ConocoPhillips sets FY19 CapEx budget of $6.1B
ConocoPhillips has set a 2019 capital expenditure budget of $6.1B, which is flat to expected full-year 2018 capital expenditures excluding acquisition costs. The 2019 capital budget includes funding for ongoing conventional and unconventional development drilling programs, major projects, exploration and appraisal activities, and base maintenance activities. Compared to the 2018 expected capital of $6.1B, excluding acquisition costs, the 2019 capital budget reflects the roll-off and roll-on of major projects, additional activity associated with Montney success, and the impact of increased scope and a higher working interest in Alaska. The 2019 capital budget does not reflect potential dispositions that may occur in 2019.