By Michael Dabaie

Anadarko Petroleum Corp. (APC) said Monday its board authorized a $1 billion increase of its share-repurchase program, bringing it to $4 billion.

The company completed the first $3 billion of the program last month. The board authorization extends through the end of June 2019.

Anadarko also said it increased its debt-reduction program by $500 million, bringing the total planned to $1.5 billion.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

July 09, 2018 08:02 ET (12:02 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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