Anadarko to curb spending this year

U.S.-based oil and gas company Anadarko Petroleum Corporation narrowed its net loss for the second quarter 2017 and decided to reduce its spending for the year. 

For the 2Q 2017, the oil company on Monday reported a net loss attributable to common stockholders of $415 million compared to $692 million loss in the prior-year period.

The company’s revenues for the second quarter 2017 increased to $2.7 billion from $1.9 billion in the corresponding quarter of 2016.

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