One of the US biggest oil and gas companies had the most significant annual loss during the past seven years.
According to ConocoPhillips’s report, in quarter 4, 2015 the company has a net loss of $3.5 billion or $2.78 per share. In 2015 the company’s net loss was $4.4 billion or $3.58 per share against $6.8 billion in 2014.
This is the worst financial result for the US Corporation since 2008, when during the financial crisis and slump of oil prices ConocoPhillips had a net loss of $16.9 billion.
