Phillips has been in the "shrink" stage of its "shrink-to-grow" restructuring strategy for more than two years. But CEO-in-waiting Ryan Lance outlined Monday his vision for absolute growth and margin expansion as the company emerges as an independent E&P next month (IOD Mar.7'12). Lance envisions 3%-5% annual production growth and a 3%-5% annual improvement in the company's cash margins over the 2012-16 period.
展开▼
