Anadarko Petroleum Corporation (APC)

[MinnieM]

Charts are useful to me and that is my main concern.

APC appears to be in an uptrend since mid January after having taken a huge dive. And, it took another dive with dividend news, but, is moving upward again. In looking at todays move, the market must like the adjustments to the workforce that came out in todays 8-k filing.

http://www.sec.gov/Archives/edgar/data/773910/000077391016000081/apc2016-03x118xk.htm

Item 2.05. Costs Associated with Exit or Disposal Activities.

On March 10, 2016, Anadarko Petroleum Corporation (the “Company”) notified employees of a workforce reduction program to align the size and composition of the Company’s workforce with its expected future operating and capital plans.

In connection with this workforce reduction program, the Company estimates that during 2016 it will record a total of approximately $380 million in pre-tax expenses related to employee-termination benefits, including expenses for cash severance costs, and expenses for acceleration of stock-based compensation and retirement benefit expenses. The expected 2016 expenses include approximately $260 million of cash expenditures related primarily to one-time severance costs and lump-sum retirement benefit payments related to non-qualified plans. The Company expects this program to be substantially implemented by March 31, 2016. These amounts are estimates, and the actual amounts may vary based on a number of factors, including timing and valuation of certain benefit-related payments. The Company anticipates providing additional information about its expected annual savings associated with these actions concurrent with the release of its first-quarter results in early May 2016.

This current report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements provide the Company’s current expectations, beliefs or forecasts of future events, particularly with regard to anticipated charges and cash expenditures related to workforce reductions. You should read these statements carefully because they involve substantial risks and uncertainties, which could cause actual results to differ materially from the results expressed in, or implied by, such forward-looking statements. No assurance, however, can be given that such expectations will prove to have been correct. For more information, please see “Risk Factors” in the Company’s 2015 Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other public filings and press releases. The Company undertakes no obligation to publicly update or revise any forward-looking statements.