May 1 (LNGJ) - Anadarko Petroleum Corp., operator of the planned Mozambique LNG project in southeast Africa, said first-quarter 2012 net income attributable to common stockholders was $2.1 billion, or $4.28 per share. "Anadarko delivered record operating results, generated more than $130 million of free cash flow and successfully appraised discoveries in Mozambique, the Gulf of Mexico and Ghana during the first quarter of 2012," said Anadarko Chairman and CEO Jim Hackett. In addition, Anadarko resolved its Algerian tax dispute. This results in a $1.8Bln benefit in the first quarter, the company said.
Anadarko profits boost
Written by John McKay
Tuesday, 01 May 2012
Free Read
font size
Published in
News in brief
Latest from John McKay
- Italian gas grid and LNG terminals operator SNAM makes progress in acquiring more natural gas storage
- US equipment and services firm Baker Hughes buoyed by orders for Algerian gas field and Australian LNG
- Italy’s Enel utility reports drop in revenues from natural gas to power businesses in Europe and South America
- TechnipFMC increases earnings as orders grow for oil and gas and LNG projects to. boost the backlog
- Golden Pass advances
Related Video
Free Read
