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ConocoPhillips (COP.N)

COP.N on New York Stock Exchange

50.77USD
9 Dec 2016
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$0.99 (+1.99%)
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Latest Key Developments (Source: Significant Developments)

ConocoPhillips - U.S. judge approves settlement in Canadian oil-by-rail disaster - Reuters
Thursday, 8 Oct 2015 08:00pm EDT 

ConocoPhillips:A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada's Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent railway at the heart of the disaster - Reuters.The approval came after Canadian Pacific Railway Ltd withdrew its objections to the plan, said trustee Bob Keach - Reuters.He is aiming to have the settlement funds, some C$445 million ($345 million), paid out by the end of this year - Reuters.Forty-seven people were killed on July 6, 2013, when a Montreal, Maine & Atlantic railway train carrying Bakken oil derailed and exploded in the heart of the Quebec town of Lac-Megantic - Reuters.Parties previously named in a class action lawsuit, including closely held Irving Oil, General Electric, Shell Oil Co, ConocoPhillips, Marathon Oil and others, agreed to contribute to the compensation fund for victims of the explosion - Reuters.CP Rail, which transported the oil tank cars involved in the accident to Montreal before handing them over to Montreal, Maine & Atlantic, has not contributed to the settlement. The railway has long argued that it is not responsible for what happened after it handed over the cars - Reuters.Keach said the compromise clarified that if there is a judgment against CP in the future, any financial penalty would be reduced based on what ha already been paid under the settlement agreement - Reuters.  Full Article

ConocoPhillips makes another round of cuts, eliminating 1,810 jobs with oil prices plunging - The Associated Press
Monday, 31 Aug 2015 08:00pm EDT 

ConocoPhillips:Which has already cut 1,000 jobs this year, says it will eliminate around 1,810 more positions following a plunge that took oil prices to their lowest levels in years - The Associated Press.It is eliminating 10 per cent of its workforce, The biggest proportion of the job cuts will be in North America, ConocoPhillips plans to eliminate more than 500 jobs in Houston, where it is based - The Associated Press.  Full Article

ConocoPhillips sees to achieve higher end of FY 2015 production target; gives Q3 2015 production guidance
Thursday, 30 Jul 2015 07:00am EDT 

ConocoPhillips:Says that it is on track to achieve higher end of its FY 2015 production target of 2 pct. to 3 pct. growth compared with FY 2014 production from continuing operations, excluding Libya.Expects Q3 2015 production, excluding Libya, to be 1,510 to 1,550 MBOED, which reflects planned turnaround activity during the quarter.  Full Article

ConocoPhillips announces dividend increase
Thursday, 16 Jul 2015 04:15pm EDT 

ConocoPhillips:Increase in its quarterly dividend from $0.73 per share to $0.74 per share.Payable on Sept. 1 to stockholders of record at the close of business on July 27.  Full Article

ConocoPhillips announces quarterly dividend
Tuesday, 12 May 2015 04:45pm EDT 

ConocoPhillips:Says quarterly dividend of 73 cents per share.Payable June 1 to stockholders of record at the close of business on May 22.  Full Article

ConocoPhillips gives Q2 2015 production outlook
Thursday, 30 Apr 2015 07:00am EDT 

ConocoPhillips:Expects Q2 2015 production from continuing operations to be 1,555 to 1,595 MBOED, which excludes Libya.  Full Article

ConocoPhillips announces quarterly dividend
Wednesday, 4 Feb 2015 12:15pm EST 

ConocoPhillips:Announced quarterly dividend of 73 cents per share.Payable on March 2 to stockholders of record at the close of business on Feb. 17.  Full Article

ConocoPhillips gives Q1, FY 2015 production guidance
Thursday, 29 Jan 2015 07:00am EST 

ConocoPhillips:Expects to deliver 2 to 3 pct production growth in FY 2015 from continuing operations, excluding Libya.Expects Q1 2015 production from continuing operations to be 1,570 to 1,610 MBOED, which excludes Libya.  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.