Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, November 6, 2014

Apache Corp has loss of $1.3 billion on charges, (NYSE: APA)

Apache Corp, a U.S. oil company in the process of selling or spinning off its international operations, on Thursday reported a $1.3 billion net loss on the write-down of some oil and gas properties and a tax charge. The Houston company reported a loss of $1.3 billion, or $3.50 per share, compared with a profit of $300 million, or 75 cents per share in the same quarter a year earlier.Total oil and gas output in the quarter averaged 637,000 barrels of oil equivalent per day (boepd), compared with 784,000 boepd from a year earlier.

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 2.65% or $-2.0/share to $73.56. In the past year, the shares have traded as low as $69.28 and as high as $104.57. On average, 3255420 shares of APA exchange hands on a given day and today's volume is recorded at 434948.