Finance

ConocoPhillips chops output and cuts another $3 billion off budget

US independent says it plans to defer production where there is ‘a compelling economic reason to do so’

Cutting costs: ConocoPhillips chief executive Ryan Lance
Cutting costs: ConocoPhillips chief executive Ryan LancePhoto: ANDREW MANGUM
London
CanadaConocoPhillipsAlaskaUSRyan Lance
Published 16 April 2020, 15:07Updated 16 April 2020, 15:23