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ConocoPhillips' deep layoffs highlight need for capital discipline, analysts say

ConocoPhillips' deep layoffs highlight need for capital discipline, analysts say

ConocoPhillips must sharpen its focus on capital discipline and investment priorities in order to regain its competitiveness against peers as oil prices and revenues fall, investors and analysts said, after the company announced last week it would lay off up to 25% of staff to cut costs.

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