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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 sets quarterly dividend of $0.265 per share
Friday, 5 May 2017 12:00pm EDT 

May 5 (Reuters) - Conocophillips :Conocophillips sets quarterly dividend of $0.265per share.Conocophillips announces quarterly dividend.  Full Article

ConocoPhillips says revised Q1 earnings to $0.6 bln, or $0.47 per share
Thursday, 4 May 2017 04:30pm EDT 

May 4 (Reuters) - ConocoPhillips :ConocoPhillips provides update to first-quarter 2017 results based on subsequent partner disclosures and information.Q1 loss per share $0.14 excluding items.Q1 earnings per share $0.47.Q1 earnings per share view $0.01 -- Thomson Reuters I/B/E/S.ConocoPhillips - revised first-quarter 2017 earnings were $0.6 billion, or $0.47 per share.ConocoPhillips - revising full-year guidance for dry hole expense to $400 million, which results in adjusted dry hole and leasehold impairment expense of $450 million.ConocoPhillips - special items for current quarter were primarily driven by a financial tax accounting benefit.ConocoPhillips - excluding special items, first-quarter 2017 adjusted earnings were a loss of $0.2 billion, or $0.14 per share.  Full Article

ConocoPhillips Q1 loss per share $0.02 excluding items
Tuesday, 2 May 2017 07:00am EDT 

May 2 (Reuters) - Conocophillips :Conocophillips reports first-quarter 2017 results; on track to deliver 2017 operating plan and accelerate value proposition.Q1 earnings per share $0.62.Conocophillips- second-quarter 2017 production is expected to be 1,495 to 1,535 mboed.Q1 loss per share $0.02 excluding items.Q1 earnings per share view $0.01 -- Thomson Reuters I/B/E/S.Production excluding libya for q1 2017 was 1,584 mboed, up 6 mboed versus same period a year ago.Says company's full-year guidance items, excluding impacts from canada and san juan basin dispositions, are unchanged.Q1 2017 total realized price was $36.18 per barrel of oil equivalent (boe), versus $22.94 per boe in q1 of 2016.Excluding net impact from dispositions of 36 mboed and reduced downtime of 18 mboed, q1 production increased 24 mboed, or 2%.Q1 total revenue and other income $7.77 billion versus $5.02 billion.Q1 revenue view $7.42 billion -- Thomson Reuters I/B/E/S.  Full Article

No vote on Conocophillips deal because confidentiality -Cenovus
Wednesday, 26 Apr 2017 04:57pm EDT 

April 26 (Reuters) - Cenovus Energy Inc :Says has ability to cut deep basin spending to focus on oil sands.Chief Executive Brian Ferguson says new deep basin gas assets could be 'crown jewel' and 'absolutely core'.Chair Michael Grandin, asked why no shareholder vote on ConocoPhillips deal, says 'once in a lifetime' deal needed confidentiality.  Full Article

Cenovus says 'not worried' about recent complaint to regulator
Wednesday, 26 Apr 2017 11:57am EDT 

April 26 (Reuters) - Cenovus Energy Inc :Says in Q3 will have more information on Suffield and Pelican Lake asset sales.Says will have more information on other asset sales on investor day in June.Says does not expect ConocoPhillips to be long-term shareholder of it after recent deal, but mechanisms exist for "orderly" share sales.Says "absolutely not worried" about complaint to regulator about ConocoPhillips deal.  Full Article

Cenovus qtrly earnings per share $0.25
Wednesday, 26 Apr 2017 06:00am EDT 

April 26 (Reuters) - Cenovus Energy Inc ::Cenovus delivers strong first quarter operational performance.Qtrly operating loss per share $0.05.Says foster creek production averaged 80,866 bbls/d net in q1 of 2017, 33% more than in same period of 2016.Qtrly earnings per share $0.25.Says Christina Lake in Q1, production averaged 100,635 bbls/d net, a 31% increase from same period in 2016.Qtrly adjusted funds flow per share 0.39.Cenovus Energy Inc - on track with plan to integrate deep basin assets and staff upon closing.Cenovus energy-since announcing agreement to purchase Conocophillips assets, Cenovus has made significant progress in executing its acquisition plan.Cenovus- To reduce debt related to Conocophillips deal, co has been marketing pelican lake, suffield conventional assets with data rooms open to buyers.Cenovus Energy Inc - continued to achieve additional operating cost and sustaining capital reductions in q1 of 2017.Cenovus- Plans to sell a significant portion of its legacy conventional properties to help finance company's acquisition of deep basin and fccl assets.  Full Article

Cenovus Energy Inc q1 earnings per share $0.25
Wednesday, 26 Apr 2017 06:00am EDT 

April 26 (Reuters) - Cenovus Energy Inc :Qtrly adjusted funds flow per share $0.39.Cenovus delivers strong first quarter operational performance.Qtrly operating loss per share $0.05.Says foster creek production averaged 80,866 bbls/d net in q1 of 2017, 33% more than in same period of 2016.Qtrly earnings per share $0.25.Says christina lake in q1, production averaged 100,635 bbls/d net, a 31% increase from same period in 2016.Cenovus energy inc - on track with plan to integrate deep basin assets and staff upon closing.Cenovus energy-since announcing agreement to purchase conocophillips assets, cenovus has made significant progress in executing its acquisition plan.Cenovus-To reduce debt related to conocophillips deal, co has been marketing pelican lake, suffield conventional assets with data rooms open to buyers.Cenovus energy inc - continued to achieve additional operating cost and sustaining capital reductions in q1 of 2017.Cenovus-Plans to sell a significant portion of its legacy conventional properties to help finance company's acquisition of deep basin and fccl assets.Cenovus energy inc - q1 total oil production 234,914 bbls/d versus 197,551 bbls/d.  Full Article

Hilcorp affiliate to acquire San Juan Basin assets from ConocoPhillips
Thursday, 13 Apr 2017 07:35am EDT 

Hilcorp San Juan L.P.: Hilcorp affiliate to acquire San Juan Basin assets from ConocoPhillips .Hilcorp - Hilcorp San Juan, L.P. Has entered into a definitive agreement to purchase interests in San Juan basin from ConocoPhillips.  Full Article

Conocophillips announces agreement to sell San Juan basin assets
Thursday, 13 Apr 2017 07:30am EDT 

Conocophillips : Conocophillips announces agreement to sell San Juan basin assets . Conocophillips - to sell its interests in San Juan basin to an affiliate of Hilcorp Energy company for up to $3.0 billion of total proceeds . Says deal comprises of $2.7 billion in cash and a contingent payment of up to $300 million . Conocophillips - contingent payment is effective beginning Jan. 1, 2018 and has a term of six years . Conocophillips- expects to record a non-cash impairment on assets in Q2 of 2017 . Conocophillips - company expects to record a non-cash impairment on assets in Q2 of 2017 . Conocophillips - including recently announced Canadian asset sales, the transactions will materially reduce co's exposure to North American gas .Conocophillips - post Canadian and San Juan basin transactions, sees 2017 nar production on pro forma basis of 1,145 – 1,175 mboed.  Full Article

Seadrill: North Atlantic drilling wins ConocoPhillips contract
Tuesday, 11 Apr 2017 01:45am EDT 

Seadrill Ltd : north atlantic drilling announces contract awards for the West Wlara and the West Linus . Total additional backlog for new contract awards is estimated at $1.4 billion excluding performance bonuses. . As part of agreement, company has agreed to a dayrate adjustment on existing west linus contract effective from april 2017, resulting in a $58 million reduction in current backlog. . New west elara contract which is expected to commence in october 2017 includes a period of fixed dayrates until march 2020 and contributes approximately $160 million of contract backlog. A . Contract on west linus has been extended from may 2019 until end of 2028 at a market indexed dayrate, which company believes will contribute an estimated $706 million of contract backlog. .Work is for ConocoPhillips at the Ekofisk field off Norway..  Full Article

Indonesia's drive to reduce oil imports a boon for producers: GSS Energy

SINGAPORE The appeal of Indonesia's oil and gas sector is improving for some independent producers as the resource-rich nation scrambles to reduce its dependence on imports and fill a gap left by the exit of some producers, the head of GSS Energy told Reuters.