ConocoPhillips cuts production, buybacks, spending again

MOSCOW (MRC) -- ConocoPhillips said it would cut gross production by 225,000 barrels of oil per day while also suspending its share repurchase program and cutting back further on capital spending to weather the collapse in oil prices, said Hydrocarbonprocessing.Oil and gas producers have sunk deep into crisis mode over the past month as the slump in demand caused by coronavirus lockdowns

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