29 March 2024
ConocoPhillips pumps capex brakes as accelerating oil crash bludgeons oil stocks
Publication date: 18 March 2020
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ConocoPhillips joined the growing ranks of US oil and gas companies to cut 2020 capital budgets by taking emergency cash-saving measures to shore up its balance sheet in the face of the “unprecedented” challenge of “simultaneous [oil] supply and demand shocks”, CEO Ryan Lance said today. Chief among the measures is ...