Feb 25 (Reuters) - Apache Corp (N:APA) APA.N set a 2016 capital
budget more than 60 percent lower than its 2015 expenditure and
the oil and gas producer reported a bigger quarterly loss due to
$5.9 billion in writedowns and impairment charges.
The company said on Thursday it planned to spend $1.4
billion-$1.8 billion this year.
The net loss attributable to Apache's common shareholders
widened to $7.21 billion, or $19.07 per share, in the fourth
quarter ended Dec. 31 from $4.81 billion, or $12.78 per share, a
year earlier.