February 6, 2018 / 9:36 PM / 8 months ago

Anadarko posts quarterly profit as oil prices recover

Feb 6 (Reuters) - Oil and gas producer Anadarko Petroleum Corp on Tuesday reported a fourth-quarter profit, compared with a year-earlier loss, on recovery in global crude oil prices.

Net income attributable to Anadarko was $976 million, or $1.80 per share, in the quarter ended Dec. 31, from a loss of $515 million, or 94 cents per share, a year earlier.

Anadarko’s revenue rose 22.7 percent to about $2.93 billion.

Sales volumes of oil, natural gas and natural gas liquids averaged about 637,000 BOE per day, down from 774,000 a year earlier.

Reporting by Taenaz Shakir in Bengaluru; Editing by Anil D'Silva

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below