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Apache's adjusted loss misses as oil production drops

(Reuters) - Apache Corp reported an adjusted loss that missed Wall Street estimates by a wide margin, as the U.S. oil and gas producer's production dropped.

The company said total oil and gas production fell to 460,000 barrels of oil equivalent per day (boe/d) in the second quarter ended June 30, from about 535,000 boe/d, a year earlier. (

Revenue from oil production fell 6.1 percent to $1.05 billion.

Apache has been streamlining its operations to...