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Newfield's Springer Test Produces Positive Results
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Newfield Exploration Company has reported its unaudited third quarter 2014 financial results and provided an update on its operations.
Highlights With the sale of Newfield's Malaysia business earlier this year and the process underway to divest its China business, the financial and operating results for the Company's international businesses are reported as "discontinued operations." For the third quarter of 2014, Newfield reported consolidated net income of $278 million, or $2.02 per diluted share (all per share amounts are on a diluted basis). Net income from continuing operations would have been $72 million, or $0.52 per share, excluding an unrealized gain on commodity derivatives of $323 million ($207 million after-tax), or $1.50 per share. Third quarter consolidated net cash…- ✓ Full news archive — U.S., Canada & international coverage
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Williston Basin News
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