Anadarko swings to $2.2B loss amid oil slump
Anadarko Petroleum Corp., one of the major oil and gas producers in Weld County, on Tuesday reported a loss of $2.2 billion, or $4.41 per share, for its third quarter that ended Sept. 30.
Anadarko (NYSE: APC) had a profit of $1.09 billion, or $2.12 per share for the third quarter a year earlier.
The Houston-based company, hurt by the slump in crude prices, reported revenue of $1.7 billion for the quarter, down from $5 billion for the same period a year ago and $2.64 billion recorded during the second quarter of this year.
During the…
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