Apache Corp (APA.N)
25 May 2017
* Apache corp - declared regular cash dividend on company's common shares at a rate of 25 cents per share Source text for Eikon: Further company coverage:
* Apache appoints Rene R. Joyce to board of directors Source text for Eikon: Further company coverage:
HOUSTON Oil and gas producer Apache Corp swung to a first-quarter profit on higher oil prices and one-time property sales, it said on Thursday, but shares fell as adjusted results disappointed Wall Street.
HOUSTON, May 4 Oil and gas producer Apache Corp swung to a first-quarter profit on higher oil prices and one-time property sales, it said on Thursday, but shares fell as adjusted results disappointed Wall Street.
* Q1 production was 481,110 barrels of oil equivalent (boe) per day versus 541,208 boe per day
May 4 Oil and gas producer Apache Corp swung to a quarterly profit on Thursday, buoyed by the rise in oil prices.
(In Feb. 23 story, removes reference in paragraph 11 to Chevron raising its budget for the year. Chevron had cut its budget.)
Feb 23 U.S. oil and gas producer Apache Corp estimated a more than 60 percent jump in capital spending for 2017, but forecast lower-than-expected production, sending its shares down as much as 6.6 percent.
Feb 23 Oil and gas producer Apache Corp said it would spend 63.2 percent more in 2017 than it did last year, joining a growing list of U.S. shale producers who are ramping up spending to take advantage of a recovery in oil prices.
Feb 23 U.S. oil and gas producer Apache Corp reported a smaller fourth-quarter loss than a year earlier, when it recorded nearly $6 billion in asset impairment charges.
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