Thursday, July 26, 2007

UPDATE 2-Apache 2nd-qtr net profit dips, shares fall

(Reuters) - HOUSTON, July 26 - Independent oil and gas
producer Apache Corp. said on Thursday its
second-quarter profit fell 12 percent from a year-ago when it
recorded a one-time Canadian tax benefit.




The Houston-based company said its second-quarter profit
declined to $632 million, or $1.89 a diluted share, compared
with $722 million or $2.17 a diluted share in the 2006
quarter.


Read more at Reuters.com Market News

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