Sunday 22 September 2019

Jun 26, 2019: Anadarko Petroleum Corporation Year-to-Date Return is 60.38%

Anadarko Petroleum Corporation is a company engaged in hydrocarbon exploration. It is 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. The production output is 666 thousand barrels of oil equivalent (4,070,000 GJ) per day.

Anadarko Petroleum Corporation is the stock NYSE: APC. The year-to-date return is 60.38%. Anadarko Petroleum is a Texas-based energy company specializing in hydrocarbon exploration. The company's stock growth is 60.38% this year so far. This has not been consistent. The stock greatly increased in price in April, first by 32% in a day after the announcement of its acquisition by oil giant Chevron. It increased again by 11.6% following the confirmation of a proposal from Occidental Petroleum stating that APC shareholders would receive $38.00 in cash and 0.6094 shares of Occidental common stock for each share of Anadarko common stock. Anadarko's price has been stable since mid-May. It is holding on to April's big gains.

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