Conoco’s $1-Billion Boost Signals Staying Power Of U.S. Oil

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ConocoPhillips has sent a clear signal to global energy markets: For all the recent talk of caution among U.S. drillers, the industry is still in growth mode. The world’s biggest independent oil explorer said on Wednesday it expects its capital spending to average about $5.5 billion a year in the next three years, according to…

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