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ConocoPhillips (COP.N)

COP.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

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

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