Anadarko Petroleum stock
Anadarko Petroleum (APC) stock has mostly been in an uptrend since late 2017. Year-over-year, APC stock has fallen ~13%.
Anadarko Petroleum stock has been tracking crude oil price (UCO) movements, as the graph above shows. Crude oil prices have risen ~24.5% on a year-over-year basis, while natural gas prices have increased ~1% in the same period.
Key highlights in 2017 and forward-looking comments
In September 2017, APC announced a $2.5 billion share repurchase program. That represented ~10% of the company’s outstanding common shares at that time. APC management pointed out that in 2018, “performance objectives will now include cash return on invested capital.”
The company also expects to generate free cash flow of more than $700 million at current strip prices.