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Conoco’s FY19 spending will stay flat at $6.1B

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ConocoPhillips said its capital expenditure budget for 2019 will be $6.1 billion, unchanged from what it estimated it would spend this year. The $3.1 billion that the company intends to spend in the Lower 48 states in the US will be flat with 2018 spending, but it plans to cut back spending in Europe and North Africa next year by 23% to $700 million and in its Asia Pacific and Middle East sector by......
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