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Kerr-Mcgee




Kerr-McGee's exploration and production business was established in 1929.  Kerr-McGee Corp. is one of the largest U.S. based independent oil and natural gas exploration and production companies, with proved reserves of approximately 900 million barrels of oil equivalent at year-end 2005, excluding estimated reserves associated with the announced sale of Gulf of Mexico shelf assets.  

  Kerr-Mcgee is a publicly traded company having a good stock performance result. Kerr-Mcgee is a fortune 500 stock listed company trading under KMG.
 
The company's producing fields are situated in the United States onshore, the deepwater Gulf of Mexico and the Bohai Bay area of China.  In addition, Kerr-McGee explores for oil and gas in its core areas and in proven world-class hydrocarbon trends including the North Slope of Alaska and offshore Brazil, Trinidad and Tobago, and West Africa.
 
Kerr-McGee's balanced portfolio of high-quality oil and natural gas assets is weighted toward less capital-intensive properties with longer reserve life and a lower production decline rate.
 
Kerr-McGee's Board of directors is William E. Bradford, Luke R. Corbett, Sylvia A. Earle, David C. Genever-Watling, Kenneth W. Crouch, David A. Hager and Richard C. Buterbaugh.
 
The company's common stock is publicly traded on the New York Stock Exchange under the ticker symbol "KMG."
 
They expect to complete the announced sale of all our Gulf of Mexico shelf assets during the second quarter of 2006. Following a thorough review of alternatives, they completed an initial public offering of 43percent of their chemical business, Tronox, in November 2005. The remaining 57percent of Tronox shares, which are currently held by Kerr-McGee, will be distributed to their stockholders during the first quarter of 2006.
 
As a result, Kerr-McGee will become a pure-play exploration and production company with a strategy focused on accelerated development and exploitation, high-impact exploration and creative business development. Most importantly, they have the right opportunities, assets and people to perform this strategy and to continue enhancing stockholder value.

At Kerr-McGee, their values influence everything they do.  They are committed to safety, quality, environmental responsibility and ethical conduct. Kerr-McGee has successfully transformed into a pure-play exploration and production company with the right people, assets, opportunities and strategy to deliver increasing value for their shareholders.  They also are a company that encourages and values ingenuity, vision, determination and innovation, as well as integrity.

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