Coming off of a turbulent week that saw its CEO resign unexpectedly, Anadarko Petroleum Corp. said last week that it has updated its first quarter 2003 financial guidance, increasing its earnings estimate to $1.35 per share (diluted) from $1.15 per share announced previously and its cash flow estimate to $3 per share from $2.60 per share.
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Anadarko Boosts 1Q Guidance on Higher Oil and Gas Prices
Coming off of a turbulent week that saw its CEO resign unexpectedly, Anadarko Petroleum Corp. on Monday updated its first quarter 2003 financial guidance, increasing its earnings estimate to $1.35 per share (diluted) from $1.15 per share announced previously and its cash flow estimate to $3 per share from $2.60 per share.
Resignation of Anadarko Executive Blindsides Industry Analysts
One day after Anadarko Petroleum Corp. President and CEO John Seitz resigned unexpectedly from his positions, analysts were scratching their heads looking for an explanation. The news came as a shock because it coincided with an energetic and optimistic investor webcast earlier in the month, which was met with positive reactions from some notable analysts.
Resignation of Anadarko Executive Blindsides Industry Analysts
One day after Anadarko Petroleum Corp. President and CEO John Seitz resigned unexpectedly from his positions, analysts were scratching their heads looking for an explanation. The news came as a shock because it coincided with an energetic and optimistic investor webcast late last week and positive reactions from some notable analysts.