In April 2006,Houston-based Anadarko Petroleum Corp.was progressing as it had since 1986 when it was spun out of Panhandle Energy as a North American E&P company.When Jim Hackett joined the company as chief executive in December 2003,he began an asset-rationalization program that took place in June 2004 with the goal of optimizing the company's asset footprint to refocus on areas best suited to core skills and talents.
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