ConocoPhillips (COP.N), the largest U.S. independent oil company, reported a quarterly loss, compared with a year-earlier profit, as the slump in crude prices sapped profitability.
The Houston-based company also said it would further cut its 2015 capital budget, to $10.2 billion from $11.0 billion.
Also read: Caterpillar Says Sales Woes Could Linger
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