Oil Majors To Keep Investing To Avoid Past Mistakes

摘要

London (Reuters) - Many oil companies are slashing investment in the face of a $100 per bbl collapse in crude prices but, keen to avoid past mistakes and emerge as winners from the downturn, the very biggest are holding spending steady.ConocoPhillips, the United States' third-largest oil company by market value said earlier this month it planned to slash its 2009 capital expenditure budget by 38%.