Anadarko Petroleum beats by $0.11, misses on revs (66.52 -0.80)
- Reports Q1 (Mar) earnings of $0.52 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $0.41; revenues fell 19.2% year/year to $3.04 bln vs the $3.14 bln Capital IQ Consensus
- Co achieved record divestiture-adjusted oil production of 367,000 barrels per day
- Increased the co's oil production mix to 57 percent, while generating its highest per-barrel margins since 2014, when oil prices averaged more than $93 per barrel for WTI
- Co sees Q2 total sales volumes (oil, nat gas and Nat gas liquids) at 615-640 MBOE/d; sees 2018 at 658-685 MBOE/d
- Note: Guidance excludes sales volumes for Alaska due to divestiture.
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