Anadarko Petroleum: Oil Price Recovery And Efficiency Gains To Drive Higher Returns

Although the company's sales volume growth was quite impressive, with volumes from its key growth asset - the Wattenberg field - growing by around 85 thousand barrels of oil equivalent per day year-on-year, lower commodity prices more than offset that. As a result, Anadarko swung to a first-quarter loss of about $365 million or $0.72 per share, on an adjusted basis. However, going forward, we expect efficiency gains and a sustained recovery in commodity prices to drive higher returns for the com...