Conoco Says Major Projects Poised to Bear Fruit

摘要

ConocoPhillips' third-quarter results generally met expectations and management said the company remains on track to hit its production goals this year and grow its volumes next year as several major projects start to bear fruit. Chief Executive Ryan Lance said spending on major projects, including the Surmont 2 oil sands expansion in Canada and Australia Pacific LNG (APLNG), peaked this year ahead of their scheduled start-up next year.