Anadarko Petroleum

Oil and gas exploration and production company.

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Headquarters:
1201 Lake Robbins Drive
The Woodlands, TX 77380
Employees: 4,000
CEO: James Hackett
Stock Symbol: APC

Website: http://www.anadarko.com

Career Site

Anadarko is one of the largest independent oil and gas exploration and production companies in the world.

The Company's major areas of operation are located onshore in the United States, the deepwater of the Gulf of Mexico and Algeria. Anadarko also has production in China and a development project in Brazil and is executing strategic exploration programs in several other countries. The Company actively markets natural gas, oil and natural gas liquids (NGLs) and owns and operates gas gathering and processing systems. In addition, the Company has hard minerals properties that contribute operating income through non-operated joint ventures and royalty arrangements in several coal, trona (natural soda ash) and industrial mineral mines located on lands within and adjacent to its Land Grant holdings. The Land Grant is an 8 million acre strip running through portions of Colorado, Wyoming and Utah where the Company owns most of its fee mineral rights.

In 2007, the company had record revenues of $15.89 billion and net income of $3.78 billion.

Anadarko said its proven reserves were 2.43 billion barrels at the end of 2007, balanced between natural gas (58%, or 8.50 trillion cubic feet) and liquids (42%, or 1.01 billion barrels), which include crude oil, condensate and natural gas liquids.

The company was named Anadarko in 1959, a subsidiary of Panhandle Eastern Pipe Line Company. The word Anadarko comes from "nadarko" - a centuries-old American Indian word signifying "those who ate the honey of the bumble-bee.

On August 10, 2006, Anadarko completed the acquisition of Kerr-McGee Corporation (Kerr-McGee) in an all-cash transaction totaling $16.5 billion plus the assumption of approximately $2.6 billion in debt. On August 23, 2006, Anadarko completed the acquisition of Western Gas Resources, Inc. (Western) in an all-cash transaction totaling $4.8 billion plus the assumption of $625 million in debt.

Benefits

Employee Savings Plan ­ 401(k) · Company matches 100% of first 6% of employee contributions
· Immediate vesting
· Automatic enrollment at 3%
· 36 investment options available
· Roth 401(k) feature available
Retirement Plan · 100% vested after five years of service
· Benefit based on years of service, final average compensation, and age at retirement
Medical Plan · Plan options based on resident zip code
· Pre-existing conditions are covered
· Prescription drug coverage included
Dental Plan · Plan pays 100% of preventive, 80% basic, and 50% of major and orthodontia
expenses
· $50 annual deductible for general dentistry (basic and major)
· $1,500 annual maximum per person for preventive and general dentistry
· $1,750 lifetime maximum orthodontia
Vision Plan · In and Out of Network coverage for exams and eyeglasses or contact lenses
Spending Accounts · Funded with pre-tax payroll deductions
· Reimburse up to $5,000 a year for each Spending Account for IRS eligible expenses
Employee Life · Employee covered up to 6x base pay, not to exceed $1,500,000
Dependent Life · Spouse is covered for $25,000, $50,000, or $100,000
· Each dependent child is covered for $10,000 or $20,000
Accidental Death · Employee paid coverage available in $50,000 increments
· Maximum employee paid is 10x base pay, not to exceed $1,500,000
· Spouse is covered at 50% of employee paid coverage
· Each dependent child covered at 10% of employee paid coverage, up to $25,000
Long-term Disability Plan · Monthly payments equal to 66.67% of base pay up to $35,000 per month
Extended Sick Leave/Short-term Disability · Integrated with PTO program; provided salary continuation for serious illnesses
Paid Time Off (PTO) Program · Combines time off for vacation, personal/family illness and other personal needs
Holidays - New Year's Day, Labor Day, Good Friday, Thanksgiving (2), Memorial Day, Christmas (2), Independence Day, Floating Holiday (1)
Work/Pay Schedule · Regular, full time Houston area/Denver office employees in participating
departments have option to work a 9/80 schedule
· Employees are paid bi-weekly
Employee Assistance Program (EAP) · Unlimited telephone consultation provided by counselors 24 hours a day, 7 days a
week
· Up to 8 free in-person counseling sessions, per person, per related problem, per year
Adoption Assistance · Qualifying expenses for the adoption of an eligible child are reimbursed up to a
maximum of $5,000 per child
Education Assistance · Reimbursement of 100% of the cost of all approved courses plus book up to $7,500
per year
Credit Union · Member Source Credit Union available to all full time employees
· Offers wide range of services including checking accounts and affordable loans at
competitive rates.

Updated June 11, 2008