Anadarko Petroleum Corp. said Tuesday its fourth-quarter profit more than doubled from a year ago, lifted largely by the sale of its Canadian subsidiary.
The independent oil and gas producer earned $1.92 billion, or $4.13 per share, in the October-December period, up from $874 million, or $1.87 a share, a year earlier.
Revenue climbed to $3.18 billion [...]

It’s the busiest time of year for the natural gas drilling business, and while the sector is active, weak commodity prices have cast an uncertain outlook over the year ahead.
The season got off to a slow start because warm weather in northern Alberta and British Columbia earlier this winter slowed the ground from freezing, which [...]

Oil and gas explorer Anadarko Petroleum Corp. enjoyed sizable profits this year, bolstered by higher gasoline prices and blockbuster acquisitions, but its stock lagged because of higher debt.
The Woodlands, Texas-based company, with a market capitalization of $20.07 billion, goes up against larger competitors like BP PLC, ConocoPhillips, and Exxon Mobil Corp. in the exploration, development, [...]

Following last week’s sale of its Canadian subsidiary and a successful debt issuance, Anadarko Petroleum Corp. has announced plans to sell additional international assets, including its Mackenzie Delta and other Canadian arctic properties.
According to a Dow Jones MarketWatch report, Anadarko said in a news release that it is “actively marketing” the Canadian properties, along with [...]

Anadarko Petroleum Corp., one of the nation’s leading independent energy exploration and production companies, said Thursday it agreed to sell its Canadian subsidiary for about $4.24 billion to Canadian Natural Resources Ltd.
The sale fulfills Anadarko’s June announcement to sell Anadarko Canada Corp., the first of several asset sales expected in connection with last month’s completion [...]

Canadian stocks rose, led by energy producers including Suncor Energy Inc. as oil prices rallied above $77 a barrel this week. The Standard & Poor’s/TSX Composite Index headed for its highest close since May.
The market was also lifted by optimism the U.S. Federal Reserve will end two years of interest-rate increases today.
“With oil higher and [...]