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ConocoPhillips' M&A hopes have gone down with oil prices. After reporting a fourth-quarter net loss of $31.8 billion (mainly reflecting goodwill impairment on some assets) the American oil major is playing it safe. "There is nothing in the $12.5 billion [2009 capital spending] program for acquisitions. We will live within...
Posted on January 29, 2009 3:17 PM
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