(Reuters) - Venezuela's president, Hugo Chavez, pushed the company and
Exxon Mobil Corp. out of their oil operations there
after they failed to strike deals to stay in huge projects that
the country wanted to take over.
Speaking on a company conference call, ConocoPhillips Chief
Executive Jim Mulva also said its capital spending could be as
high as $15 billion in 2008, partly due to higher costs.
Read more at Reuters.com Market News
Exxon Mobil Corp. out of their oil operations there
after they failed to strike deals to stay in huge projects that
the country wanted to take over.
Speaking on a company conference call, ConocoPhillips Chief
Executive Jim Mulva also said its capital spending could be as
high as $15 billion in 2008, partly due to higher costs.
Read more at Reuters.com Market News
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