ConocoPhillips Reports Billions In Loses - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

ConocoPhillips Reports Billions In Loses

Posted: Updated:
The nation's number three oil company reported a 4th quarter loss on Wednesday of $32 billion. The nation's number three oil company reported a 4th quarter loss on Wednesday of $32 billion.

News On 6

UNDATED -- There's a sudden turnaround for ConocoPhillips.  The nation's number three oil company reported a 4th quarter loss on Wednesday of $32 billion, pegged to some asset write-downs and plunging oil prices.

The company's chairman, Jim Mulva, says ConocoPhillips is preparing for a significant, multi-year, recession by cutting spending and 1,300 jobs.

Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2018 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.