Continues to Fight Asbestos Personal Injury Claims -------------------------------------------------- Published November 08, 2002 Andarko Petroleum is a defendant in various personal injury claims, including numerous claims by employees of third-party contractors, alleging exposure to asbestos and benzene while working at a refinery in Corpus Christi, Texas, which RME sold in segments in 1987 and 1989. While the ultimate outcome and impact on the Company cannot be predicted with certainty, management believes that the resolution of these proceedings will not have a material adverse effect on the consolidated financial position of the Company, although results of operations and cash flow could be significantly impacted in the reporting periods in which such matters are resolved. COMPANY PROFILE Anadarko Petroleum Corporation (NYSE: APC) 1201 Lake Robbins Dr. The Woodlands, TX 77380-1046 Phone: 832-636-1000 Fax: 281-874-3385 http://www.anadarko.com Employees : 3,500 Revenues : $ 8,369,000,000.00 Net Income : $ (181,000,000.00) Assets : $16,771,000,000.00 Liabilities : $10,406,000,000.00 As of December 31, 2001 Description: Anadarko Petroleum has ventured beyond its original area of operation -- the Anadarko Basin -- to explore for, develop, produce, and market oil, natural gas, and related products worldwide. The large independent oil and gas company has xpanded significantly with the acquisition of fellow independent Union Pacific Resources, which has boosted Anadarko's proved reserves to 2.3 billion barrels of oil equivalent, evenly divided between crude oil and natural gas. More than half of the company's reserves are in the US (Alaska, Louisiana, Texas, the midcontinent and Rocky Mountain regions, and the Gulf of Mexico).