CFO cuts 2015 oil production outlook to 2.3 MBOE from 2.6 MBOE; to sell additional $10B in assets from 2015-2017(targeted asset sales of $15-20B for 2012-14)
- Guides 2014 Capex $26B v $28B y/y- Guides 2017 Capex $25B (note Sept of 2013, the company guided 2015-17 CAPEX at $24-25B)
- Cuts 2017 oil production outlook to 2.8 MBOE from 3.0 MBOE
- To cut op costs by $2B/yr by 2017