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Anadarko Petroleum's quarterly net profit jumps 74pct

Gasoil News - Published on Mon, 11 Feb 2019

Image Source: ET EnergyWorld
Anadarko Petroleum's adjusted net profit surged 74 per cent in the December quarter, as it sold more oil at higher prices. The oil and gas producer said adjusted net income rose to USD 184 million or 38 cents per share in the three months ended Dec. 31, from USD 106 million or 18 cents a year earlier.

Sales volumes of oil, natural gas and natural gas liquids averaged about 701,000 barrels of oil equivalent per day (boe/d), up from 637,000 boe/d a year earlier.

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Posted By : Rabi Wangkhem on Mon, 11 Feb 2019
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