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ANADARKO TO INCUR CHARGE TO SECOND QUARTER EARNINGS

 ANADARKO TO INCUR CHARGE TO SECOND QUARTER EARNINGS
 HOUSTON, July 15 /PRNewswire/ -- Anadarko Petroleum Corporation


(NYSE: APC) today said that its second quarter 1992 financial results will include a $15 million (pretax) provision established for unsuccessful international exploration. The charge will reduce net income in the quarter by about $10 million or 18 cents per share.
 "While any unsuccessful well is a disappointment, it is rarely a surprise," said Robert J. Allison Jr., Anadarko chairman and chief executive officer. "Anadarko has developed a number of high-potential international plays which help balance our overall mix of exploration and development drilling activity. Our exposure to high-potential plays carries with it a corresponding exposure to write-offs in the event of unsuccessful drilling. Nevertheless, we are confident that or strategic mix of exploration plays is a winning combination and we will continue to include international prospects in that combination."
 Anadarko will report second quarter 1992 financial results on July 27.
 -0- 7/15/92
 /CONTACT: A. Paul Taylor Jr. of Anadarko Petroleum, 713-875-1101/
 (APC) CO: Anadarko Petroleum Corporation ST: Texas IN: OIL SU: ERN


CK -- NY075 -- 9605 07/15/92 13:45 EDT
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Publication:PR Newswire
Date:Jul 15, 1992
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