ConocoPhillips sets sights on reducing debt in 2009

摘要

New York-ConocoPhillips will focus on lowering its debt load and plans only a "modest" share repurchase this year if it does one, Chairman and CEO Jim Mulva said May 27 at a conference that was also webcast live."We think it's very important to live within our means," Mulva said at a conference sponsored by New York-based investment bank Sanford Bernstein. The company, with total debt listed at $29.4 billion at the end of first quarter, wants to bring its debt ratio down to 20-25%, Mulva said, from the cur-