April 28, 2017 (Shareholders Foundation) - An investigation on behalf of investors of Anadarko Petroleum Corporation (NYSE:APC) shares over potential securities laws violations by Anadarko Petroleum and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Anadarko Petroleum Corporation (NYSE:APC) concerning whether a series of statements by Anadarko Petroleum Corp. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Anadarko Petroleum Corporation reported that its annual Total Revenue declined from over $8.69 billion in 2015 to over $7.86 billion in 2016 and that its Net Loss declined from over $6.69 billion in 2015 to over $3.07 billion in 2016.

Shares of Anadarko Petroleum Corporation (NYSE:APC) grew from $32.02 per share in early 2016 to as high as $72.69 per share in late 2016.

On April 26, 2017,an article was published stating that Anadarko Petroleum Corporation plans to shut down 3,000 vertical wells in northeastern Colorado after a fatal home explosion in Firestone near one of its wells. The article stated that the April 17 explosion killed two men in a recently built home located within 170 feet of an Anadarko Petroleum Corporation well.

Shares of Anadarko Petroleum Corporation (NYSE:APC) declined on April 27, 2017 to $55.57 per share.

On April 28, 2017, NYSE:APC shares closed at $57.02 per share.