Apache Corp posts quarterly loss on asset impairment charges [Reuters]
APA Corporation (APA)
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Source: Reuters
Apache Corp posts quarterly loss on asset impairment charges | Reuters 1 Min Read Feb 27 (Reuters) - U.S. oil and gas producer Apache Corp posted a quarterly loss on Wednesday, hit by impairment charges related to its assets in the North Sea, Gulf of Mexico, Anadarko Basin and Egypt. The Houston-based company said net loss attributable to shareholders was $381 million, or $1 per share, for the fourth-quarter ended Dec. 31, compared with a net profit of $456 million, or $1.19 per share, a year earlier. Apache said total production rose 10 percent to 482,298 barrels of oil equivalent per day (boe/d). Reporting by Shradha Singh in Bengaluru; Editing by SrirajKalluvila All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Apache Corp posts quarterly loss on asset impairment charges Feb 27 (Reuters) - U.S. oil and gas producer Apache Corp posted a quarterly loss on Wednesday, hit by impairment charges
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