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ConocoPhillips (COP.N)

COP.N on New York Stock Exchange

66.97USD
26 Apr 2018
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$1.91 (+2.94%)
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Latest Key Developments (Source: Significant Developments)

ConocoPhillips CEO R.M. Lance's 2017 Total Compensation Was $21.8 Mln VS $19.2 Mln SEC Filing
Monday, 2 Apr 2018 08:14am EDT 

April 2 (Reuters) - ConocoPhillips ::SEC FILING.CONOCOPHILLIPS CFO DONALD E. WALLETTE JR.'S 2017 TOTAL COMPENSATION $9.5 MILLION VERSUS $7.4 MILLION.  Full Article

ConocoPhillips Announces Early Results Of Cash Tender Offer
Wednesday, 28 Mar 2018 08:30am EDT 

March 28 (Reuters) - ConocoPhillips ::CONOCOPHILLIPS ANNOUNCES EARLY RESULTS OF CASH TENDER OFFER.CONOCOPHILLIPS - EARLY RESULTS OF TENDER OFFER CO TO PURCHASE UP TO $400 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF OUTSTANDING DEBT SECURITIES.  Full Article

MMA Offshore Updates On Contracts
Tuesday, 27 Mar 2018 05:19pm EDT 

March 28 (Reuters) - MMA OFFSHORE ::CONOCOPHILLIPS GAVE CO MULTIPLE VESSEL CONTRACTS.CO SECURED A 1-YEAR CONTRACT WITH A CRUDE OIL AND NATURAL GAS PRODUCER.  Full Article

Santos Says Australia’s Offshore Petroleum Regulator Has Accepted Barossa-Caldita Offshore Project Proposal
Tuesday, 20 Mar 2018 08:41pm EDT 

March 21 (Reuters) - Santos Ltd ::AUSTRALIA’S OFFSHORE PETROLEUM REGULATOR HAS ACCEPTED THE BAROSSA-CALDITA OFFSHORE PROJECT PROPOSAL.NATIONAL OFFSHORE PETROLEUM SAFETY AND ENVIRONMENTAL MANAGEMENT AUTHORITY HAS ACCEPTED THE JOINT VENTURE’S PROJECT PROPOSAL..  Full Article

Conocophillips Reports Q4 Total Revenue And Other Income Of $8.74 Bln
Thursday, 1 Feb 2018 07:10am EST 

Feb 1 (Reuters) - Conocophillips ::QUARTERLY TOTAL REVENUE AND OTHER INCOME $8,736 MILLION VERSUS $7,254 MILLION.  Full Article

ConocoPhillips Q4 Earnings Per Share $1.32
Thursday, 1 Feb 2018 07:00am EST 

Feb 1 (Reuters) - ConocoPhillips ::REPORTS FOURTH-QUARTER AND FULL-YEAR 2017 RESULTS; INCREASES QUARTERLY DIVIDEND BY 7.5 PERCENT AND PLANNED 2018 SHARE REPURCHASES TO $2 BILLION; ANNOUNCES PRELIMINARY 2017 YEAR-END RESERVES AND BOLT-ON TRANSACTION IN ALASKA.Q4 ADJUSTED EARNINGS PER SHARE $0.45 EXCLUDING ITEMS.Q4 EARNINGS PER SHARE $1.32.FULL-YEAR 2018 PRODUCTION IS EXPECTED TO BE 1,195 TO 1,235 MBOED.GUIDANCE FOR 2018 PRODUCTION AND OPERATING EXPENSES AND 2018 ADJUSTED OPERATING COST IS $5.7 BILLION..‍BOARD APPROVED A 7.5 PERCENT INCREASE TO QUARTERLY DIVIDEND, FROM 26.5 CENTS TO 28.5 CENTS PER SHARE​.COMPANY'S 2018 GUIDANCE FOR CAPITAL EXPENDITURES IS $5.5 BILLION.PRODUCTION EXCLUDING LIBYA FOR Q4 OF 2017 WAS 1,219 MBOED, A DECREASE OF 368 MBOED COMPARED WITH SAME PERIOD A YEAR AGO.FIRST-QUARTER 2018 PRODUCTION IS EXPECTED TO BE 1,180 TO 1,220 MBOED.PRODUCTION GUIDANCE FOR 2018 EXCLUDES LIBYA..QTRLY TOTAL REALIZED PRICE WAS $46.10 PER BOE, COMPARED WITH $32.93 PER BOE IN Q4 OF 2016.‍SIGNED AGREEMENT WITH ANADARKO PETROLEUM TO ACQUIRE 22 PERCENT NONOPERATED INTEREST IN WESTERN NORTH SLOPE OF ALASKA, IN ALPINE PIPELINE.DEAL WITH ANADARKO IS FOR $400 MILLION IN CASH, BEFORE CUSTOMARY ADJUSTMENTS​.‍IN 2017, GROSS DAILY PRODUCTION FROM ASSETS ACQUIRED UNDER ANADARKO DEAL WAS 63 THOUSAND BOE PER DAY​.WILL ALSO HAVE 100 PERCENT INTEREST IN ABOUT 1.2 MILLION ACRES OF EXPLORATION AND DEVELOPMENT LANDS​ UNDER ANADARKO DEAL.  Full Article

ConocoPhillips Expects To Recognize A Non-Cash Tax Benefit In Q4 Related To U.S. Tax Cuts And Jobs Act​
Monday, 8 Jan 2018 04:16pm EST 

Jan 8 (Reuters) - Conocophillips ::CONOCOPHILLIPS - EXPECTS TO RECOGNIZE A NON-CASH TAX BENEFIT IN Q4 OF 2017 RELATED TO U.S. TAX CUTS AND JOBS ACT​.CONOCOPHILLIPS - ‍DOES NOT EXPECT TO INCUR TAX COST RELATED TO 1-TIME REPATRIATION OF ACCUMULATED FOREIGN EARNINGS RELATED TO TAX CUTS AND JOBS ACT​.CONOCOPHILLIPS SAYS ON PRELIMINARY ASSESSMENT, ESTIMATES TAX CUTS & JOBS ACT TO POSITIVELY IMPACT CO'S FUTURE AFTER-TAX EARNINGS IN U.S.​ - SEC FILING.  Full Article

ConocoPhillips plan to double free cash flow in next three years
Wednesday, 8 Nov 2017 10:28am EST 

Nov 8 (Reuters) - ConocoPhillips :Says will invest $1.2 billion in shale operations annually for rest of decade.Chief Executive Ryan Lance says returns 'ultimate measure of value creation in our business'.Says 'increased shareholder distributions will compete for capital allocation'.Says production should not drop significantly unless oil prices CLc1 fall below $40/barrel for long period.Says its Alaska operations undergoing a 'renaissance'.Says its shale operations have average cost of supply below $35/barrel.Says expects to generate $1 billion in net cash flow from shale operations by 2020.Says will pump 245,000 barrels/day from Eagle Ford shale by 2020, an 89 percent increase from 2017 levels.Says will pump 80,000 barrels/day from Delaware portion of Permian shale by 2020, more than fourfold increase from 2017 levels.Says will keep Bakken shale production steady near 70,000 barrels/ day for rest of decade to generate cash flow.Says plan to double free cash flow in next three years.  Full Article

ConocoPhillips targets ‍debt reduction to $15 bln in 2019​
Wednesday, 8 Nov 2017 07:00am EST 

Nov 8 (Reuters) - ConocoPhillips : :ConocoPhillips analyst and investor meeting to outline 2018-2020 operating plan; creating value with disciplined, returns-focused strategy.ConocoPhillips - targets ‍debt reduction to $15 billion in 2019​.ConocoPhillips - ‍three-year operating plan averages annual capital expenditures of $5.5 billion​.ConocoPhillips-‍extending $1.5 billion per year of share buybacks for additional year through 2020, resulting in total 2017-2020 share buybacks of $7.5 billion​.ConocoPhillips-Targets extending $1.5 billion/year of share buybacks for additional year through 2020,resulting in total 2017-2020 share buybacks of $7.5 billion​.ConocoPhillips - sees ‍sustaining capital $3.5​ billion in 2018.ConocoPhillips - ‍ set a target to reduce greenhouse gas emissions intensity by 5-to-15 percent by 2030​.ConocoPhillips - sees 2018 ‍exploration capital spend $0.3​ billion.ConocoPhillips-2017-2020 share buybacks of $7.5 billion, debt reduction to $15 billion to represent a 20% decrease in debt-adjusted share count by year-end 2020​.  Full Article

ConocoPhillips says committed to returns-focused strategy regardless of oil price
Thursday, 26 Oct 2017 01:06pm EDT 

Oct 26 (Reuters) - ConocoPhillips :Says committed to returns-focused strategy regardless of commodity price improvement.Says plans to exceed original oil production forecast despite capital budget cut.Says no water-borne oil exports from United States in third quarter.Says 'quite possible' might see quarterly distribution from Australia Pacific LNG joint venture in fourth quarter.Says does plan to start cutting stake in Cenovus Energy Inc <<>> after lock-up period ends in November.Says currently producing more than 30,000 barrels/day of oil in Libya.Says all gas from Australia Pacific LNG that's not sold domestically is under long-term contracts to customers in China and Japan.Says some Australia Pacific LNG customers exercised right to not take up to 10 percent of contracted cargos, making some LNG available for spot sale in 2018.  Full Article

UPDATE 3-Conoco sues to enforce $2 bln award that Venezuela scorns

CARACAS, April 26 Venezuela on Thursday scorned a $2.04 billion award to ConocoPhillips over a decade-old nationalization as the U.S. oil producer filed suit in a federal court to enforce the decision.