Apache Reports Record Earnings and Production for 2010

Apache Corporation (NYSE:APA,NASDAQ:APA) announces that the company’s production set a new annual record.

The press release is quoted as saying:

For the year ended Dec. 31, 2010, Apache reported net income of $3.0 billion, or $8.46 per diluted common share, compared to a net loss of $292 million, or 87 cents per share in 2009. The prior year included a $1.98 billion, non-cash, after-tax write-down that was a result of lower commodity prices during the first quarter 2009.

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