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Anadarko Petroleum Corporation

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Anadarko Petroleum reported second-quarter 2016 adjusted loss of $0.60 per share, narrower than the Zacks Consensus Estimate of a loss of $0.77. In the year-ago quarter, the company had recorded earnings of $0.01.The company is trying to improve its margins by reducing costs, lowering the dividend rate and monetizing assets that would lead to operating efficiencies. Development of the TEN complex and production from the Jubilee field should drive growth. In addition, the recovery in oil prices from historic lows in the second quarter is going to benefit the company. However, a negative outlook bycredit rating agencies and competition from major integrated oil companies pose risks to the stock.

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