ConocoPhillips expects 2016 capex to drop 25%
The largest U.S. independent oil company is trimming capital spending plans in response to an extended downturn in prices for crude.
Company
ConocoPhillips
NYSE:COP
ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 13 countries, $94 billion of total assets, and approximately 9,800 employees at Sept. 30, 2023.
71 stories · page 4 of 4
ConocoPhillips expects 2016 capex to drop 25%
The largest U.S. independent oil company is trimming capital spending plans in response to an extended downturn in prices for crude.
ConocoPhilips posts biggest loss in more than six years
It's turning out to be a bad day for the oil giants, with ConocoPhilips' big loss following on the heels of Shell's shocker
Big oil faces long road to recovery, but investors should stay on board
Restoring profits will take time but firms are making progress, analysts say
Wall Street trades mildly higher amid earnings, GDP data
Wall Street traded mildly higher today as investors digested more earnings and second-quarter GDP, a day after the Federal Reserve left interest rates unchanged. The S&P 500 (INDEXSP:.INX) was little changed at 2,109.03 at 3:45 p.m. in
Wall Street to open lower after GDP data; Facebook, P&G decline
U.S. stock-index futures retreated as economic growth reinforced a case for higher interest rates, and earnings from Facebook and Procter & Gamble disappointed. Futures for the Dow Jones Industrial Average slipped 8 points, or 0.1 perce