Apache Corp, a U.S. oil and gas company under pressure from activist investor Jana Partners, reported lower quarterly profit on Thursday and said it plans to sell its interest in two liquefied natural gas projects (LNG). Apache said it intends to completely exit the Wheatstone LNG project in Australia and Canada's Kitimat LNG project. Apache is also evaluating its international assets and exploring multiple opportunities, including a potential separation, it said.
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 fell by 0.03% or $-0.03/share to $101.29. In the past year, the shares have traded as low as $75.07 and as high as $104.00. On average, 2884910 shares of APA exchange hands on a given day and today's volume is recorded at 2349678.
Source
