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CM - Anadarko reports small Q1 net loss, 11% production rise - May 2019
Anadarko Petroleum Corp., the center of the most high-profile energy bidding war in years and the first E&P takeover battle this century, reported its first quarterly net loss in six quarters even though its daily sales volume of 715,000 boe/d rose over 11% YOY, it beat costs down over 4% to about $2.4 billion and its operating income jumped 56% to $578 million. The Q1 loss was small at $15 million as earnings were downed by over $400 million in net interest expense on the company’s......
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