Oil & Gas Producer Apache Posts Smaller Loss
U.S. oil and gas producer Apache Corp reported a smaller fourth-quarter loss than a year earlier, when it recorded nearly $6 billion in asset impairment charges.
Net loss attributable to Apache's common shareholders was $182 million, or 48 cents per share, in the three months ended Dec. 31.
The company had posted a loss of $4.02 billion, or $10.62 per share, a year earlier, when it incurred one-time charges of $5.9 billion.
The Houston-based company's total revenue fell about 2 percent to $1.45 billion.
Reporting by John Benny
