Anadarko Petroleum Corporation APC recently announced that Mozambique LNG1 Company Pte. Ltd. has signed a Sale and Purchase Agreement for 17 years for ex-ship supply of 1.6 million tonnes per annum (MTPA)with JERA Co., Inc (JERA) and CPC Corporation, Taiwan (CPC). Mozambique LNG1 Company is the jointly-owned sales entity of the Mozambique Area 1. Apart from Anadarko, the co-venturers in Area 1 include six other entities.The company is on track to complete the Mozambique LNG project and making a final investment decision in the first half of 2019, post securing final approvals. The deal brings company’s total long-term agreements to 11.1 MTPA.LNG Development The company’s international operations include oil, natural gas and NGL production in South America and Africa. The company’s asset portfolioincludes a natural-gas discovery in Mozambique.Anadarko Petroleum is developing Mozambique's first onshore LNG facility that comprises two initial LNG trains with a capacity of 12.88 MTPA to support the development of Offshore Area 1.Strong Asset Portfolio The company’s asset portfolio is positioned to deliver long-term value to stakeholders. The company’s premium shale properties, which include the Delaware and Denver-Julesburg basins, the Deepwater Gulf of Mexico and Powder River basin are boosting production volumes.To focus on high-return domestic assets and achieve capital efficiency, Anadarko Petroleum has been systematically selling non-core properties since 2004.The strong asset base of Anadarko Petroleum in the Permian Basin made it a prime acquisition candidate for the companies that are trying to expand operation in the United States resource rich onshore basin. Initially, Chevron Corp. CVX had made its bid for the company, but when Occidental Petroleum OXY raised its bid, Chevron decided to move out with $1-billion breakup fee.Anadarko’s international operation in Africa that includes the Mozambique holdings will eventually move to TOTAL S.A. TOT. TOTAL has entered into a binding agreement with Occidental to acquire Anadarko’s assets in Africa (for a consideration of $8.8 billion) post the successful completion of the bid for Anadarko.Zacks Rank & Price MovementAnadarko Petroleum currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. The shares of the company have increased 4.4%, against the industry’s decline of 31.9% in the past 12 months.Today's Best Stocks from ZacksWould you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.See their latest picks free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TOTAL S.A. (TOT): Free Stock Analysis Report Chevron Corporation (CVX): Free Stock Analysis Report Anadarko Petroleum Corporation (APC): Free Stock Analysis Report Occidental Petroleum Corporation (OXY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research