ConocoPhillips CEO: if oil price remains as it is today, US shale production will 'flatten out'-February 2024-www.financetom.com

ConocoPhillips CEO: if oil price remains as it is today, US shale production will 'flatten out'

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ConocoPhillips CEO: if oil price remains as it is today, US shale production will 'flatten out'

May 26, 2025 10:40 AM

DOHA, May 20 (Reuters) - ConocoPhillips ( COP ) CEO Ryan

Lance said on Tuesday that if the price of oil remains at its

current level, U.S. shale production would "flatten out", adding

that output would start declining if the oil price falls into

the $50s.

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