Oil producer Anadarko posts smaller quarterly loss
May 2 Oil and gas producer Anadarko Petroleum Corp reported a smaller quarterly loss on Tuesday, helped by higher realized crude prices.
Net loss attributable to Anadarko narrowed to $318 million, or 58 cents per share, in the first quarter ended March 31, from $1.03 billion, or $2.03 per share, a year earlier.
Average sales prices for oil was $50.34 per barrel in the quarter, up from $29.65 a year ago, the company said.
Texas-based Anadarko's revenue more-than-doubled to $3.77 billion. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Martina D'Couto)