Apache Corp said it would sell properties in the Gulf of Mexico for $1.4 billion as the U.S. oil and gas company focuses on its more lucrative shale fields in North America.The company is selling its interests in two development projects and 11 deepwater exploration blocks in the Gulf of Mexico to Freeport-McMoRan Copper & Gold Inc.Apache's shares rose 1.4 percent before the bell after the company also posted a better-than-expected adjusted profit.Apache, like Occidental Petroleum Corp and Hess Corp , has been boosting production in North America and selling international assets.
Apache Corporation (Apache) is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Shares of APA traded higher by 1.53% or $1.34/share to $89.10. In the past year, the shares have traded as low as $75.07 and as high as $94.84. On average, 3246300 shares of APA exchange hands on a given day and today's volume is recorded at 147363.
Freeport-McMoRan Copper & Gold Inc. (FCX) is an international mining company. Shares of FCX fell by 0.68% or $-0.2301/share to $33.76. In the past year, the shares have traded as low as $26.37 and as high as $38.09. On average, 10253000 shares of FCX exchange hands on a given day and today's volume is recorded at 128128.
Occidental Petroleum Corporation (Occidental) conducts its operations through various subsidiaries and affiliates. Shares of OXY traded higher by 0.11% or $0.11/share to $96.34. In the past year, the shares have traded as low as $84.91 and as high as $99.42. On average, 4066770 shares of OXY exchange hands on a given day and today's volume is recorded at 86486.
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