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...
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