US mini-major ConocoPhillips says “stronger than expected business execution” means that it now expects its 2021 capital spending to come in at $5.3bn, some $200mn less than the previous estimate.
Though the 2021 spend is up on 2020’s $4.7bn, the 2021 figure includes Permian producer Concho Resources for which Conoco completed a $9.7bn takeover in January (MEES, 23 October 2020). (CONTINUED - 343 WORDS)
