Anadarko cuts spending by $300M, adjusts sales-volume guidance for 2017

Clubs and Organizations

July 25, 2017


The Woodlands-based Anadarko Petroleum Corp. (NYSE: APC) is dialing back its capital expenditures and sales-volume expectations for the rest of 2017. The company is reducing its level of investments by $300 million for the full year and now expects its total sales volume for 2017 to be between 231 million and 235 million barrels of oil equivalent. In March, the company planned to spend between $4.5 billion