ConocoPhillips set 2014 capex at $16.7B • 12:45 PM
- ConocoPhillips (COP -0.3%) says it expects to spend $16.7B next year, with ~55% allocated toward North America and 45% toward Europe, Asia Pacific and other international businesses.
- COP says it is on track to achieve its previously stated 2014 production target of ~1.6M boe/day, citing key sources of growth including ramp-up of major project startups at Christina Lake Phase E, Ekofisk South, Jasmine, Siakap North-Petai and Gumusut.
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