ConocoPhillips sinks to $2.7bn full-year loss as impairments bite

US independent giant also reports fourth-quarter loss as industry reels from effects of Covid pandemic

Testing times: ConocoPhillips chief executive Ryan Lance — Testing times: ConocoPhillips chief executive Ryan LancePhoto: REUTERS/SCANPIX

Ole Ketil Helgesen

Stavanger

ConocoPhillips Canada US Ryan Lance

Published 2 February 2021, 14:46Updated 2 February 2021, 14:46