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Anadarko Petroleum reported a higher-than-expected quarterly profit yesterday, supported by higher production. However, the firm suffered a net loss on a $1 billion breakup fee compensated to Chevron Corp. Average daily production for Anadarko rose about 17% to 744,000 barrels of oil and gas in the second quarter. Occidental acquired Anadarko in a $38 billion deal, making it the largest producer in the Permian Basin.
