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ConocoPhillips (COP.N)

COP.N on New York Stock Exchange

47.04USD
24 Feb 2017
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$-0.26 (-0.55%)
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Latest Key Developments (Source: Significant Developments)

Ocean RIG UDW Inc Q4 loss per share $45.08
Wednesday, 22 Feb 2017 06:00pm EST 

Ocean RIG UDW Inc : Ocean RIG UDW Inc reports financial and operating results for the fourth quarter 2016 . Q4 loss per share $45.08 . Q4 revenue $355.4 million versus i/b/e/s view $313.1 million . Q4 earnings per share view $0.38 -- Thomson Reuters I/B/E/S . Ocean RIG UDW Inc says continues to explore and consider various strategic alternatives with its financial and legal advisors . Ocean RIG UDW Inc says total backlog as of February 22, 2017 amounted to $1.5 billion . Ocean RIG UDW Inc says if consensual solution cannot be reached among all stakeholders, co will consider implementation of restructuring plan . Ocean RIG UDW Inc says fleet wide utilization for Q4 of 2016 was 95.49% . Ocean RIG UDW Inc says on February 10, 2017, company reached an agreement with ConocoPhillips to terminate contract of Ocean Rig Athena . Ocean RIG UDW Inc says as part of agreement, ConocoPhillips will pay a termination fee . Ocean RIG UDW Inc says Ocean Rig Athena is presently en-route to its final lay-up location in Greece where unit will be cold stacked . Ocean RIG UDW Inc says on february 6, 2017, company reached an agreement with Premier Oil and Noble Energy .Ocean RIG UDW Inc says agreement with Premier Oil, Noble Energy was to settle disputed invoices related to contract of Eirik Raude against payment of $25 million.  Full Article

ConocoPhillips says wholly owned unit, Burlington Resources Inc, received arbitration award of $380 million from International Arbitration Tribunal
Wednesday, 8 Feb 2017 05:04pm EST 

Conocophillips : ConocoPhillips says wholly owned unit, Burlington Resources Inc, received arbitration award of $380 million from International Arbitration Tribunal . ConocoPhillips says arbitration award relates to Ecuador's "expropriation" of Burlington's investment in "breach of U.S.-Ecuador bilateral investment treaty" .ConocoPhillips says tribunal issued separate decision that Ecuador was entitled to $42 million for certain environmental and infrastructure impacts.  Full Article

ConocoPhillips says would expect costs in 2017 to be roughly same as 2016
Thursday, 2 Feb 2017 01:09pm EST 

ConocoPhillips : Chief Executive Ryan Lance says wants dividend to be 'competitive, sustainable and affordable through the cycles' . CEO says would cull debt if oil prices rise and cash flow rises . CEO says hopes President Trump provides more regulatory relief for oil industry . Says will boost Permian rig count to 11 by mid-February .Says would expect costs in 2017 to be roughly same as 2016.  Full Article

Conocophillips Q4 adjusted net loss of $0.26 per share
Thursday, 2 Feb 2017 07:00am EST 

Conocophillips : Conocophillips reports fourth-quarter and full-year 2016 results; on track to deliver 2017 operating plan and strategic priorities . Q4 loss per share $0.03 . Says excluding special items, fourth-quarter 2016 adjusted earnings were a net loss of $0.26 per share . Q4 earnings per share view $-0.42 -- Thomson Reuters I/B/E/S . Q4 revenue view $7.30 billion -- Thomson Reuters I/B/E/S . Conocophillips - full-year 2017 production is expected to be 1,540 to 1,570 mboed . Qtrly total revenue and other income $7.25 billion versus $6.77 billion . Conocophillips - first-quarter 2017 production is expected to be 1,540 to 1,580 mboed . Conocophillips - company's 2017 guidance for capital expenditures is $5.0 billion . Conocophillips - guidance for production and operating expenses is $6.1 billion, which results in adjusted operating cost guidance of $6.0 billion for fy . Conocophillips - company's qtrly total realized price was $32.93 per barrel of oil equivalent (boe), compared with $28.54 per boe in Q4 of 2015 . Says production excluding libya for q4 of 2016 was 1,587 thousand barrels of oil equivalent per day, decrease of 12 mboed .Says "company expects to rebook reserves with improving prices".  Full Article

Conocophillips says increases quarterly dividend by 6 pct to $0.265per share
Tuesday, 31 Jan 2017 03:00pm EST 

Conocophillips : Conocophillips announces 6 percent increase in quarterly dividend .Increases quarterly dividend by 6 percent to $0.265per share.  Full Article

Conocophillips Q3 loss per share $0.84
Thursday, 27 Oct 2016 07:00am EDT 

Conocophillips : Conocophillips reports third-quarter 2016 results; strong operational momentum and improved 2016 outlook . Q3 loss per share $0.84 . Q3 earnings per share view $-0.70 -- Thomson Reuters I/B/E/S . Q3 loss per share $0.66 excluding items . Company increased midpoint of full-year 2016 production guidance to 1,565 mboed, reflecting a range of 1,560 to 1,570 mboed . Conocophillips - Production for Q3 of 2016 was 1,557 thousand barrels of oil equivalent per day (mboed), increase of 3 mboed . Conocophillips -Special items for current quarter included a tax functional currency change at aplng, restructuring costs across portfolio . 2016 guidance for capital expenditures has been lowered to $5.2 billion versus prior guidance of $5.5 billion. . Conocophillips qtrly company's total realized price was $29.78 per barrel of oil equivalent (boe), compared with $32.87 per boe in Q3 of 2015 . Conocophillips -Special items for current quarter included termination of a rig contract for a Gulf of Mexico deepwater drillship and a deferred tax benefit .Conocophillips - Q3 total revenue and other income $6,516 million million versus $7,507 million.  Full Article

Conocophillips sets quarterly dividend of $0.25 per share
Thursday, 6 Oct 2016 04:35pm EDT 

Conocophillips :Sets quarterly dividend of $0.25 per share.  Full Article

AGDC and ConocoPhillips execute MOU
Thursday, 22 Sep 2016 01:56pm EDT 

Alaska Gasline Development Corporation: AGDC And Conocophillips Execute MOU - position for next steps . Active sales and negotiation activities with global buyers could begin once JV has been formed . State of Alaska and Conocophillips Alaska Inc have executed a memorandum of understanding .MOU for negotiations to form JV co that could facilitate marketing LNG from Alaska LNG project to global LNG markets.  Full Article

ConocoPhillips Q2 2016 earnings conference call
Thursday, 28 Jul 2016 01:05pm EDT 

ConocoPhillips : Chief Executive Ryan Lance says flat production is not a goal, but wants to at least maintain existing output . Says dividend increases, debt reduction, share repurchases among top plans for use of cash .Says doesn't believe dividend represents enough shareholder remuneration.  Full Article

ConocoPhillips reports Q2 loss per share $0.86
Thursday, 28 Jul 2016 07:22am EDT 

ConocoPhillips: Increasing its full-year 2016 production guidance to 1,540 to 1,570 mboed, reflecting strong year-to-date performance . Third-Quarter 2016 production guidance is 1,510 to 1,550 mboed, which reflects significant planned turnaround activity during quarter. . " price environment remains challenging, but our business is running well" . Quarter 2016 results; continued strong operational performance . Q2 loss per share $0.86 . Q2 earnings per share view $-0.61 -- Thomson Reuters I/B/E/S . On track for first cargo from aplng train 2 in australia and first production from alder in europe in q4 of 2016. . Lowering 2016 capital expenditures guidance from $5.7 billion to $5.5 billion. . Exceeded second-quarter guidance with production of 1,546 mboed; increasing full-year guidance. . Production for q2 of 2016 was 1,546 thousand barrels of oil equivalent per day (mboed), a decrease of 49 mboed .Second-Quarter 2016 adjusted loss per share $0.79.  Full Article

More From Around the Web

ConocoPhillips revises down over one billion barrels of oil sands reserves

CALGARY, Alberta ConocoPhillips has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada's vast hydrocarbon potential may be left untapped.