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Since the 1990s, US policy in Azerbaijan has gone through several important shifts in the areas of energy, security and democracy promotion. How can we make sense of these decisive shifts in the orientation of US policy? In this paper, I identify major shifts in US policy in Azerbaijan based on relative weight given to energy, security and democracy issues. I divide US policy into four different time periods: 1994 to 2001, 2001 to 2007, 2007 to 2015 and 2015 to present. I analyze the changes that took place in US policy in the dimensions of energy, security and democracy. Then, I provide plausible explanations that can account for shifts in US policy. To do so, I utilize foreign policy analysis theory that focuses on domestic and international parameters that bring major foreign policy shifts. My explanation is not monocausal, and focuses on several factors that have influenced US policy in Azerbaijan. [ABSTRACT FROM AUTHOR]