Conocophillips Says 2013 Capital Budget is $15.8B

ConocoPhillips COP today announced a 2013 capital budget of $15.8 billion (including contributions to the FCCL joint venture), which is approximately flat to expected 2012 capital program spending. Investments during 2013 will target the company's diverse portfolio of global opportunities, with approximately 60 percent of the budget allocated toward North America and 40 percent toward Europe, Asia Pacific and other international businesses.