ConocoPhillips (COP +0.6%) announces a 2013 capital budget of $15.8B, roughly flat vs. expected...

|About: ConocoPhillips (COP)|By:, SA News Editor

ConocoPhillips (COP +0.6%) announces a 2013 capital budget of $15.8B, roughly flat vs. expected 2012 capex; 60% is allocated toward North America and 40% toward Europe, Asia Pacific and other international businesses. Expects to complete its strategic asset disposition program, which COP says will put it on track to deliver long-term annual growth goals of 3%-5% on volumes and margins.