Anadarko Petroleum Corp. reported a net loss of $1.025 billion for this year’s second quarter. The loss includes certain items typically excluded by the investment community in published estimates, the company said.
In total, these items increased the net loss by $1.274 billion on an aftertax basis—one being the Chevron Corp. merger termination fee and other merger transaction costs of $1.042 billion (OGJ Online, May 19, 2019).
The company recorded revenue of $3.44 billion for the quarter, while net cash provided by operating activities totaled $776 million.
Anadarko’s sales volume of oil, natural gas, and natural gas liquids totaled 68 million boe, or an average of 744,000 boe/d, which included 434,000 b/d of oil.
Anadarko’s US onshore assets averaged sales volume of 484,000 boe/d during the second quarter, which included 207,000 b/d of oil. Anadarko’s volumes from the Gulf of Mexico averaged 158,000 boe/d during the quarter, which included 130,000 b/d of oil. Internationally, the company averaged 102,000 boe/d during the second quarter, which included 97,000 b/d of oil.
