More North American Oil & Gas Producers Announce Reduced Capex for 2016

SUGAR LAND--December 15, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--For much of the Oil & Gas Production Industry, 2016 could well be known as the Year of the Cutbacks, as companies dial back on capital expenditures amid tough markets, refocus their spending and see the completion or push-back of major projects. In recent days, ConocoPhillips Company (NYSE:COP) (Houston, Texas), Chevron Corporation (NYSE:CVX) (San Ramon, California) and Encana (NYSE:ECA) (Calgary, Alberta) have each announced their capital expenditure plans for the upcoming year will be far less than this year. Within this article: Capital expenditure plans for 2016 by ConocoPhillips Company (NYSE:COP), Chevron Corporation (NYSE:CVX) and Encana (NYSE:ECA). Additional companies: Exxon Mobil Corporation (NYSE:XOM), TransCanada Corporation (NYSE:TRP), BP Plc (NYSE:BP)