Apache Corp.'s 2Q profit nearly doubles as global oil, gas production ... - CanadianBusiness.com

By
Viraj
on July 21, 2010 4:36 AM | | TrackBacks (0)
The earnings were released as the Houston oil and gas company said it will buy several assets from BP PLC for $7 billion. It also is starting two separate stock offerings.

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For the quarter that ended June 30, Apache recorded net income of $860.2 million, or $2.53 a share, compared with $443.3 million, or $1.31 a share, in the year-ago quarter. Revenue rose to $2.97 billion from $2.09 billion. Analysts surveyed by Thomson Reuters forecast, on average, earnings of $2.31 a share on revenue of $2.8 billion. Such estimates typically exclude one-time items.

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This page contains a single entry by Viraj published on July 21, 2010 4:36 AM.

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