ConocoPhillips OKs $6.9 billion 2005 capex budgetCapital and exploration spending in Canada will be up $300 million; Alaska North Slope increase is $100 million Kay Cashman Petroleum News Publisher & Managing Editor
ConocoPhillips board of directors said Dec. 10 that it has approved 2005 cash capital expenditures of approximately $6.9 billion. This total excludes approximately $300 million in capitalized interest and $200 million in minority interest.
“Two-thirds of our 2005 capital program is focused on payou....
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