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ConocoPhillips Plans $16 Billion Budget For 2014

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Business Wire
December 9, 2013

ConocoPhillips (NYSE: COP) announced Dec. 6 a 2014 capital expenditures budget of $16.7 billion for continuing operations.

Investments during 2014 will target the company’s diverse portfolio of global opportunities. Some 55% of the budget is allocated toward North America and 45% toward Europe, Asia Pacific and other international businesses. Highlights of the company’s 2014 investment program include:

The company also announced it is on track to achieve its previously stated 2014 annual average production target of 1,600 thousand barrels per day (MBOE/d) from continuing operations, including 50 MBOE/d from Libya. ...

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