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ANADARKO ANNOUNCES FIRST QUARTER RESULTS

 ANADARKO ANNOUNCES FIRST QUARTER RESULTS
 HOUSTON, April 30 /PRNewswire/ -- Anadarko Petroleum Corporation


(NYSE: APC) today announced first quarter 1992 net income of $4.2 million (8 cents per share) on revenues of $83.4 million compared to net income of $13.0 million (24 cents per share) on revenues of $98.1 million for the first quarter of 1991. The decrease in net income is due primarily to depressed crude oil and natural gas prices and lower volumes.
 Anadarko's natural gas production for the first quarter of 1992 was 39.6 billion cubic feet (Bcf) or 435 million cubic feet per day, down 2 percent compared to the first quarter of 1991. The company's average U.S. gas prices fell 12 percent to $1.37 per thousand cubic feet (Mcf) compared to $1.56 per Mcf in the first quarter of 1991.
 The company's crude oil production for the first quarter of 1992 was 1.1 million barrels, down 10 percent compared to the first quarter of 1991. Anadarko's average U.S. oil prices were down 17 percent to $17.00 per barrel compared to $20.36 per barrel in the first quarter of 1991.
 ANADARKO PETROLEUM CORPORATION
 Volumes and U.S. Prices
 Year to date March 31 1992 1991
 Natural gas, billion cubic feet 39.6 40.3
 Price per thousand cubic feet $1.37 $1.56
 Crude oil and condensate, thousand barrels 1,071 1,195
 Price per barrel $17.00 $20.36
 Plant and pipeline condensate, thousand barrels 86 153
 Price per barrel $16.41 $19.68
 Natural gas liquids, thousand barrels 547 426
 Price per gallon $0.28 $0.39
 Summary Financial Data
 (In millions)
 Year to date March 31 1992 1991
 Revenues
 Gas sales $57.1 $63.5
 Oil and condensate sales 18.7 26.8
 Natural gas liquids and other 7.6 7.8
 Total 83.4 98.1
 Costs and Expenses
 Operating expenses 18.3 19.4
 Administrative and general 9.3 9.2
 Depreciation, depletion and amortization 34.3 35.3
 Other taxes 7.9 7.5
 Total 69.8 71.4
 Operating income 13.6 26.7
 Other income 0.3 0.3
 Gross income 13.9 27
 Interest expense 7.3 7.3
 Income before income taxes 6.6 19.7
 Income taxes 2.4 6.7
 Net income $4.2 $13.0
 Per Common Share
 Net income $0.08 $0.24
 Dividends $0.075 $0.075
 Average number of shares outstanding 55.2 55.0
 Capital expenditures $29.8 $22.2
 -0- 4/30/92
 /CONTACT: A. Paul Taylor Jr. of Anadarko Petroleum, 713-875-1101/
 (APC) CO: Andarko Petroleum Corporation ST: Texas IN: OIL SU: ERN


TS -- NY058 -- 4898 04/30/92 11:52 EDT
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Date:Apr 30, 1992
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