ConocoPhillips swings to $1 billion loss as low prices and output curbs bite

Lower oil prices and production curbs due to Covid-19 hit Q2 bottom line for US giant

Loss: ConocoPhillips chief executive Ryan Lance — Loss: ConocoPhillips chief executive Ryan LancePhoto: ANDREW MANGUM/UPSTREAM

Steve Marshall

Oslo

ConocoPhillips USA Alaska Canada Ryan Lance

Published 30 July 2020, 12:06Updated 30 July 2020, 13:54