ConocoPhillips Reports Billions In Loses

There's a sudden turnaround for ConocoPhillips.

Wednesday, January 28th 2009, 9:57 pm

By: News On 6


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.

logo

Get The Daily Update!

Be among the first to get breaking news, weather, and general news updates from News on 6 delivered right to your inbox!

More Like This

January 28th, 2009

March 14th, 2024

December 4th, 2023

September 25th, 2023

Top Headlines

March 29th, 2024

March 29th, 2024

March 29th, 2024

March 29th, 2024