fiscal 2015 earnings (down 28% to 37% on the previous corresponding period), we note that oil and gas companies such as ConocoPhillips and Santos have aggressively cut capital spending budgets in 2015 and a growing number of U.S.-based oil companies
barrel. We also note that both global and domestic oil and gas companies are slashing capital expenditure in 2015 and 2016. ConocoPhillips , the world's largest independent oil company, has cut capital spending by 20% to USD 13.5 billion in 2015, while
* Comments come after ConocoPhillips announces budget cut
ConocoPhillips cut its 2015 capital budget to ..... protect it. With a 4.5% yield, ConocoPhillips stands apart from many of its exploration ..... Even with the cut, we forecast ConocoPhillips ’ operating cash flow will still
* To cut investment on less developed shales in N. America
Dec 8 (Reuters) - ConocoPhillips set a capital budget of $13.5 billion for 2015, a 20 percent drop from its 2014 spending plans, amid a steep decline in global crude prices.
The prime contender is to send gas to Darwin LNG for back-fill and/or expansion purposes. Santos has an 11% stake in the Conoco -Philips run Darwin plant whose single LNG train produces just over 3 Mtpa, though regulatory approval exists to grow output
HOUSTON, Nov 26 (Reuters) - Venezuela's state-run oil company PDVSA is using the sale of its Citgo Petroleum Corp refining assets to hinder the ability of ConocoPhillips to collect an expected...
eliminated its stake in Deere (netting an estimated $340 million), and unloaded close to two thirds of its holdings in ConocoPhillips (for $70 million), 920,000 shares of National Oilwell Varco ($70 million), 1.3 million shares of Bank of New
eliminated its stake in Deere DE (netting an estimated $340 million), and unloaded close to two thirds of its holdings in ConocoPhillips COP (for $70 million), 920,000 shares of National Oilwell Varco NOV ($70 million), 1.3 million shares of Bank