Anadarko Petroleum: XLE’s third-strongest energy stock
This year, Anadarko Petroleum (APC) has been the Energy Select Sector SPDR ETF’s (XLE) third-strongest stock. Anadarko Petroleum is a global explorer and producer of crude oil and natural gas with operations in the United States, the Gulf of Mexico, Colombia, and Africa.
Year-to-date, APC has risen ~28%, outperforming the iShares Oil & Gas Exploration & Production ETF (IEO), which has risen ~12%. IEO represents an index of US companies engaged in the exploration, production, and distribution of crude oil and natural gas and has a ~70% exposure to the oil and gas exploration and production industry. In comparison, the SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which represents an index of stocks across the energy industry and has ~78% exposure to oil and gas exploration and production, has risen ~3%. XLE has risen ~12%.
Anadarko Petroleum’s revenue and earnings
In Q1 2018, Anadarko Petroleum’s revenue rose ~27% YoY (year-over-year) to ~$3.0 billion from ~$3.8 billion, and it turned profitable, switching to net income of $279 million from a loss of $330 million in Q1 2017. Anadarko Petroleum’s EPS improved YoY, to $0.52 from -$0.60. Next, we’ll analyze Valero Energy’s (VLO) year-to-date performance and recent earnings.