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Vol. 7, No. 6 Week of February 10, 2002
Providing coverage of Alaska and northern Canada's oil and gas industry


Anadarko Petroleum quarterly net falls 76 percent

Asset 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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