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Anadarko Petroleum adjusted profit falls 10%
5:49 CAT | 27 Jul 2019
Picture: Anadarko
Anadarko Petroleum Corp, which is being bought out by rival Occidental Petroleum Corp, reported a 10.4% fall in quarterly adjusted profit on Friday, hit by lower oil and gas prices.
The company said adjusted net income fell to $249 million, or 51 cents per share, in the second quarter ended June 30 from $278 million, or 54 cents per share, a year earlier.
Anadarko said second-quarter sales volume of oil, natural gas and natural gas liquids (NGLs) averaged 744,000 barrels of oil equivalent per day (boe/d), up from 637,000 boe/d.
Source: Reuters
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