Anadarko Petroleum quarterly profit falls, output a record

Mon May 6, 2013 4:13pm EDT

May 6 (Reuters) - Anadarko Petroleum Corp on Monday reported a sharply lower quarterly profit, as year-ago results were boosted by a large tax benefit.

The Houston company had a first-quarter profit of $460 million, or 91 cents per share, compared with $2.2 billion, or $4.28 per diluted share, in the same period a year earlier.

Oil and gas production rose 13 percent to a record 793,000 barrels oil equivalent (boe) per day.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.