ConocoPhillips has quarterly loss, cuts capex again
CONOCOPHILLIPS (COP.NY) which previously announced plans to cut 2015 spending by 20 percent in December, said it now expects to spend $11.5 billion, down from a prior projection of $13.5 billion.
ConocoPhillips said its fourth-quarter loss was $39 million or 3 cents per share, compared with $2.5 billion, or $2.00 per share in the same quarter a year earlier.
(Reporting by Anna Driver in Houston; Editing by Chizu Nomiyama)