ConocoPhillips CEO: if oil price remains as it is today, US shale production will 'flatten out'
ReutersMay 20, 2025 8:23 AM
DOHA, May 20 (Reuters) - ConocoPhillips COP.N CEO Ryan Lance said on Tuesday that if the price of oil remains at its current level, U.S. shale production would "flatten out", adding that output would start declining if the oil price falls into the $50s.
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