February 7, 2018 / 3:23 PM / 7 months ago

BRIEF-Anadarko Petroleum CEO Says More Dividend Increases, Buybacks Likely

Feb 7 (Reuters) - Anadarko Petroleum Corp:

* CHIEF EXECUTIVE AL WALKER SAYS WILL GENERATE ‘SIGNIFICANT CASH FLOW’ AT TODAY’S OIL PRICE STRIP

* CEO DOES NOT EXPECT TO ‘MATERIALLY CHANGE’ INVESTMENT PLANS SHOULD OIL PRICES RISE HIGHER

* CEO SAYS TAKING A ‘CONSERVATIVE VIEW’ FOR WHEN ENCHILADA PLATFORM IN U.S. GULF OF MEXICO COMES BACK ONLINE

* SAYS HAS ‘DECADES OF HIGH QUALITY INVENTORY’ IN U.S. SHALE PORTFOLIO

* SAYS PLANS TO RUN 12 RIGS AND 9 FRACKING CREWS IN U.S. SHALE PORTFOLIO IN 2018

* SAYS MOZAMBIQUE LNG SHOULD DELIVER FIRST CARGO FIVE YEARS AFTER FINAL INVESTMENT DECISION

* SAYS EXPECTS U.S. GULF OF MEXICO PRODUCTION TO BE FLAT OVER NEXT 3 YEARS WITH FREE CASH FLOW EXCEEDING $4 BILLION AT $60 OIL PRICE

* SAYS ALGERIA AND GHANA OPERATIONS CONTINUE TO DELIVER FREE CASH FLOW OF MORE THAN $1 BILLION AT $60 OIL PRICE

* CEO: ‘WE WILL BE LOOKING FOR MORE OPPORTUNITIES TO RETURN CASH TO SHAREHOLDERS’

* CEO SAYS WEDNESDAY’S DIVIDEND INCREASE WAS ATTEMPT TO RETURN DIVIDEND YIELD TO PEER GROUP LEVELS

* CEO SAYS MARKET SHOULD EXPECT DIVIDEND INCREASES AND BUYBACKS MOVING FORWARD

* CEO SAYS DOESN’T SEE ADVANTAGE OF SPLITTING UP PORTFOLIO BETWEEN UNITED STATES, INTERNATIONAL Source text for Eikon: Further company coverage: (Reporting By Ernest Scheyder)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below