Fort Lupton, Colorado.

    Despite a 15 percent jump in oil prices since Thursday, U.S. crude is not heading back to $55 per barrel, Stewart Glickman told CNBC.

  • Are commodities really bottoming out? Tuesday, 3 Feb 2015 | 10:08 AM ET
    A contractor works in the control room at an Anadarko Petroleum Corp. oil rig site in Fort Lupton, Colorado.

    The news on oil is still mostly bearish but analysts and strategists are again trying to call a bottom.

  • Early movers: UPS, WEN, RSH, AET, SPLS & more Tuesday, 3 Feb 2015 | 8:11 AM ET
    NYSE exchange floor

    Some of the names on the move ahead of the open.

  • After-hours buzz: Anadarko, Cliffs Natural & more Monday, 2 Feb 2015 | 5:23 PM ET
    market-insider-stocks-to-watch-AB-200.jpg

    Check out which companies are making headlines after the bell Monday: Anadarko, Cliffs Natural, Rent-A-Center & more.

  • Stocks close up sharply, boosted by Greece and oil Monday, 2 Feb 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed sharply higher on encouraging news from the Eurozone and stronger oil prices.