| Anadarko Petroleum 2Q profit drops 76 percent | |
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THE WOODLANDS, Texas (AP) -- Anadarko Petroleum Corp. (APC) on Tuesday reported net income that declined by 76 percent in its second quarter, and missed analysts' expectations.
The company based in The Woodlands, Texas, said earnings declined to $227 million, or 45 cents per share, from $929 million, or $1.83 per share, in the same quarter a year earlier.
Earnings, adjusted for non-recurring costs, were $1.32 per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.34 per share.
The oil company said revenue climbed 27 percent to $4.44 billion from $3.5 billion in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $4.13 billion, according to Zacks.
Anadarko Petroleum shares have climbed $29.91, or 38 percent, to $109.23 since the beginning of the year, while the Standard & Poor's 500 index has risen 6.6 percent. The stock has increased $20.43, or 23 percent, in the last 12 months.
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Keywords:Anadarko Petroleum,Earnings Report
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Anadarko
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CODE : APC |
ISIN : US0325111070 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Anadarko is a exploration company based in Canada. Anadarko is listed in Germany and in United States of America. Its market capitalisation is US$ 38.6 billions as of today (€ 34.5 billions). Its stock quote reached its lowest recent point on May 12, 1995 at US$ 10.00, and its highest recent level on May 23, 2014 at US$ 99.93. Anadarko has 531 000 000 shares outstanding. |