ConocoPhillips Cuts 2016 Capex but Boosts Production
ConocoPhillips Cuts 2016 Capex but Boosts Production
SUGAR LAND--October 28, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Another dip in oil prices has led to further reductions in capital spending at ConocoPhillips (NYSE:COP) (Houston, Texas), yet the oil and gas major is upping its full-year production guidance as it benefits from strong domestic activity. The company also began production at one of its trains at the closely followed Australia Pacific LNG (APLNG) Production facility in Australia. Industrial Info is tracking $75 billion in active projects involving ConocoPhillips.
Within this article: Details on ConocoPhillips' quarter and some of its highest-valued active projects, including those related to APLNG.
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