News: ConocoPhillips (COP)

COP on New York Consolidated

70.13USD
24 Dec 2014
Price Change (% chg)

$-0.92 (-1.29%)
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$71.05
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Tue, Dec 9 2014

UPDATE 2-Siemens CEO brushes off concern over oil price slide

* Comments come after ConocoPhillips announces budget cut

ConocoPhillips plans to spend less in 2015 as crude slides

- ConocoPhillips said its 2015 capital budget would be 20 percent, or about $3 billion, lower than this year's, the biggest spending cut by a U.S. oil and gas producer in dollar terms as oil prices hit five-year lows.

UPDATE 3-ConocoPhillips plans to spend less in 2015 as crude slides

* To cut investment on less developed shales in N. America

ConocoPhillips plans to spend less in 2015 amid steep crude fall

Dec 8 - ConocoPhillips set a capital budget of $13.5 billion for 2015, a 20 percent drop from its 2014 spending plans, amid a steep decline in global crude prices.

East Timor kicks out judges over ConocoPhillips tax fight

MELBOURNE, Nov 5 - East Timor has ordered five foreign judges out of the country after a court ruled in favour of U.S. oil and gas producer ConocoPhillips in cases tied to $236 million in disputed tax assessments.

ConocoPhillips to plug and abandon Angola well, sees charge

Nov 4 - ConocoPhillips, the largest U.S. independent oil and gas company, said on Tuesday it plans to plug and abandon the Kamoxi-1 well offshore Angola after disappointing results.

Conoco sees third-quarter profit rise, 2015 capex seen lower

- ConocoPhillips , the largest U.S. independent oil and gas company, on Thursday reported higher third-quarter profit after the sale of its Nigerian unit and said overall spending would decline next year, partly in response to falling crude oil prices.

UPDATE 3-Conoco sees 3rd-qtr profit rise, 2015 capex seen lower

(Adds details on 2015 capital spending plans, updates stock price)

Conoco to spend less in 2015, below $16 billion

HOUSTON - ConocoPhillips plans a capital budget below $16 billion next year and will defer spending on some of its less-developed areas, including the Permian Basin and Western Canada, if crude oil prices continue to slide, the company said on Thursday.

Conoco to spend less in 2015, below $16 billion

HOUSTON, Oct 30 - ConocoPhillips plans a capital budget below $16 billion next year and will defer spending on some of its less-developed areas, including the Permian Basin and Western Canada, if crude oil prices continue to slide, the company said on Thursday.

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