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ConocoPhillips (COP.N)

COP.N on New York Stock Exchange

50.77USD
9 Dec 2016
Change (% chg)

$0.99 (+1.99%)
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Latest Key Developments (Source: Significant Developments)

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

Conocophillips says expect about 6 percent of global workforce to be impacted by cost-reduction measures
Thursday, 21 Jul 2016 08:38pm EDT 

Conocophillips : Expect about 6 percent of global workforce to be impacted by cost-reduction measures,with largest impact occurring in North America Further company coverage: [COP.N] (Bengaluru Newsroom) ((+1 646 223 8780;)).  Full Article

ConocoPhillips says planning to shed another 1,000 jobs, about 6 pct of global workforce - Fuelfix
Thursday, 21 Jul 2016 06:38pm EDT 

:ConocoPhillips says it's planning to shed another 1,000 jobs, about 6 percent of its global workforce - Fuelfix.  Full Article

Conocophillips to sell its 35 percent interest in three exploration blocks offshore Senegal
Wednesday, 13 Jul 2016 06:20pm EDT 

Conocophillips : Announces intended sale of exploration blocks offshore senegal . Agreement is for $350 million plus net customary adjustments of approximately $80 million . Transaction is subject to approval of government of senegal and co-venturer preemption rights . Three offshore exploration blocks, Rufisque offshore, Sangomar offshore and Sangomar deep offshore, had net carrying value of about $250 million as of May 31 . To sell its 35 percent interest in three exploration blocks offshore senegal, which include sne and fan discoveries .Agreement is through subsidiaries of Conocophillips and Australia's Woodside Petroleum Ltd.  Full Article

Woodside Petroleum agrees to acquire Conocophillips' Senegal interests
Wednesday, 13 Jul 2016 05:51pm EDT 

Woodside Petroleum Ltd : Woodside agrees to acquire Conocophillips' Senegal interests . To acquire all of Conocophillips' interests in senegal for the purchase price of US$350 million . Entered into a binding purchase and sale agreement with ConocoPhillips to acquire all of Conocophillips' interests in Senegal . The acquisition includes the option for Woodside to operate the future development of any resource .  Full Article

ConocoPhillips sets quarterly dividend of $0.25/shr
Wednesday, 13 Jul 2016 11:10am EDT 

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

UPDATE 1-Norway approves hike in Troll's 2016 oil output

OSLO, Nov 25 Norway's oil and energy ministry has approved a hike in the 2016 oil output quota of the North Sea Troll field to 46.5 million barrels from 41.7 million, giving it the highest output level since 2009, documents obtained by Reuters showed on Friday.