EX-13 7 h02644exv13.txt PORTIONS OF 2002 ANNUAL REPORT TO STOCKHOLDERS . . . EXHIBIT 13 FIVE YEAR FINANCIAL HIGHLIGHTS*
--------------------------------------------------------------------------------------------------------- DOLLARS IN MILLIONS, % change EXCEPT PER SHARE AMOUNTS 2002 2002-2001 2001 2000 1999 1998 ------------------------ ------- --------- ------- ------- ------ ------- Revenues $ 3,860 (18) $ 4,718 $ 2,911 $ 748 $ 607 Operating Income (Loss) 1,425 n/m (363) 1,352 175 (8) Net Income (Loss) Available to Common Stockholders before Change in Accounting Principle 825 n/m (183) 813 32 (49) Net Income (Loss) 825 n/m (188) 796 32 (49) Net Cash Provided by Operating Activities $ 2,196 (34) $ 3,321 $ 1,536 $ 318 $ 240 Per Common Share: Net Income (Loss) -- Basic $ 3.32 n/m $ (0.75) $ 4.32 $ 0.25 $ (0.41) Net Income (Loss) -- Diluted $ 3.21 n/m $ (0.75) $ 4.16 $ 0.25 $ (0.41) Dividends $ 0.325 44 $ 0.225 $ 0.20 $ 0.20 $0.1875 Average Shares Outstanding -- Basic 248 (1) 250 184 125 120 Average Shares Outstanding -- Diluted 260 4 250 193 126 120 Capital Expenditures $ 2,388 (28) $ 3,316 $ 1,708 $ 680 $ 917 --------------------------------------------------------------------------------------------------------- Total Debt $ 5,471 8 $ 5,050 $ 3,984 $1,443 $ 1,425 Stockholders' Equity 6,972 10 6,365 6,786 1,535 1,259 Total Assets $18,248 9 $16,771 $16,590 $4,098 $ 3,633 --------------------------------------------------------------------------------------------------------- Annual Sales Volumes: Gas (Bcf) 642 (8) 695 385 170 177 Oil and Condensate (MMBbls) 75 10 68 36 15 11 NGLs (MMBbls) 15 -- 15 12 7 7 Total Barrels of Oil Equivalent (MMBOE) 197 (1) 199 112 50 47 ------- --- ------- ------- ------ ------- Average Daily Sales Volumes: Gas (MMcf/d) 1,760 (8) 1,904 1,052 465 484 Oil and Condensate (MBbls/d) 205 10 186 98 40 30 NGLs (MBbls/d) 41 (2) 42 33 18 18 Total Barrels of Oil Equivalent (MBOE/d) 539 (1) 546 306 135 129 ------- --- ------- ------- ------ ------- Oil Reserves (MMBbls) 1,131 -- 1,132 1,046 573 494 Gas Reserves (Tcf) 7.2 3 7.0 6.1 2.5 2.6 Total Reserves (MMBOE) 2,328 1 2,305 2,061 991 935 ------- --- ------- ------- ------ ------- Worldwide Finding Cost ($/BOE)** $ 10.52 23 $ 8.53 $ 7.19 $ 4.87 $ 3.13 Worldwide Reserve Replacement (% of Production) 112% (49) 221% 1,059% 213% 581% Number of Employees 3,800 9 3,500 3,500 1,400 1,500 ---------------------------------------------------------------------------------------------------------
* Consolidated for Anadarko Petroleum Corporation and its subsidiaries. Certain amounts for prior years have been reclassified to conform to the current presentation. ** Worldwide finding costs are calculated by dividing worldwide costs incurred by the worldwide reserve additions, excluding sales in place.
Table of Measures Bcf -- Billion cubic feet MMBOE -- Million barrels of oil equivalent BOE -- Barrels of oil equivalent MMcf/d -- Million cubic feet per day MBbls/d -- Thousand barrels per day n/m -- Not meaningful MBOE/d -- Thousand barrels of oil equivalent per day Tcf -- Trillion cubic feet MMBbls -- Million barrels
STOCKHOLDER INFORMATION The common stock of Anadarko Petroleum Corporation is traded on the New York Stock Exchange. Average daily trading volume was 1,793,000 shares in 2002, 2,726,000 shares in 2001 and 1,618,000 shares in 2000. The ticker symbol for Anadarko is APC and the daily stock reports published in local newspapers carry trading summaries for the company under the headings Anadrk or Anadrkpete. The following shows information regarding the closing market price of and dividends paid on the company's common stock by quarter for 2002 and 2001.
FIRST SECOND THIRD FOURTH QUARTER QUARTER QUARTER QUARTER ------- ------- ------- ------- 2002 Market Price High $58.29 $58.01 $49.22 $49.92 Low $46.85 $46.86 $38.00 $42.13 Dividends $0.075 $0.075 $0.075 $0.100 2001 Market Price High $72.99 $69.00 $59.75 $60.44 Low $54.63 $53.40 $44.05 $47.45 Dividends $0.050 $0.050 $0.050 $0.075