Anadarko Petroleum Company (APC) reported its third quarter results on Monday. The independent exploration and production company managed to boost production in a solid third quarter.
Third Quarter Results
Anadarko reported third quarter revenues of $3.33 billion, up 4.2% on the year. Revenues fell short of analysts expectations of $3.40 billion
The company reported a net income of $142 million for the quarter. Net income attributable to shareholders came in at $121 million, or $0.24 per diluted share. Last year, the company reported a $3.0 billion loss on the back of settlement costs related to the Deepwater disaster.
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