Fitch revises ConocoPhillips outlook to positive

Fitch Ratings has revised its rating outlook for ConocoPhillips to positive, from stable, due to its debt reduction efforts. A positive outlook indicates Fitch is likely to raise the company's ratings over the next one-to-two years.

Fitch has an "A-minus" rating for ConocoPhillips' senior unsecured notes, the fourth lowest investment-grade rating.