Anadarko trims spending for 2018

The Woodlands-based Anadarko Petroleum Corp. (NYSE: APC) expects its 2018 capital expenditures to be slightly lower than what it had planned to spend in 2017.

The company expects its 2018 capital investments to be between $4.2 billion and $4.6 billion. For 2017, Anadarko initially expected to spend between $4.5 billion and $4.7 billion — up about 60 percent from the initial 2016 capital expenditure plan — but it later cut the 2017 figure by $300 million. 

About 80 percent of the 2018 capital…

Original published: 2017-11-16 13:53:55 Read the full Houston News here

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