Conoco lowering costs rather than expanding 

CONOCOPHILLIPS’ capital budget and operating plan for next year says it expects spending to remain flat as it preferences an increased shareholder payout target to over 30% of cash flow from operations and funding a US$3 billion share buyback. 

Conoco lowering costs rather than expanding  Conoco lowering costs rather than expanding  Conoco lowering costs rather than expanding  Conoco lowering costs rather than expanding  Conoco lowering costs rather than expanding 

ConocoPhillips Lower 48 assets

It will focus its capital and energy on North American shale and conventional targets, with LNG only making up a small share of projected production.