ConocoPhillips sets out plan for capex cuts

US giant looks to reduce annual spending to below $7 billion between 2020 and 2029 as it also looks to dilute stakes in Alaskan upstream assets

Strategy: ConocoPhillips chief executive Ryan Lance
Strategy: ConocoPhillips chief executive Ryan LancePhoto: ANDREW MANGUM
Published 20 November 2019, 18:18Updated 20 November 2019, 18:18