Post Tagged with: "reduce capex and spending"

ConocoPhillips to reduce capex, output and share repurchase program

ConocoPhillips to reduce capex, output and share repurchase program

Reuters


ConocoPhillips, the largest U.S. independent oil producer, on Wednesday pared its proposed spending, production and share buybacks for the year, seeking to prevent an oil-price rout from turning into pool of red ink.

Conoco cut its 2020 budget by …