Table of Contents Table of Contents 2 List of Tables 4 List of Figures 5 Company Snapshot 8 Key Information 8 Company Overview 8 Anadarko Petroleum Corporation, Valuation and Financial Data 9 Anadarko Petroleum Corporation, Share Price Performance 9 Share Price Performance, Q4, 2014-Q4, 2015 9 Anadarko Petroleum Corporation, Key Valuation Metrics 10 Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Anadarko Petroleum Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11 Results of Oil & Gas Operations Per boe Produced, Q4, 2014-Q4, 2015 11 Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2014-Q4, 2015 12 Anadarko Petroleum Corporation, Quarterly E&P Costs Trends 13 Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 Anadarko Petroleum Corporation, Quarterly Production Trends 14 Anadarko Petroleum Corporation, Total Oil and Gas Production 14 Total Crude Oil and Natural Gas Production Trend, Q4, 2014-Q4, 2015 14 Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 15 Anadarko Petroleum Corporation, Crude Oil Production 16 Total Crude Oil Production Trend, Q4, 2014-Q4, 2015 16 Crude Oil Production, By Country/Region, Q4, 2014-Q4, 2015 17 Anadarko Petroleum Corporation, Natural Gas Production 18 Total Natural Gas Production Trend, Q4, 2014-Q4, 2015 18 Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 19 Anadarko Petroleum Corporation, Valuation and Financial Data, 2011-2015 20 Anadarko Petroleum Corporation, Share Price Performance, 2011-2015 20 Share Price Performance, 2011-2015 20 Key Valuation Metrics, 2011-2015 21 Anadarko Petroleum Corporation, Production and Reserves Trends 22 Total Oil and Gas, Reserves and Production 22 Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24 Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26 Crude Oil/Liquids Production and Reserve 27 Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27 Crude Oil Production and Reserves By Country/Region, 2011-2015 28 Crude Oil/Liquids Reserve Changes, 2011-2015 30 Natural Gas Production and Reserve 31 Natural Gas Production and Reserve Trend, 2011-2015 31 Natural Gas Production and Reserves, By Country/Region, 2011-2015 32 Natural Gas Reserve Changes, 2011-2015 34 Total Crude Oil and Natural Gas Reserves Life Index 35 Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36 Anadarko Petroleum Corporation, E&P Costs Trends 38 Allocation of the Upstream Capital Expenditure 38 Upstream Capital Expenditure, 2011-2015 38 Acquisition Costs By Country/Region, 2011-2015 39 Exploration and Development Costs, By Country/Region, 2011-2015 41 Oil and Gas Cost Per boe, US$/boe 43 Oil and Gas Cost Per boe, US$/boe, 2011-2015 43 Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 45 Anadarko Petroleum Corporation, Reserve Replacement Ratio 47 Oil and Gas Production Replacement Ratio 47 Oil and Gas Production Replacement Ratio, 2011-2015 47 Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 49 Anadarko Petroleum Corporation, Results of Oil & Gas Operations Trend 53 Oil and Gas Revenue and Expenses 53 Oil and Gas Revenue and Expenses, 2011-2015 53 Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 54 Oil and Gas Revenue and Expenses, Per boe 59 Oil and Gas Revenue and Expenses, By boe, 2011-2015 59 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 60 Oil and Gas Performance Metrics 65 Anadarko Petroleum Corporation, Land Holdings and Well Data 66 Developed and Undeveloped Acreage 66 Gross and Net Developed and Undeveloped Acreage, 2011-2015 66 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 67 Well Statistics 70 Producible Oil and Gas Well, 2011-2015 70 Producible Oil and Gas Well, By Country/Region, 2011-2015 71 Exploration and Development Wells Drilled, 2011-2015 76 Recent Developments 77 Anadarko Petroleum Corporation - Recent Developments 77 Apr 28, 2016: McDermott Successfully Completes Otis Subsea Tieback For LLOG Exploration Offshore Gulf Of Mexico 77 Apr 21, 2016: ConocoPhillips Alaska To Add Wells To CD5 Drill Site 77 Mar 15, 2016: Mozambique LNG In Negotiations With Indian Firms To Export Gas 78 Mar 11, 2016: Anadarko Petroleum Plans To Eliminate Around 1,000 Jobs 78 Mar 02, 2016: Tullow Ghana Arrival Of New FPSO Vessel 78 Mar 01, 2016: Anadarko Announces 2016 Capital Program And Guidance 79 Mar 01, 2016: Tullow Ghana Confirms Arrival Of New FPSO Vessel 80 Feb 01, 2016: Anadarko Announces 2015 Fourth-Quarter And Full-Year Results 81 Jan 27, 2016: McDermott Awarded Installation Contract For Deepwater Gulf Of Mexico Subsea Tieback 83 Jan 14, 2016: Anadarko Announces First Oil Produced From Heidelberg 83 Appendix 84 Methodology 84 Coverage 84 Secondary Research 84 Primary Research 84 Data Information Sources 85 Company Source 85 SEC/Other Regulatory Filings 85 Other Sources 85 Expert Panel Validation 85 Data Definition 85 Oil and Gas Reserves 85 Units of Measure 86 About GlobalData 86 Disclosure 86 Disclaimer 86

List of Tables Table 1: Anadarko Petroleum Corporation, Key Facts 8 Table 2: Anadarko Petroleum Corporation, Share Price Performance, Q4, 2014-Q4, 2015 9 Table 3: Anadarko Petroleum Corporation, Key Valuation Metrics, Q4, 2014-Q4, 2015 10 Table 4: Anadarko Petroleum Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Table 5: Anadarko Petroleum Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2014-Q4, 2015 12 Table 6: Anadarko Petroleum Corporation, Upstream Capital Expenditure, Q4, 2014-Q4, 2015 13 Table 7: Anadarko Petroleum Corporation, Total Crude Oil and Natural Gas, Production, Q4, 2014-Q4, 2015 14 Table 8: Anadarko Petroleum Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Table 9: Anadarko Petroleum Corporation, Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Table 10: Anadarko Petroleum Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Table 11: Anadarko Petroleum Corporation, Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Table 12: Anadarko Petroleum Corporation, Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Table 13: Anadarko Petroleum Corporation, Share Price Performance, 2011-2015 20 Table 14: Anadarko Petroleum Corporation, Key Valuation Metrics, 2011-2015 21 Table 15: Anadarko Petroleum Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23 Table 16: Anadarko Petroleum Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25 Table 17: Anadarko Petroleum Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26 Table 18: Anadarko Petroleum Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Table 19: Anadarko Petroleum Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29 Table 20: Anadarko Petroleum Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 30 Table 21: Anadarko Petroleum Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Table 22: Anadarko Petroleum Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33 Table 23: Anadarko Petroleum Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 34 Table 24: Anadarko Petroleum Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35 Table 25: Anadarko Petroleum Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37 Table 26: Anadarko Petroleum Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38 Table 27: Anadarko Petroleum Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40 Table 28: Anadarko Petroleum Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 42 Table 29: Anadarko Petroleum Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 44 Table 30: Anadarko Petroleum Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 46 Table 31: Anadarko Petroleum Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Table 32: Anadarko Petroleum Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 52 Table 33: Anadarko Petroleum Corporation, Revenue and Expenses, US$ mil, 2011-2015 53 Table 34: Anadarko Petroleum Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 58 Table 35: Anadarko Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59 Table 36: Anadarko Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 64 Table 37: Anadarko Petroleum Corporation, Oil and Gas Performance Metrics, 2011-2015 65 Table 38: Anadarko Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 66 Table 39: Anadarko Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 69 Table 40: Anadarko Petroleum Corporation, Producible Oil and Gas Wells, 2011-2015 70 Table 41: Anadarko Petroleum Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 75 Table 42: Anadarko Petroleum Corporation, Exploratory and Developed Wells, 2011-2015 76 List of Figures Figure 1: Anadarko Petroleum Corporation, Share Price Performance, USD/Share, Q4, 2014-Q4, 2015 9 Figure 2: Anadarko Petroleum Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2014-Q4, 2015 10 Figure 3: Anadarko Petroleum Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11 Figure 4: Anadarko Petroleum Corporation, Upstream Capital Expenditure, US$ mil, Q4, 2014-Q4, 2015 13 Figure 5: Anadarko Petroleum Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2014-Q4, 2015 14 Figure 6: Anadarko Petroleum Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 15 Figure 7: Anadarko Petroleum Corporation, Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 16 Figure 8: Anadarko Petroleum Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 17 Figure 9: Anadarko Petroleum Corporation, Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 18 Figure 10: Anadarko Petroleum Corporation, Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 19 Figure 11: Anadarko Petroleum Corporation, Share Price Performance, USD/Share, 2011-2015 20 Figure 12: Anadarko Petroleum Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21 Figure 13: Anadarko Petroleum Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22 Figure 14: Anadarko Petroleum Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24 Figure 15: Anadarko Petroleum Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24 Figure 16: Anadarko Petroleum Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26 Figure 17: Anadarko Petroleum Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27 Figure 18: Anadarko Petroleum Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28 Figure 19: Anadarko Petroleum Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 28 Figure 20: Anadarko Petroleum Corporation, Crude Oil Reserve Changes, mmbbl, 2015 30 Figure 21: Anadarko Petroleum Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31 Figure 22: Anadarko Petroleum Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32 Figure 23: Anadarko Petroleum Corporation, Gas Production, By Country/Region, bcf, 2011-2015 32 Figure 24: Anadarko Petroleum Corporation, Natural Gas Reserve Changes, bcf, 2015 34 Figure 25: Anadarko Petroleum Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35 Figure 26: Anadarko Petroleum Corporation, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 27: Anadarko Petroleum Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36 Figure 28: Anadarko Petroleum Corporation, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37 Figure 29: Anadarko Petroleum Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38 Figure 30: Anadarko Petroleum Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 31: Anadarko Petroleum Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39 Figure 32: Anadarko Petroleum Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 41 Figure 33: Anadarko Petroleum Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 41 Figure 34: Anadarko Petroleum Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43 Figure 35: Anadarko Petroleum Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2011-2015 45 Figure 36: Anadarko Petroleum Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/Boe, 2011-2015 45 Figure 37: Anadarko Petroleum Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2011-2015 46 Figure 38: Anadarko Petroleum Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 47 Figure 39: Anadarko Petroleum Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49 Figure 40: Anadarko Petroleum Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49 Figure 41: Anadarko Petroleum Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 50 Figure 42: Anadarko Petroleum Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 50 Figure 43: Anadarko Petroleum Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 51 Figure 44: Anadarko Petroleum Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 51 Figure 45: Anadarko Petroleum Corporation, Revenue and Expenses, US$ mil, 2011-2015 53 Figure 46: Anadarko Petroleum Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54 Figure 47: Anadarko Petroleum Corporation, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 54 Figure 48: Anadarko Petroleum Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55 Figure 49: Anadarko Petroleum Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55 Figure 50: Anadarko Petroleum Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 56 Figure 51: Anadarko Petroleum Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56 Figure 52: Anadarko Petroleum Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 57 Figure 53: Anadarko Petroleum Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 57 Figure 54: Anadarko Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59 Figure 55: Anadarko Petroleum Corporation, Exploration Expenses per boe, By Country/Region, $/boe, 2011-2015 60 Figure 56: Anadarko Petroleum Corporation, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2011-2015 60 Figure 57: Anadarko Petroleum Corporation, Lifting Cost per boe, By Country/Region, $/boe, 2011-2015 61 Figure 58: Anadarko Petroleum Corporation, Annual Net Income per boe, By Country/Region, $/boe, 2011-2015 61 Figure 59: Anadarko Petroleum Corporation, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2011-2015 62 Figure 60: Anadarko Petroleum Corporation, Total DD&A per boe, By Country/Region, $/boe, 2011-2015 62 Figure 61: Anadarko Petroleum Corporation, Total Revenue per boe, By Country/Region, $/boe, 2011-2015 63 Figure 62: Anadarko Petroleum Corporation, Oil and Gas Performance Metrics, 2011-2015 65 Figure 63: Anadarko Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 66 Figure 64: Anadarko Petroleum Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 67 Figure 65: Anadarko Petroleum Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 67 Figure 66: Anadarko Petroleum Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 68 Figure 67: Anadarko Petroleum Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 68 Figure 68: Anadarko Petroleum Corporation, Producible Oil and Gas Wells, 2011-2015 70 Figure 69: Anadarko Petroleum Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 71 Figure 70: Anadarko Petroleum Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 71 Figure 71: Anadarko Petroleum Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 72 Figure 72: Anadarko Petroleum Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 72 Figure 73: Anadarko Petroleum Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 73 Figure 74: Anadarko Petroleum Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 73 Figure 75: Anadarko Petroleum Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 74 Figure 76: Anadarko Petroleum Corporation, Exploratory and Developed Wells, 2011-2015 76