Global Oil & Gas: Anadarko becomes first U.S. oil producer to slash 2017 capex
U.S. oil producer Anadarko Petroleum Corp (APC.N) posted a larger-than-expected quarterly loss on Monday and said it would cut its 2017 capital budget by $300 million because of depressed oil prices CLc1, the first major U.S. oil producer to do so as reported by Reuters.
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