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Anadarko Q4 Earnings Review - Company Continues Focus On Production Expansion In 2015 And 2016

Texas based Anadarko Petroleum Corporation (APC) released its financials for the fourth quarter and full year ended 2014.

Fourth quarter and full year recap

The company reported its quarterly revenues at $3.177 billion, recording a 5% year on year decline. Moreover, the revenues recorded failed to meet analyst estimates by about $0.58 billion. The company did better on its full year results, recording revenues of $18.5 billion versus analyst's expectations of $17.5 billion for the year. Revenues for the year were also about 6% higher than those recorded a year earlier. The results of the quarter against those for the full year are a perfect representation of how the all price volatility has finally kicked into the company's top line growth, causing it to see its revenues decline by low, single digits in the quarter.

The petroleum company reported a quarterly loss of $395 million, up from a loss of… Read More …