February 27, 2019 / 10:41 PM / 2 months ago

Apache Corp posts quarterly loss on asset impairment charges

Feb 27 (Reuters) - U.S. oil and gas producer Apache Corp posted a quarterly loss on Wednesday, hit by impairment charges related to its assets in the North Sea, Gulf of Mexico, Anadarko Basin and Egypt.

The Houston-based company said net loss attributable to shareholders was $381 million, or $1 per share, for the fourth-quarter ended Dec. 31, compared with a net profit of $456 million, or $1.19 per share, a year earlier.

Apache said total production rose 10 percent to 482,298 barrels of oil equivalent per day (boe/d).

Reporting by Shradha Singh in Bengaluru; Editing by Sriraj Kalluvila

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