Global Oil & Gas: Anadarko Petroleum’s quarterly profit jumps 74%

Anadarko Petroleum’s adjusted 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 $184 million or 38 cents per share in the three months ended Dec. 31, from $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. source: APC