NEW YORK (TheStreet) -- Anadarko Petroleum
(APC) reported a 76% drop in second quarter net income, due in large part to the $5.15 billion it paid to settle environmental pollution charges, posting net income of $227 million, or 45 cents per diluted share.
However, excluding the settlement and other one-time items, the company reported earnings of $1.32 per share, 3 cents better than analysts had anticipated.
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The independent exploration and production company reported a 13% rise in daily oil and gas sales to 848,000 barrels of oil equivalent per day.
Anadarko shares are up 0.7% to $109.98 in after-hours trading on Tuesday.
APC data by YCharts
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