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ConocoPhillips cuts dividend by 66% and slashes capital spending

ConocoPhillips cuts dividend by 66% and slashes capital spending

The company reported a net loss of $3.5B for Q4, including a $2.7B non-cash impairment charge. Capex was reduced from $7.7B to $6.4B, a 41% decline from 2014. ConocoPhillips has already sold $2B worth of non-core assets. Canadian production continues to ramp up at Surmont 2 and the Cheshire exploration well spud offshore of Nova Scotia.

Suncor Energy replaces Canadian Oil Sands board members

Suncor Energy replaces Canadian Oil Sands board members

MEG Energy reports record fourth production and cuts capital expenditures to $170 million

MEG Energy reports record fourth production and cuts capital expenditures to $170 million

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