ConocoPhillips Expects To See A Step Down In Lower 48 Capital In The Second Half Of The Year; Conoco Has Put $700M In Port Arthur LNG Project So Far, Which Will Lead To Step Down In Overall Capital Spend In H2
Portfolio Pulse from Happy Mohamed
ConocoPhillips anticipates a decrease in Lower 48 capital in the second half of the year. The company has invested $700M in the Port Arthur LNG Project, which is expected to result in a reduction in overall capital expenditure in H2.
August 04, 2023 | 1:51 pm
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ConocoPhillips' investment in the Port Arthur LNG Project and expected decrease in Lower 48 capital could impact the company's financial performance in H2.
ConocoPhillips' investment in the Port Arthur LNG Project and the anticipated decrease in Lower 48 capital indicates a strategic shift in the company's capital allocation. This could potentially impact the company's financial performance in the second half of the year, although the exact impact is uncertain at this point.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100