ConocoPhillips pegs 2013 capital budget at $15.8 billion

12/9/2012 |

ConocoPhillips will allocate $15.8 billion for its 2013 capital spending program, $14 billion of which will go to exploration and production activities. "Our 2013 capital budget provides funding for the key growth projects and programs in our portfolio and provides flexibility to capture new opportunities that may arise," said Ryan Lance, Conoco's chairman and CEO.

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