Apache Corp. APA -2.10 % said its fourth-quarter loss widened sharply as the oil-and-gas producer was hit by a big write-down and lower revenue tied to slumping commodities prices. The Houston company’s shares, down 45% in the past year, declined 3.5% to $37.25 in recent trading. Apache’s adjusted per-share loss, which excludes one-time items, wasn’t as wide as analysts had feared, but revenue missed expectations. Apache also reined in capital spending plans for 2016 to $1.4 billion to $1.8 billion and expects to reduce production by 7% to 11%, excluding Egypt. Last year, Apache’s capital spending totaled $4.7 billion, a reduction of more than 60% from 2014. Chief Executive John Christmann IV said in prepared remarks that Apache plans to adjust its capital spending plans this year “to align with actual commodity prices and resulting cash flow.” Like many other U.S. energy companies hurt by falling commodities prices, Apache […]