Oil, Gas and Consumable Fuels
Company Overview of Kerr-McGee Corporation
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
Founded in 1929
Key Executives for Kerr-McGee Corporation
Chief Information Officer and Vice President
Vice President, Assistant Secretary and Deputy General Counsel
Vice President of Human Resources
Vice President of Safety and Environmental Affairs
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
Nov 10 14
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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