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.Apache, under pressure from activist investor Jana Partners, said in July it intends to exit two liquefied natural gas projects in Canada and Australia. It also evaluating the sale or spin-off of international operations to focus on drilling North American shale wells.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.Excluding items including the $1 billion write-down of certain oil and gas assets due to low energy prices, Apache had a profit of $1.38 per share. Analysts on average had expected a profit of $1.38 per share, according to Thomson Reuters I/B/E/S.
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 2.94% or $-2.22/share to $73.34. 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 1085386.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.58% or $-0.22/share to $37.64. In the past year, the shares have traded as low as $33.21 and as high as $38.73. On average, 744271 shares of TRI exchange hands on a given day and today's volume is recorded at 100116.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.3% or $-0.13/share to $43.00. In the past year, the shares have traded as low as $36.86 and as high as $43.26. On average, 686972 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 103837.
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