773910--2/23/2010--ANADARKO_PETROLEUM

related topics

{gas, price, oil}

{operation, international, foreign}

{financial, litigation, operation}

{loss, insurance, financial}

{capital, credit, financial}

{condition, economic, financial}

{debt, indebtedness, cash}

{cost, regulation, environmental}

{cost, contract, operation}

{personnel, key, retain}

{provision, law, control}

{stock, price, share}

{tax, income, asset}

{customer, product, revenue}

{operation, natural, condition}

CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS Oil, natural-gas and NGLs prices are volatile. A substantial or extended decline in prices could adversely affect our financial condition and results of operations. Our domestic operations are subject to governmental risks that may impact our operations. Our debt and other financial commitments may limit our financial and operating flexibility. A downgrade in our credit rating could negatively impact our cost of and ability to access capital. We are, and in the future may become, involved in legal proceedings related to Tronox and, as a result, may incur substantial costs in connection with those proceedings. Our proved reserves are estimates. Any material inaccuracies in our reserve estimates or assumptions underlying our reserve estimates could cause the quantities and net present value of our reserves to be overstated or understated. Failure to replace reserves may negatively affect our business. Poor general economic, business or industry conditions may have a material adverse effect on our results of operations, liquidity and financial condition. Our results of operations could be adversely affected by asset impairments. We are subject to complex laws and regulations relating to environmental protection that can adversely affect the cost, manner and feasibility of doing business. We are vulnerable to risks associated with our offshore operations that could negatively impact our operations and financial results. We operate in other countries and are subject to political, economic and other uncertainties. Our commodity-price-risk management and trading activities may prevent us from benefiting fully from price increases and may expose us to other risks. The credit risk of financial institutions could adversely affect us. We may not be insured against all of the operating risks to which our business is exposed. Material differences between the estimated and actual timing of critical events may affect the completion of and commencement of production from development projects. The oil and gas exploration and production industry is very competitive, and some of our exploration and production competitors have greater financial and other resources than we do. The high cost or unavailability of drilling rigs, equipment, supplies, personnel and other oil field services could adversely affect our ability to execute our exploration and development plans on a timely basis and within our budget, which could have a material adverse effect on our business, financial condition or results of operations. Our drilling activities may not be productive. We have limited control over the activities on properties we do not operate. Our ability to sell our natural-gas and crude-oil production could be materially harmed if we fail to obtain adequate services such as transportation. Provisions in our corporate documents and Delaware law could delay or prevent a change of control of Anadarko, even if that change would be beneficial to our stockholders. We may reduce or cease to pay dividends on our common stock. The loss of key members of our management team, or difficulty attracting and retaining experienced technical personnel, could reduce our competitiveness and prospects for future success.

Full 10-K form ▸

773910--2/23/2010--ANADARKO_PETROLEUM_CORP