May 4, 2017 / 12:14 PM / 4 months ago

Apache swings to profit on higher oil prices

May 4 (Reuters) - Oil and gas producer Apache Corp swung to a quarterly profit on Thursday, buoyed by the rise in oil prices.

Net income attributable to Apache's common shareholders was $213 million, or 56 cents per share, in the first quarter ended March 31 compared with a net loss of $372 million, or 98 cents per share, a year earlier.

The company's production fell 11 percent to 481,000 barrels of oil equivalent per day (boepd).

Reporting by Swetha Gopinath in Bengaluru; Editing by Arun Koyyur

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below