September 26, 2016 10:46 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Kerr-McGee Corporation

Company Overview

Kerr-McGee Corporation offers oil and natural gas exploration and production services in the United States. The company acquires leases and concessions, as well as explores, develops, produces, and markets crude oil and natural gas. It explores for oil and gas in onshore in the United States and offshore China. It also explores in proven hydrocarbon basins worldwide, including the North Slope of Alaska and offshore Angola, Bahamas, Benin, Brazil, Morocco, and Trinidad and Tobago. Kerr-McGee Corporation was formerly known as Kerr-McGee Oil Industries, Inc. and changed its name to Kerr-McGee Corporation in 1965. The company was founded in 1929 and is based in The Oklahoma City, Oklahoma. As of...

123 Robert South Kerr Avenue

Oklahoma City, OK 73102

United States

Founded in 1929

3,865 Employees

Phone:

405-270-1313

Fax:

405-270-3123

Key Executives for Kerr-McGee Corporation

Executive Vice President
Age: 72
Chief Information Officer and Vice President
Age: 57
Vice President, Assistant Secretary and Deputy General Counsel
Age: 63
Vice President of Human Resources
Age: 69
Vice President of Safety and Environmental Affairs
Age: 71
Compensation as of Fiscal Year 2016.

Kerr-McGee Corporation Key Developments

Anadarko Petroleum Corp.'s Agreement to Pay $5.15 Billion to Resolve All Claims Against Kerr-Mcgee Corp. Receives Approval from Federal Judge

Anadarko Petroleum Corp.'s agreement to pay $5.15 billion to resolve all claims against its wholly-owned subsidiary Kerr-McGee Corp. has received approval from a federal judge. It was on April 4 that Anadarko announced the $5.15 billion settlement deal with plaintiffs and the U.S. government to resolve all claims against Kerr-McGee Corp., for alleged actions by Kerr-McGee prior to its acquisition by Anadarko in 2006. The U.S. government and the plaintiffs were seeking damages from Tronox Inc., which was a company created in 2005 through a spin-off of the polluting chemicals operations of Kerr-McGee. The settlement will see Anadarko paying a total of $5.15 billion, which includes a principal sum of about $3.98 billion plus a 6% interest on the sum from May 2009, the date when the complaint was filed.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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