Latest news with #spendingcut
Bloomberg
21-05-2025
- Business
- Bloomberg
SSE Cuts Spending Plan by £3 Billion Amid Slowing Growth
SSE Plc cut its five-year spending plan by £3 billion ($4 billion) as projects slow amid planning delays. The program now totals about £17.5 billion, the UK utility said Wednesday. The company booked a £249.5 million impairment on its investment in renewables projects in southern Europe, reflecting a build-out that's slower than planned because of sector-wide delays to permitting and grid connections.
Bloomberg
08-05-2025
- Business
- Bloomberg
ConocoPhillips Slashes Spending Forecast Amid Lower Oil Prices
ConocoPhillips became the latest US oil explorer to cut spending after a drop in crude prices below $60 a barrel this year. The Houston-based oil giant cut its spending outlook by 3.5% to $12.45 billion, when taken at the midpoint of its guidance range, while leaving its production view unchanged, it said Thursday in a statement announcing first-quarter results.
