Friday, January 16, 2009
Energy: ConocoPhillips cuts jobs, spending in face of falling oil prices
Date: 17 JAN 2009 01:17:54 GMT
ConocoPhillips says it will cut 4%, or about 1,300 employees, from its
payroll and slash capital spending this year to cope with falling oil
prices and lower refining margins as a severe economic downturn saps
global energy demand.
