Apache Reports Smaller Quarterly Loss

Oil and gas producer Apache Corp's quarterly loss narrowed as the company recorded a smaller charge, mainly related to asset impairments.

The Houston-based company's net loss attributable to shareholders narrowed to $607 million, or $1.60 per share, in the third quarter ended Sept. 30, from $4.14 billion, or $10.95 per share, a year earlier. (http://bit.ly/2ffvejT)

The company recorded impairments of $836 million in the latest quarter, compared with $3.9 billion a year earlier.

Total revenue fell 5.8 percent to $1.44 billion.

Reporting by Komal Khettry