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2016-03-03 18:55:00

ANADARKO SELLS MORE

ANADARKO SELLS MORE

Anadarko will sell more assets and reduce by nearly half its spending on oil and natural gas exploration this year.

One of the world's biggest independent oil and natural gas exploration and production companies, Anadarko said Tuesday it will cut capital expenditures this year to between $2.6 billion and $2.8 billion, from about $5.5 billion last year.

"Nearly all of the reduction is being taken out of our U.S. onshore activities," company spokesman John Christiansen said in an interview.

Cutbacks by Anadarko and other U.S. producers have played…

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Tags: ANADARKO, FINANCIAL, OIL, GAS, PRICES
Chronicle:
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