Company report
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24 Pages

Anadarko corporate report

Anadarko corporate report

Report summary

The flexibility and strength of Anadarko's portfolio has enabled it to adapt quickly to the oil price collapse and uncertain macro-outlook. While the company will continue to focus on re-setting its cost base in 2016, the approach to acquire Apache also shows that it sees opportunity in the current environment. However, Anadarko is highly leveraged and the slump in its market value, combined with its highly attractive portfolio, leaves it vulnerable to takeover.

What's included?

This report includes 2 file(s)

  • Anadarko corporate report PDF - 1.15 MB 24 Pages, 8 Tables, 27 Figures
  • Anadarko Corporate Report.xls XLS - 3.25 MB


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
  • Strategy
    • Recent strategic moves
    • Current strategic positioning
    • Strategic priorities
      • 1. Protecting the balance sheet
      • 2. Preparing the Permian as the long-term growth platform
      • 3. North America gas portfolio has scale and robust economics
      • 4. Focus on infrastructure-led deepwater projects, low prices could create opportunity
      • 5. Sustaining a leading exploration performance
  • Financial health
    • No near-term liquidity concerns, but will look to reduce debt
  • Resources, reserves and production
    • Resources and reserves overview
    • Production overview
  • Key success factors
  • Economic assumptions

In this report there are 35 tables or charts, including:

  • Executive summary
    • SWOT analysis
  • Strategy
    • Relative share price performance
    • Benchmark: market premium/discount to WM NPV,10
    • Strategic fit of upstream regions
    • Benchmark: WM production outlook
    • Benchmark: WM production CAGR (2015-2020)
    • Portfolio NPV,10 growth
    • Production CAGR by resource theme (2015-2020)
    • Benchmark: new project returns
    • Benchmark: WM capex by development status
    • Anadarko's tight oil portfolio
    • Benchmarking: tight oil production
    • Benchmark: NA unconventional commercial gas resources by NPV,10 breakeven
    • Key future deepwater developments and discoveries
    • Benchmark: 5-yr exploration value creation
    • Benchmark: 5-yr volumes discovered
    • Benchmark: top deepwater acreage holders
    • Anadarko's deepwater licence expiry outlook
  • Financial health
    • Projected year-end net debt
    • Brent price required for cash flow neutrality
    • Benchmark: cash-burn outlook under low price
    • Debt to capital ratio versus debt covenants
  • Resources, reserves and production
    • Benchmark: reserves and resources detail
    • Benchmark: reserves and resources life
    • Reported historic and Wood Mackenzie forecast total production
    • Production by resource theme
    • Production by development stage
  • Key success factors
    • Top assets by value
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Base price assumptions (nominal terms)
    • Base, high and low Brent (nominal terms)
    • High price assumptions
    • Low price assumptions
    • Valuation assumptions
    • Foreign exchange rate assumptions
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Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

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