ConocoPhillips to Invest $5.5 Billion Per Year through 2020 as it Stresses Profits Over Production, an Industrial Info News Alert

SUGAR LAND, Texas, Nov. 9, 2017 /PRNewswire/ -- Researched by Industrial Info Resources (Sugar Land, Texas)--ConocoPhillips (Houston, Texas) is eager to take advantage of the recent recovery in oil prices, but is cautiously emphasizing profitability and efficiency over aggressive growth. Its top spots for development are the Eagle Ford and Permian shales of Texas, which are expected to fuel 5% growth each year at the company for the rest of the decade. Industrial Info is tracking almost $54 billion in active projects involving ConocoPhillips, including $18.3 billion worth nearing or under construction.

Within this article: Details on ConocoPhillips' plans for the coming years and some of its highest-valued projects, both onshore and offshore in Texas and Australia.

Other companies featured: BP plc

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle(TM), provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.

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SOURCE Industrial Info Resources, Inc.