Anadarko Petroleum $APC Falls 4% After More Losses & Cutting Budget


$APC’s BoD has authorized a $2.5Bil share repurchase program.

The authorization extends through the end of 2018. At the current share price, this represents approx. 10% of the company’s outstanding common shares, and $APC will initially target $1Bil of share repurchases prior to year-end 2017.