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Can ConocoPhillips Really Break Even at $45 Oil?
2016-04-01 13:41:31| Oil & Gas - Topix.net
To achieve this goal, the company has been cutting discretionary spending programs, ramping up major projects, and reducing operating costs. Still, the feasibility of such a big reduction has to be questioned, especially considering the company's profit fluctuates $100 million to $120 million for every $1 change in Brent oil prices.
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Category:Energy and Environment
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