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ConocoPhillips Chairman Forecasts Oil Price Floor of $70 per Barrel

Quartz +2 ·

  1. 1ConocoPhillips Chairman Ryan Lance mentioned a $70 per barrel floor for oil prices.
  2. 2ConocoPhillips recorded a second-quarter net income of $3.9 billion.
  3. 3He stated that if current price levels are maintained, they could reach the domestic daily production cap range of 14 million to 14.5 million barrels.

So what's the key point?

ConocoPhillips Chairman Ryan Lance mentioned a $70 per barrel floor for oil prices.

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