24-07-2017 23:14 via rocketnews.com

UPDATE 1-Anadarko becomes first U.S. oil producer to slash 2017 capex

July 24 (Reuters) – U.S. oil producer Anadarko PetroleumCorp posted a larger-than-expected quarterly loss onMonday and said it would cut its 2017 capital budget by $300million, the first major U.S. oil producer to do so, because ofdepressed oil prices.
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