Anadarko Petroleum Corp., founded in 1959 and headquartered in The Woodlands, Texas, is a leading independent oil and natural gas exploration and production company. The company operates primarily in the United States and internationally, focusing on the development and production of hydrocarbons in various regions. Key products and services include the exploration, production, and sale of crude oil, natural gas, and natural gas liquids.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Anadarko has a notable history in bond issuance, starting with its first public bond offering in the late 1990s. The company attracted considerable attention in 2016 when it issued $1 billion in senior notes to fund restructuring efforts amidst fluctuating oil prices. Current yields on Anadarko's bonds are competitive within the industry, reflecting investor confidence post-acquisition by Occidental Petroleum in 2019, which marked a significant strategic move. The bonds have features such as call options, providing flexibility in financial management amid changing market dynamics.