Anadarko’s oil production
Crude oil represented 38% of Anadarko Petroleum’s (APC) total production in 1Q16.
In the above graph, we see that total production has varied since 1Q14. But the percentage of oil production has, for the most part, increased consistently. It increased more sharply between 1Q15 and 1Q16 compared to 1Q14 to 1Q15.
Upstream peers Hess (HES) and Cimarex Energy (XEC) have seen their oil production percentages fall since 1Q14. So has Continental Resources (CLR). All these companies make up 8.4% of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
In the next part, let’s see what Anadarko is focusing on in this volatile energy price scenario.