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The Oil Giants Are Starting To Slash Costs

2014-12-08 20:49:02| Oil & Gas - Topix.net

On Monday, ConocoPhillips announced its capital expenditures plan for 2015, and the company expects to spend 20% less next year than it will this year. The reduction in capital relative to 2014 primarily reflects lower spending on major projects, several of which are nearing completion, as well as the deferral of spending on North American unconventional plays."

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