Anadarko in quarterly loss over BP payout

ANADARKO Petroleum reported a wider quarterly loss yesterday, as the US oil and gas company spent $4bn (£2.5bn) to settle with BP over the Gulf of Mexico oil spill disaster last year.

It reported a third-quarter loss of $3.1bn, or $6.12 per share, compared with a loss of $26m, or 5 cents per share, a year earlier. Shares have risen 11 per cent since the settlement news.