United States

ConocoPhillips (COP)

COP on New York Consolidated

22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

ConocoPhillips to sell Foster Creek Christina Lake Partnership interest, Western Canada Deep Basin Gas assets to Cenovus for $13.3 bln
Wednesday, 29 Mar 2017 04:14pm EDT 

ConocoPhillips : ConocoPhillips announces sale of Foster Creek Christina Lake partnership interest and Western Canada deep basin gas assets to Cenovus for $13.3 billion; significant transaction accelerates value proposition . ConocoPhillips - cash portion of proceeds will be used to reduce debt to $20 billion in 2017 and double existing share repurchase authorization to $6 billion . ConocoPhillips- also intends to triple its planned 2017 buybacks from $1 billion to $3 billion, with remaining $3 billion allocated to 2018 and 2019 . ConocoPhillips - disposed assets had a net book value of approximately $10.9 billion as of Dec. 31, 2016 . ConocoPhillips - ConocoPhillips Canada will retain its operated 50 percent interest in Surmont Oil Sands joint venture . ConocoPhillips - ConocoPhillips Canada will retain its operated 100 percent Blueberry-Montney unconventional acreage position . ConocoPhillips- full-year estimated 2017 production and operating expenses associated with assets being sold is $0.4 billion . ConocoPhillips- company does not expect any change to 2017 capital expenditures .ConocoPhillips - expects to recognize a financial tax accounting benefit of approximately $1 billion in Q1 of 2017.  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


The graphite fix: Inside China's newest commodity addiction

MANILA/BEIJING China's aggressive environmental protection campaign has tightened supplies of graphite electrodes used in steelmaking, boosting the fortunes of big producers like Fangda Carbon as mills search far and wide for a material now in short supply.