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Headquarters:
123 Robert Kerr Ave.
Oklahoma City, OK 73102
Employees: 4,000
CEO: Luke Corbett
Stock Symbol: KMG
Website:
http://www.kerr-mcgee.com
Career Site
Kerr-McGee Corp. is one of the largest
U.S.-based independent oil and natural gas exploration and production
companies, with proved reserves of more than 1.2 billion barrels
of oil equivalent at year-end 2004, including approximately 242
million BOE of reserves from discontinued operations in the North
Sea. The company's producing fields are located in the United
States onshore, the Gulf of Mexico and the Bohai Bay area of
China. In addition, Kerr-McGee explores for oil and gas in its
core areas and in world-class proven hydrocarbon trends including
the North Slope of Alaska and offshore Angola, Bahamas, Benin,
Brazil, Morocco, and Trinidad and Tobago.
The company also holds a 50% interest in
Avestor, the manufacturer of a revolutionary lithium-metal-polymer
(LMP) battery.
In the fourth quarter of 2005, Kerr-McGee
averaged 99,000 barrels of oil production per day, down from
121,000 in 2004.
The company reported revenues of $5.9 billion
in 2005 and net income of $3.2 billion.
In 2005, the company sold its North Sea
operations to Maersk Olie og Gas AS, a subsidiary of A.P. Moller
Maersk A/S, for $2.95 billion. The company also announced
plans to separate its chemical business through a sale or initial
public offering.
History
1929 - James
Anderson and Robert Kerr form the Anderson & Kerr Drilling
Company in Ada, Oklahoma.
1937 - Dean McGee joins the company.
1945 - Concerned about finding buyers for crude oil at
a time when supply sometimes exceeds demand, the company moves
into the downstream business by purchasing a refinery in Oklahoma.
The company begins exploration activities in the Gulf of Mexico,
marking its first offshore operations.
1946 - The company changes its name to Kerr-McGee.
1947 - Kerr-McGee drills the world's first commercial
oil well out of sight of land in the Gulf of Mexico.
1956 - The company's stock begins trading on the New York
Stock Exchange (NYSE) under the ticker symbol KMG.
1967 - Kerr-McGee expands into industrial chemicals, acquiring
a pigment plant with a production capacity of 21,000 tonnes
per year in Hamilton, Mississippi, along with other operations.
Benefits
- Your Health
- We know how important it is for Kerr-McGee employees and their
families to have access to quality, affordable health care. We
offer programs covering your medical, dental, and vision
needs, including flexible spending account programs in some areas.
- Your Protection - The safety and protection of our employees
is our first priority, which is why we provide programs such
as life insurance, sick leave, and short- and long-term disability
protection.
- Your Retirement - Knowing your time with Kerr-McGee
will be rewarded after you retire is an important benefit. We
offer programs, including 401(k) savings investment plan, employee
stock ownership plan, pension plan, and medical and life options
for retirees.
- Your Time Away from Work - Kerr-McGee knows it's important
for employees to take time for themselves and their family, which
is why we offer options for paid time off, holidays and personal
time.
- Your Career and Growth - We believe education is the
key to personal growth and future success. We offer programs
such as education assistance, education matching gifts, scholarship
programs and employee assistance.
Updated February 22, 2006
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