By Anne Steele

Apache Corp. significantly narrowed its loss in the final quarter of the year as the energy producer slashed expenses amid the prolonged downturn in commodities pricing.

Chief Executive John Christmann IV said the company remained focused on costs in a "volatile price environment."

For the December quarter, Apache reported a loss of $182 million, or 48 cents a share, compared with a year-earlier loss of $4.02 billion, or $10.62 a share. Excluding asset write-downs and other items, Apache's adjusted per-share loss was 6 cents.

Revenue slipped 2.1% to $1.45 billion.

Costs and expenses were 77% lower.

Analysts polled by Thomson Reuters had expected per-share earnings of 7 cents and revenue of $1.51 billion.

Write to Anne Steele at anne.steele@wsj.com.

(END) Dow Jones Newswires

February 23, 2017 08:19 ET (13:19 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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