(Bloomberg) -- Anadarko Petroleum Corp., a U.S. oil
and natural-gas producer, said second-quarter net income fell 20
percent on higher costs and in the absence of a gain a year
earlier.
Profit dropped to $652 million, or $1.39 a share after
payment of preferred stock dividends, from $815 million, or
$1.76, the company, based in The Woodlands, Texas, said in a
statement on Business Wire. Last year's results included a gain
of 32 cents a share from tax changes. Revenue almost doubled to
$3.31 billion from $1.81 billion.
Read more at Bloomberg Energy News
and natural-gas producer, said second-quarter net income fell 20
percent on higher costs and in the absence of a gain a year
earlier.
Profit dropped to $652 million, or $1.39 a share after
payment of preferred stock dividends, from $815 million, or
$1.76, the company, based in The Woodlands, Texas, said in a
statement on Business Wire. Last year's results included a gain
of 32 cents a share from tax changes. Revenue almost doubled to
$3.31 billion from $1.81 billion.
Read more at Bloomberg Energy News
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