Issuer Free Writing Prospectus, dated August 9, 2010
Filed Pursuant to Rule 433 under the Securities Act of 1933
Registration No. 333-161370
(Anadarko Logo)
Anadarko Petroleum Corporation
Pricing Term Sheet
$2,000,000,000 6.375% Senior Notes due 2017
  Anadarko Petroleum Corporation
  SEC registered
Security Description:
  6.375% Senior Notes due 2017
Aggregate Principal Amount:
Gross Proceeds:
Net Proceeds (Before Expenses):
  September 15, 2017
Offering Price:
  100.00% of principal amount
Yield to Maturity:
Spread to Benchmark Treasury:
  +415.6 bps
Benchmark Treasury:
  UST 2.375% due July 31, 2017
Benchmark Yield:
Interest Payment Dates:
  Semi-annually on each March 15 and September 15, commencing March 15, 2011
Make-Whole Redemption:
  Make-whole call @ Treasury Rate + 50 basis points
Trade Date:
  August 9, 2010



  T+3 (August 12, 2010)
Joint Book-Running Managers:
  J.P. Morgan Securities Inc.
  Barclays Capital Inc.
  Citigroup Global Markets Inc.
  Credit Suisse Securities (USA) LLC
  Deutsche Bank Securities Inc.
  Goldman, Sachs & Co.
  Morgan Stanley & Co. Incorporated
  UBS Securities LLC
  Banc of America Securities LLC
  DnB NOR Markets, Inc.
  RBS Securities Inc.
  SG Americas Securities, LLC
  Wells Fargo Securities, LLC
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you to the prospectus if you request it by calling J.P. Morgan Securities Inc. (collect) at 1-212-834-4533; Barclays Capital Inc. at (888) 603-5847; Citigroup Global Markets Inc. at 1-877-858-5407; Credit Suisse Securities (USA) LLC at 1-800-221-1037; Deutsche Bank Securities Inc. at 1-800-503-4611; Goldman, Sachs & Co. at 212-902-1171 or 866-471-2526; Morgan Stanley & Co. Incorporated at 866-718-1649; and UBS Securities LLC at 1-877-827-6444 ext. 561-3884.