Anadarko Petroleum quarterly
net falls 76 percentAsset write-down brings 2001 into red; $1 billion reduction in value attributed to internal accounting error Allen Baker PNA Contributing Writer
Sharply lower prices slashed profits at Anadarko Petroleum Corp. to $109 million for the fourth quarter, down 76 percent from $457 million for the same quarter of 2000.
For the year, Houston-based Anadarko posted a loss of $188 million, compared with earnings of $796 million in 2000. That came afte....
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