ConocoPhillips to take 10% capex cut amid 'uncertainty'

US operator to decrease shale activity and defer drilling in Alaska, production to drop by around 20,000 boepd

Budget cuts: says ConocoPhillips chief executive Ryan Lance — Budget cuts: says ConocoPhillips chief executive Ryan LancePhoto: ANDREW MANGUM

Anamaria Deduleasa
Kathrine Schmidt

London/Houston

ConocoPhillips Financial Company news Exploration and production Americas

Published 18 March 2020, 13:26Updated 18 March 2020, 14:59