ConocoPhillips Details 2010 Capital Spending Program

摘要

US major ConocoPhillips provided details of its reduced $11.2 billion capital spending program for 2010 on Wednesday - a level of spending that Conoco expects to maintain over the next several years. Conoco initially alluded to the reduced capital budget during its third-quarter earnings conference call held at the end of October (IOD Oct.29,p2). The $11.2 billion capital spending figure marks a 10% drop from 2009 spending levels of $12.5 billion.