ConocoPhillips to spend $5.5B per year in next three years

Oil and gas major ConocoPhillips plans to spend about $5.5 billion a year on capital projects in the next three years as long as oil prices stay above $50 per barrel. 

ConocoPhillips will hold an analyst and investor meeting on Wednesday to outline its 2018-2020 operating plan and strategy for long-term value creation.

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