With low-cost oil flowing (relatively) cheap and fast in the States, ConocoPhillips (COP) plans...

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

With low-cost oil flowing (relatively) cheap and fast in the States, ConocoPhillips (COP) plans to reduce exposure to high-cost projects like Australian LNG and Canadian oil sands, says CEO Ryan Lance at the investor meeting. The move is in line with management's promise to improve margins over the next 5 years. (webcast) (slides)