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Apache swings to profit on higher oil prices

May 4 Oil and gas producer Apache Corp swung to a quarterly profit on Thursday, buoyed by the rise in oil prices.

Net income attributable to Apache's common shareholders was $213 million, or 56 cents per share, in the first quarter ended March 31 compared with a net loss of $372 million, or 98 cents per share, a year earlier.

The company's production fell 11 percent to 481,000 barrels of oil equivalent per day (boepd).

(Reporting by Swetha Gopinath in Bengaluru; Editing by Arun Koyyur)

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