PEP records strong revenues in second quarter

Oil and gas company Plains Exploration and Production (PEP) has revealed that, for the second quarter of 2010, revenues of $364.6m (£229.1m) generated $45.4m of net income, or $0.32 per diluted share.

This compares with revenues of $278.7m and net income of $43.6m, or $0.37 per diluted share, for the second quarter of 2009.