The storied oil & gas company Anadarko Petroleum Corporation (NYSE:APC) just posted its fourth quarter and full-year results for 2018. What I want to draw your attention towards is Anadarko Petroleum Corporation’s spending forecast for this year, and how that will interact with its ongoing debt problem. Let’s dig in.
Commentary on spending and cash flow
During 2018, Anadarko Petroleum generated $5.9 billion in net operating cash flow on a consolidated basis, up sharply from $4.0 billion in 2017. Note Anadarko Petroleum consolidates its financial results with its midstream spin-offs Western Gas