Anadarko reports 4Q loss, record yearend sales volumes

02/17/2014
Anadarko Petroleum Corp. reported a fourth-quarter net loss of $770 million, decreasing net income by $1.145 billion. For yearend 2013, Anadarko reported net income of $801 million and cash flow from operating activities of $8.888 billion. The company reported 2013 sales volumes of natural gas, crude oil, and natural gas liquids totaling a record 285 million boe, a 7% year-over-year increase in daily sales volumes. It also reported a 194% reserve-replacement ratio. Anadarko estimated its proved reserves at yearend 2013 were 2.79 billion boe, 72% of which was categorized as proved developed. At yearend 2013, Anadarko's proved reserves were 55% natural gas and 45% liquids. Onshore activity ...
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