Apache Corp. (NYSE: APA) plans to sell $4 billion in assets before the end of the year and use the proceeds to pay down debt and buy back shares. In a conference call with investors, Apache chief executive Steve Farris said the company now plans to double its sale of assets through 2013. Earlier this year, Apache retained Jefferies LLC to sell off as much as $2 billion in assets in the Gulf of Mexico.
展开▼