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ConocoPhillips Boosts Output in 2023

OIL

US oil and gas producer ConocoPhillips plans to boost production this year by around 6% with the midpoint of around 1.93m b/d.

  • Its output in 2023 rose to average 1.82m b/d, Reuters reported.
  • Q4’s production rose 8.2% to 1.9m boe/d, boosted by a 79k boe/d rise in Permian output.
  • The rise in production offset the fall in average realised price, which fell 18% to $58.21/boe in Q4.

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