Conoco to focus spending on North American shale plays, CEO says

01/31/2013 |

North American unconventional formations are the primary area of investment for ConocoPhillips over the next few years, said Chairman and CEO Ryan Lance. "We pivoted as fast as anybody, I think, in recognizing the potential of these unconventionals," Lance said. He also cited Canadian oil sands and the North Sea as other areas of investment.

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