Anadarko Petroleum Brings Excellent 3Q08 Profits As Gulf Repairs Continue, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) — Anadarko Petroleum Corporation (NYSE:APC) (The Woodlands, Texas) announced third quarter 2008 net income of $2.16 billion. Discounting specific items that affect comparability, including large derivatives-based gains, net income for the quarter was $765 million, more than twice 3Q07′s adjusted net income of $318 million. Currently, about 75% of Anadarko’s Gulf of Mexico production is back online, and all facilities are operational.
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SOURCE: Industrial Info Resources