Anadarko declares 18-cent dividend
Anadarko, which explores for oil and natural gas in Weld County, posted a fourth-quarter loss of $770 million vs. earnings of $203 million during the same period a year earlier. The Woodlands, Texas, company earned $801 million during 2013 vs. $2.4 billion in 2012.
The company blamed lower earnings on a lawsuit related to spinoff Tronox Inc. in which damages could amount to $14.5 billion.
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Anadarko, based in The Woodlands, Texas, will invest $1.7 billion, up from $1.5 billion in 2013, in Northern Colorado.
Anadarko, which explores for oil and natural gas in Weld County, posted a fourth-quarter loss of $770 million vs. earnings of $203 million during the same period a year earlier. The Woodlands, Texas, company earned $801 million during 2013 vs. $2.4 billion in 2012.
The company blamed lower earnings on a lawsuit related to spinoff Tronox Inc. in which damages could amount to $14.5 billion.
Anadarko, based in The…
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