773910--2/28/2007--ANADARKO_PETROLEUM

related topics

{gas, price, oil}

{operation, natural, condition}

{loss, insurance, financial}

{cost, regulation, environmental}

{acquisition, growth, future}

{operation, international, foreign}

{debt, indebtedness, cash}

{cost, contract, operation}

{capital, credit, financial}

{personnel, key, retain}

{tax, income, asset}

{provision, law, control}

{stock, price, share}

We may not be able to successfully integrate Kerr-McGee s and Western s operations with 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 capital. Failure to close our pending or planned asset divestitures could hinder our ability to reduce our debt. We may incur substantial costs to comply with environmental requirements, including costs arising from Kerr-McGee s former chemical business. Commodity pricing and demand may limit our productivity and profitability. Under the full cost method of accounting, a noncash charge to earnings related to the carrying value of our oil and gas properties on a country-by-country basis may occur. Our results of operations could be adversely affected by goodwill 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 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. Our domestic operations are subject to governmental risks that may impact our operations. We operate in other countries and are subject to political, economic and other uncertainties. We may be subject to increased tax payment obligations in connection with our operations in Algeria. Such increases could impact results of operations, cash flows and proved reserves. 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. Our commodity price risk management and trading activities may prevent us from benefiting fully from price increases and may expose us to other risks. Our drilling activities may not be productive. We are vulnerable to risks associated with operating in the Gulf of Mexico that could negatively impact our operations and financial results. 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. We have limited control over the activities on properties we do not operate. We may reduce or cease to pay dividends on our common stock. Repercussions from terrorist activities or armed conflict could harm our business. 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. 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--2/28/2007--ANADARKO_PETROLEUM_CORP