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Anadarko 2Q Update; Lucius platform Production Record, TEN field 97% Complete
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Anadarko Petroleum Corporation announced its financial and operating results for the second quarter of 2016, including a net loss attributable to common stockholders of $692 million, or $1.36 per share (diluted). The net loss includes certain items typically excluded by the investment community in published estimates, which in the aggregate decreased net income by $388 million or $0.76 per share (diluted) on an after-tax basis.
Highlights: Achieved record production levels at three operated Gulf of Mexico facilities and in the U.S. onshore Delaware and DJ basins Encountered more than 1,040 net feet of oil pay at the Shenandoah-5 appraisal well and increased working interest in this operated deepwater discovery Closed $2.5 billion of monetizations year to date Retired $3 billion…- ✓ Full news archive — U.S., Canada & international coverage
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