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ConocoPhillips' Outlook Brightens with $5.5 Billion in Spending for 2018


Industry Segment: Production | Word Count: 653 Words
Attachment: ConocoPhillips Projects, April 2018

SUGAR LAND--April 27, 2018--Researched by Industrial Info Resources (Sugar Land, Texas)--ConocoPhillips (NYSE:COP) (Houston, Texas) saw a long period of asset sales and cost reductions pay off in the first quarter, with earnings jumping 50% from the same period last year despite an overall decline in oil production. The U.S., however, proved fertile ground for extraction, leading the oil giant to keep its $5.5 billion spending outlook for the year unchanged. Industrial Info is tracking $54 billion in active projects involving ConocoPhillips, including nearly $18 billion worth nearing or under construction.

Within this article: Details on some of the highest-valued projects from ConocoPhillips, including major developments spanning the U.S., Canada and Australia.

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