Anadarko posts quarterly profit as global crude oil prices recover
New Delhi: 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.
Mozaffar EtezadiFar
Founder at Energykade
Mozaffar owns degrees in electrical engineering as BSc and power management as MSc. He has worked in fields of energy and e-commerce. He believes that energy and IT can help each other to save more energy and our planet. So here is energykade...
Latest posts by Mozaffar EtezadiFar (see all)
- Exports slip 0.8% in December 2020; trade deficit widens to USD 15.71 billion - 2nd January 2021
- After NCLAT, NCLT now also dismisses appeal of Hindustan Oil Exploration Company - 29th December 2020
- Behind the scenes: What led to Cyrus Mistry ouster - 25th December 2020
HI@EnergyKade.com
Leave a Reply
Want to join the discussion?Feel free to contribute!