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COP ConocoPhillips

125.61
-4.61 (-3.54%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
ConocoPhillips NYSE:COP NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -4.61 -3.54% 125.61 130.12 125.43 129.81 6,296,792 00:33:14

ConocoPhillips Raises Capital-Spending Forecast

30/07/2019 12:55pm

Dow Jones News


ConocoPhillips (NYSE:COP)
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From May 2019 to May 2024

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   By Micah Maidenberg 
 

ConocoPhillips (COP) said Tuesday it now expects $6.3 billion in capital expenditures this year, up from a prior forecast of $6.1 billion.

The oil producer believes that spending will rise compared with its earlier forecast due to additional exploration work and drilling in Alaska, as well as the addition of a drilling rig in the Eagle Ford production region of Texas.

Conoco also said it expects third-quarter production of 1.29 million to 1.33 million barrels of oil equivalent a day.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

July 30, 2019 07:40 ET (11:40 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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