www.anadarko.com NYSE: APC ANADARKO PETROLEUM CORPORATION INVESTOR RELATIONS CONTACTS: John Colglazier Vice President 832/636-2306 Dean Hennings Manager 832/636-2462 May 3, 2011 Wayne Rodrigs Manager 832/636-2305
2011 FIRST QUARTER REVIEW www.anadarko.com NYSE: APC Achieved Record Sales Volumes 15% Increase in Daily Liquids Volumes over 4Q10 Rapid Production Growth from U.S. Shale Plays First Oil Lifting From Jubilee in Ghana 13% LOE…
2011 FIRST QUARTER REVIEW www.anadarko.com NYSE: APC Southern & Appalachia Eagleford (400,000 Gross Acres) 30% Increase in Sales Volumes over 4Q10 Secured Additional Takeaway Capacity and Long-Term Agreements Marcellus (760,000…
2011 FIRST QUARTER REVIEW www.anadarko.com NYSE: APC Rockies Greater DJ Basin (Colorado / Wyoming) 66,200 BOPD Net Weekly Production Record (Wattenberg) Three Horizontal Rigs Testing Niobrara Opportunities Acquisition of…
2011 FIRST QUARTER REVIEW www.anadarko.com NYSE: APC Deepwater Gulf of Mexico Caesar/Tonga Development Flow-Tested Two Wells; Each Demonstrated Rates of 15,000+ BOPD Completion Activities Under Way on Third Well First Oil Expected…
2011 FIRST QUARTER REVIEW www.anadarko.com NYSE: APC International Mega Projects Jubilee Field Offshore Ghana Achieved First Oil Lifting Currently Producing More Than 70,000 BOPD Ramping Toward 120,000 BOPD Capacity by 3Q11 El…
2011 FIRST QUARTER REVIEW www.anadarko.com NYSE: APC International Exploration Ghana (West Cape Three Points Block: 30.875% WI) Teak-1 -- 240 Net Feet of Oil, Condensate and Natural Gas Pay Teak-2 -- 90 Net Feet of Oil, Condensate…
2011 FIRST QUARTER REVIEW www.anadarko.com NYSE: APC Financial Results Millions Discretionary Cash Net Income Attributable to Flow from Common Stockholders Operations** 1,674 716 1,530 412 363 216 1Q11 1Q10 1Q11 1Q10 1Q11…
2011 FIRST QUARTER REVIEW www.anadarko.com NYSE: APC Commitment to Financial Discipline Balance Sheet Ended 1Q11 with 3.5 Billion of Cash on Hand Generated 87 Million of Free Cash Flow Maintained Access to 5-Year, 5 Billion…
2011 FIRST QUARTER REVIEW www.anadarko.com NYSE: APC Guidance and Outlook Sales Volumes Guidance 2Q11: 60 62 MMBOE FY11: 244 248 MMBOE On Target to Achieve Five-Year Objectives* Five-Year 7% - 9% Production CAGR 3+ BBOE of…