Anadarko Petroleum Corporation (APC)

[OilStockReport]

APC benefiting from the high oil prices.

Anadarko posted a 3.5% increase in Q1 2011, revenues to $3.25 billion from $3.1 billion in Q1 2010, and most of the that increase came from 26% jump in the average realized prices of crude oil and condensates. The company sold 19 million barrels of crude oil and condensates at an average price of $94.85 per barrel compared to the 20 million barrels at an average price of $75.18 per barrel during Q1 2010.

Several factors such as the: 1) the increasing pace of economic recovery, 2) the increase in global demand for oil, and 3) the unrest in the Middle East and North Africa contributed to the rise in crude oil prices during the quarter

.