ConocoPhillips CEO anticipates year-end rebound for production

05/14/2013 | Rigzone

ConocoPhillips' production will begin to increase by year's end as proceeds from sales of company assets fund development projects and raise its dividend, Chairman and CEO Ryan Lance said. "The growth is coming," he said. There is also a "clear line of sight" that Conoco's daily output reaches 1.9 million barrels of oil equivalent by 2017 from 1.5 million barrels of oil equivalent in 2013, Lance added.

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