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USD ($) / shares

USD ($)

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margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;font-weight:bold;margin-left:0px;"&gt;3.&amp;#160;&amp;#160;Divestitures and Other&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&amp;#160;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;font-weight:bold;margin-left:0px;"&gt;Gains (Losses) on Divestitures and Other&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;In 2010, &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;proceeds from divestitures, and net gains on such &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;divestitures&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;,&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt; of $&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;70&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt; million and $&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;29&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt; million, respectively, are primarily related to &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;onshore &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;United States&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;oil and gas properties. &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;During 2009 and 2008, the Company closed several unrelated property divestiture transactions, realizing proceeds of $&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;176&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;&amp;#160;million and $&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;2.5&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;&amp;#160;billion before income taxes, respectively&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;, and&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt; net gains on divestitures &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;of&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt; $&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;44&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;&amp;#160;million and $&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;1.2&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;&amp;#160;billion, respectively. The 2009 gains included $&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;29&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;&amp;#160;million &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;related to divestitures of certain oil and gas properties in &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;Qatar&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;.&lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top: 0pt; margin-bottom: 0pt;'&gt;&lt;/p&gt;&lt;p style='margin-top:12pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;margin-left:0px;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;During 2008, the Company entered into an agreement to divest its &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;50&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;% interest in the Peregrino field, offshore &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;Brazil&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;, and certain related assets. The Peregrino divestiture closed in December 2008. Anadarko received approximately $&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;1.4&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;&amp;#160;billion in net after-tax cash proceeds from the sale, recognizing a gain of approximately $&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;800&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;&amp;#160;million. In connection with the sale of its interest in the Peregrino field, Anadarko may receive&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt; up to $&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;300&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;&amp;#160;million of&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt; contingent consideration in future periods&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt; &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;based on the value of oil produced from properties subject to the sale transaction. The Company has not recorded any amounts for this contingent consideration. Additionally, the Company has cash on deposit with the Brazilian federal court pending a decision regarding the rate of tax &lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;applicable to&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt; the sale of the Peregrino field. &lt;/font&gt;&lt;/p&gt;&lt;p style='margin-top:0pt; margin-bottom:0pt'&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;margin-left:0px;"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;The&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt; 2008 gains (losses) on divestitures and other, net include a net $&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;82&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;&amp;#160;million ($&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;52&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;&amp;#160;million after tax) reduction related to corrections resulting from analysis of property records after the adoption of the successful efforts method of accounting. This net amount include&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;s&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt; a reduction of $&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;163&lt;/font&gt;&lt;font style="font-family:Times New Roman;font-size:10.5pt;"&gt;&amp;#160;million related to 2007. Management concluded that this misstatement was not material relative to 2007 interim and annual results, or to the 2008 periods, and corrected the error in the first quarter of 2008.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><NonNumericTextHeader>3.&amp;#160;&amp;#160;Divestitures and Other&amp;#160;Gains (Losses) on Divestitures and Other&amp;#160;&amp;#160;&amp;#160;In 2010, proceeds from divestitures, and net gains on such</NonNumericTextHeader><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat><hasSegments>false</hasSegments><hasScenarios>false</hasScenarios></Cell></Cells><OriginalInstanceReportColumns /><Unit>Other</Unit><ElementDataType>us-types:textBlockItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>Disclosure related to divestitures and other.</ElementDefenition><ElementReferences>No authoritative reference available.</ElementReferences><IsTotalLabel>false</IsTotalLabel><IsEPS>false</IsEPS><Label>Divestitures and Other</Label></Row></Rows><Footnotes /><NumberOfCols>1</NumberOfCols><NumberOfRows>1</NumberOfRows><ReportName>Divestitures and Other</ReportName><MonetaryRoundingLevel>UnKnown</MonetaryRoundingLevel><SharesRoundingLevel>UnKnown</SharesRoundingLevel><PerShareRoundingLevel>UnKnown</PerShareRoundingLevel><ExchangeRateRoundingLevel>UnKnown</ExchangeRateRoundingLevel><HasCustomUnits>false</HasCustomUnits><SharesShouldBeRounded>true</SharesShouldBeRounded></InstanceReport>
