Anadarko Petroleum Corp.
Description
The company's board of directors has authorized an expansion of the company's share-repurchase program to $4 billion, representing a $1 billion increase. The company completed the first $3 billion of this program on June 29, 2018. In addition, Anadarko announced a $500 million increase to its debt-reduction program, bringing the total planned to $1.5 billion. These measures raise the aggregate equity and debt-buyback programs to $5.5 billion, in addition to the recent increase of approximately $400 million (annualized) to the company's common dividend.