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Article: Tulsa-based Apco Oil reports drop in net income, revenue
- Article from:
- THE JOURNAL RECORD
- Article date:
- August 10, 2009
CopyrightCopyright 2009 THE JOURNAL RECORD. Provided by ProQuest LLC. (Hide copyright information)
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Apco Oil and Gas International Inc. on Friday reported a drop in
net income for the second quarter to $5.4 million, or 18 cents per
share, from $7.2 million, or 24 cents per share, for the second
quarter of 2008.
An increase in crude and natural gas sales volumes was offset by
lower prices.
Revenue for the quarter totaled $15.5 million, down from $17.5
million a year earlier.
Net income for the first six months of the year totaled $10.4
million, down from $13.6 million for the first six months of 2008.
The Tulsa-based company with interests in seven oil and gas
concessions and one exploration ...