ConocoPhillips cuts FY25 capex view to $12.3B-$12.6B from $12.9B

The company states: “Q2 production is expected to be 2.34 to 2.38 million barrels of oil equivalent per day, or MMBOED. Full-year capital expenditures guidance is lowered to $12.3 to $12.6 billion versus prior guidance of approximately $12.9 billion. Full-year adjusted operating cost guidance is lowered to $10.7 to $10.9 billion versus prior guidance of $10.9 to $11.1 billion.”