Conoco Philips is sticking to ’09 budget with $60 crude
The chief executive officer of ConocoPhillips announced recent gains in crude oil prices will help generate industry cash flow, but for now the U.S. oil major plans to stick to its $12.5 billion budget for 2009. Jim Mulva, Conoco’s CEO, stated: I think the fact that oil prices might be between $50 and $60 dollars [...]
