As Anadarko Petroleum Corp. Chairman Jim Hackett steps down and heads off to Harvard Divinity School, Chief Executive Officer Al Walker’s biggest challenge is convincing investors nothing will change at the $45 billion global oil explorer.
Anadarko Petroleum Corp., the second- largest U.S. independent oil and natural gas producer by market value, may have an agreement in the coming weeks to sell a stake in a drilling prospect off the coast of Mozambique.
Royal Dutch Shell Plc, Exxon Mobil Corp., Petroleo Brasileiro SA and Total SA all obtained tender documents allowing them to bid for exploration licenses off Lebanon, according to the country’s industry regulator.
Brazilian energy acquisitions, on a steady decline after a record $57 billion deals in 2010, are showing signs of a revival, led by Chinese and Malaysian state- owned buyers seeking lower valuations for offshore oil fields.
Anadarko Petroleum Corp., the oil explorer that’s expanding production in Colorado and Texas, reported first-quarter profit that surpassed analysts’ estimates as the company raised the top end of its 2013 forecast.
Hess Corp. shareholders should elect all five directors nominated by billionaire Paul Singer’s Elliott Management Corp. at a May 16 annual meeting, proxy adviser Institutional Shareholder Services said.