Anadarko Earnings Preview: Lower Oil Prices To Offset Wattenberg Production Growth

One of the largest independent oil and gas exploration and production companies in the U.S., Anadarko Petroleum, is set to announce its 2015 first-quarter earnings after markets close on May 4th. We expect lower crude oil prices to weigh significantly on the company's financial results. Benchmark crude oil prices have fallen sharply since June of last year on rising supplies amid slower demand growth. The average Brent crude oil spot price declined by more than $54 per barrel or 50% year-on-year...