Anadarko Ups Capital Spending for 2017 as it Pursues Growth in Prosperous DJ, Delaware Basins
Anadarko Ups Capital Spending for 2017 as it Pursues Growth in Prosperous DJ, Delaware Basins
SUGAR LAND--May 4, 2017--Researched Industrial Info Resources (Sugar Land, Texas)--Anadarko Petroleum Corporation (NYSE:APC) (The Woodlands, Texas) is not enjoying the recent rally in commodity prices as much as bigger Oil & Gas producers, like Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) and Chevron Corporation (NYSE:CVX) (San Ramon, California), as higher expenses and a tragic explosion in Colorado, one of its most invested states, have dampened its outlook. Anadarko is upping its investments in the Denver-Julesburg and Delaware basins, where it is seeing some of its strongest results, and expanding development in the deepwater Gulf of Mexico. Industrial Info is tracking more than $13.8 billion in active projects involving Anadarko.
Within this article: Details on some of Anadarko's highest-valued projects in the Delaware Basin and the deepwater Gulf of Mexico.
Other companies featured: Freeport McMoRan Incorporated (NYSE:FCX), BP plc (NYSE:BP), ConocoPhillips (NYSE:COP), Royal Dutch Shell plc (NYSE:RDS.A)
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