Current COP Stock Info

Updated 2015 Guidance is 31% Below 2014 Expenditures
ConocoPhillips (ticker: COP) has revised its capital plan to $11.5 billion per year through 2017, according to a news release issued on March 17, 2015. COP had originally set its 2015 budget at $13.5 billion in a December 2014 announcement but trimmed the estimate to $11.5 billion in its Q4’14 results. The flat expenditure levels through 2017 has not previously been announced, and are designed to “Position the company for lower, more volatile prices for the foreseeable future,” said Ryan Lan...

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