Newspaper article THE JOURNAL RECORD

WPX Energy Reports Loss for Quarter, Year

Newspaper article THE JOURNAL RECORD

WPX Energy Reports Loss for Quarter, Year

Article excerpt

TULSA - WPX Energy Inc. on Wednesday reported closed mixed results for the fourth quarter and full year of 2015.

Total revenue for the fourth quarter was $495 million, 56 percent lower than the same period in 2014, or $1.13 billion. Total revenue for the full year was $1.88 billion, down 46 percent from $3.49 billion a year earlier.

Production was essentially flat from the fourth quarter of 2015, of 15.9 million barrels of oil equivalent, up from 15.8 million barrels of oil equivalent for the fourth quarter of 2014. Full year production fell slightly to 61.5 million barrels of oil equivalent, down 1 percent from 62.2 million barrels of oil equivalent in 2014.

Net losses attributable to WPX Energy shareholders for the fourth quarter were $1.54 billion, down from net income of $219 million in the same period of 2014. …

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