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CEO: "For WPX, our immediate game plan is pretty simple. We're protecting our people, our liquidity and our balance sheet. All three are quite strong."
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WPX plans to cut capital spending by roughly $700 million in 2020 to delay the delivery of new barrels for a better price environment.
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Approximately 90% of our oil revenues for the remainder of the year are protected with financial hedges at around $57 per barrel.
DETAILS
While public interest in ESG is higher than ever, taking prudent precautions to manage risk is nothing new to WPX. Measures are integrated throughout our operations.
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WPX provides a message hotline & online portal for royalty owners. To leave a question for us, call (866) 326-3190 & provide as many details as possible after the prompt.
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