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ConocoPhillips Posts Loss, Cuts Capex Again
2015-01-29 14:53:50| Oil & Gas - Topix.net
ConocoPhillips , the largest independent oil and gas company, on Thursday reported a quarterly loss and again slashed its 2015 capital expenditures, citing lower crude prices. ConocoPhillips, which previously announced plans to cut 2015 spending by 20 percent in December, said it now expects to spend $11.5 billion, down from a prior projection of $13.5 billion.
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