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Conoco sets $50-a-barrel oil price ceiling for new projects - Financial Times

Financial Times

Conoco sets $50-a-barrel oil price ceiling for new projects
Financial Times
ConocoPhillips, the largest US exploration and production company, has ruled out investing in projects that need an oil price of $50 or higher to make a profit, as it attempts to raise shareholder returns after years of poor profitability. It is also ...

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