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ConocoPhillips (N:COP)

Business Focus: Oil & Gas Exploration and Production

Mar 21, 2024 02:30 pm ET
ConocoPhillips to hold first-quarter earnings conference call on Thursday, May 2
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, May 2, 2024, at 12:00 p.m. Eastern time to discuss first-quarter 2024 financial and operating results. The company’s financial and operating results will be released before the market opens on May 2.
Mar 07, 2024 10:51 am ET
AM Best Affirms Credit Ratings of Sooner Insurance Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Sooner Insurance Company (Sooner) (Colchester, VT). The outlook of these Credit Ratings (ratings) is stable.
Feb 15, 2024 07:00 am ET
ConocoPhillips announces Dominic Macklon to retire after 33 years with the company
ConocoPhillips (NYSE: COP) today announced that Dominic Macklon, executive vice president, Strategy, Sustainability and Technology, has elected to retire effective May 1, 2024, for family medical reasons after 33 dedicated years of service.
Feb 08, 2024 07:00 am ET
ConocoPhillips reports fourth-quarter and full-year 2023 results, 123% preliminary reserve replacement ratio; announces 2024 guidance and planned return of capital of $9B; declares quarterly ordinary
ConocoPhillips (NYSE: COP) today reported fourth-quarter 2023 earnings of $3.0 billion, or $2.52 per share, compared with fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per share. Excluding special items, fourth-quarter 2023 adjusted earnings were $2.9 billion, or $2.40 per share, compared with fourth-quarter 2022 adjusted earnings of $3.4 billion, or $2.71 per share. Special items for the current quarter were comprised of a benefit related to the reversal of a tax reserve, partially offset by a loss on foreign exchange contracts.
Dec 22, 2023 04:30 pm ET
ConocoPhillips Makes Final Investment Decision to Develop the Willow Project
ConocoPhillips (NYSE: COP) announced today that it will move forward with development of the Willow project in Alaska. This Final Investment Decision approves the project and funds construction needed to reach first oil. The decision follows the Department of the Interior March 2023 Record of Decision and recent positive court orders, including this week’s Ninth Circuit Court of Appeals denial of plaintiffs’ request for an injunction.
Dec 19, 2023 12:00 pm ET
ConocoPhillips to Hold Fourth-Quarter Earnings Conference Call on Thursday, Feb. 8
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Feb. 8, 2024, at 12:00 p.m. Eastern time to discuss fourth-quarter 2023 financial and operating results as well as 2024 guidance items. The company’s financial and operating results will be released before the market opens on Feb. 8.
Nov 02, 2023 07:00 am ET
ConocoPhillips Reports Third-Quarter 2023 Results; Announces 14% Increase in Quarterly Ordinary Dividend
ConocoPhillips (NYSE: COP) today reported third-quarter 2023 earnings of $2.8 billion, or $2.32 per share, compared with third-quarter 2022 earnings of $4.5 billion, or $3.55 per share. Excluding special items, third-quarter 2023 adjusted earnings were $2.6 billion, or $2.16 per share, compared with third-quarter 2022 adjusted earnings of $4.6 billion, or $3.60 per share. Special items for the current quarter were primarily comprised of a benefit related to the reversal of a tax reserve and a gain associated with the divestiture of a Lower 48 equity investment.
Oct 04, 2023 04:05 pm ET
ConocoPhillips Completes Purchase of Remaining 50% Interest in Surmont
ConocoPhillips (NYSE: COP) today announced that it has completed the purchase of the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $2.7 billion cash (CAD$3.7 billion) after closing adjustments, as well as future contingent payments of up to approximately $0.3 billion (CAD$0.4 billion). ConocoPhillips now owns 100% of Surmont and will continue as operator.
Sep 21, 2023 12:00 pm ET
ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Thursday, Nov. 2
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Nov. 2, 2023, at 12:00 p.m. Eastern time to discuss third-quarter 2023 financial and operating results. The company’s financial and operating results will be released before the market opens on Nov. 2.
Sep 20, 2023 09:31 am ET
Thinking about trading options or stock in ASML Holding, NVIDIA, Teladoc Health, Vale, or ConocoPhillips?
NEW YORK, Sept. 20, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ASML, NVDA, TDOC, VALE, and COP.
Sep 14, 2023 04:15 pm ET
ConocoPhillips to Further Diversify Global LNG Portfolio with Additional Long-Term Agreement for European Regas Capacity
ConocoPhillips (NYSE: COP) announced today further progress on its global liquefied natural gas (LNG) strategy, signing a commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands. This agreement further complements the company’s foundational LNG resource positions in Qatar and Australia, offtake and equity in Sempra’s recently sanctioned Port Arthur LNG Phase 1 project on the U.S. Gulf Coast, regasification agreement at the German LNG Terminal announced last year, and the offtake agreements at Mexico Pacific’s Saguaro LNG export fa
Aug 03, 2023 07:00 am ET
ConocoPhillips Reports Second-Quarter 2023 Results; Raises Full-Year Production Guidance and Declares Quarterly Dividend and Variable Return of Cash Distribution
ConocoPhillips (NYSE: COP) today reported second-quarter 2023 earnings and adjusted earnings of $2.2 billion, or $1.84 per share, compared with second-quarter 2022 earnings of $5.1 billion, or $3.96 per share, and second-quarter 2022 adjusted earnings of $5.1 billion, or $3.91 per share.
Jun 22, 2023 12:46 pm ET
ConocoPhillips to Hold Second-Quarter Earnings Conference Call on Thursday, Aug 3
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Aug. 3, 2023, at 12:00 p.m. Eastern time to discuss second-quarter 2023 financial and operating results. The company’s financial and operating results will be released before the market opens on Aug. 3.
Jun 14, 2023 05:02 pm ET
Meritage Homes Appoints Dennis V. Arriola to Its Board of Directors
Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Dennis V. Arriola as an independent director to its Board of Directors, as part of its board refreshment process. His appointment brings...
May 26, 2023 12:20 pm ET
ConocoPhillips Provides Notice that it is Exercising its Preemption Right to Purchase the Remaining 50% Interest in Surmont
ConocoPhillips (NYSE: COP) today announced that it is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion (CAD$4 billion), subject to customary adjustments, as well as contingent payments of up to approximately $325 million (CAD$440 million). ConocoPhillips currently holds a 50% interest as operator of Surmont and will own 100% upon closing. This transaction is subject to regulatory approvals and other customary closing conditions.
May 23, 2023 01:00 pm ET
ConocoPhillips Announces Pricing of Cash Tender Offer
ConocoPhillips (NYSE: COP) (“COP”) announced today the pricing terms of the previously announced tender offer (the “Tender Offer”) by ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company (“CPCo” and, together with ConocoPhillips, the “Company”), to purchase the outstanding debt securities (collectively, the “Notes” and each a “Series” of Notes) identified in the Company’s Offer to Purchase dated May 9, 2023 (the “Offer to Purchase”) for an aggregate purchase price (excluding accrued interest) as calculated pursuant to the Offer to Purchase of up to $1.1 billion (the “Maximum
May 23, 2023 08:45 am ET
ConocoPhillips Announces Early Results of Cash Tender Offer
ConocoPhillips (NYSE: COP) (“COP”) announced today the early results of the previously announced tender offer (the “Tender Offer”) of ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company (“CPCo” and, together with ConocoPhillips, the “Company”), to purchase the outstanding debt securities identified in the table below (collectively, the “Notes” and each a “Series” of Notes).
May 09, 2023 03:25 pm ET
ConocoPhillips Announces Upsize of Previously Announced Cash Tender Offer
ConocoPhillips (NYSE: COP) (“COP”) announced today that ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company (“CPCo”), have increased the aggregate purchase price (excluding accrued interest) that they intend to purchase in the previously announced cash tender offer (the “Tender Offer”) to $1.1 billion (the “Maximum Aggregate Purchase Price”) from $750.0 million. This increase in the Maximum Aggregate Purchase Price matches the expected aggregate gross proceeds from the concurrent public offering of CPCo senior debt securities priced earlier today that will be used to finance
May 09, 2023 09:21 am ET
ConocoPhillips Announces Cash Tender Offer for up to $750.0 Million of Debt Securities
ConocoPhillips (NYSE: COP) (“COP”) announced today that ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company (“CPCo”), have commenced a cash tender offer (the “Tender Offer”) to purchase outstanding notes listed in the table below (collectively, the “Notes” and each a “Series” of Notes) having an aggregate purchase price (excluding accrued interest) of up to $750.0 million (the “Maximum Aggregate Purchase Price”), in the order of priority shown in the table below.
May 04, 2023 07:00 am ET
ConocoPhillips Reports First-Quarter 2023 Results; Raises Full-Year Production Guidance Midpoint and Declares Quarterly Dividend and Variable Return of Cash Distribution
ConocoPhillips (NYSE: COP) today reported first-quarter 2023 earnings and adjusted earnings of $2.9 billion, or $2.38 per share, compared with first-quarter 2022 earnings of $5.8 billion, or $4.39 per share, and first-quarter 2022 adjusted earnings of $4.3 billion, or $3.27 per share.
May 03, 2023 01:09 pm ET
Thinking about buying stock in General Motors, SoFi Technologies, General Electric, Coinbase Global, or ConocoPhillips?
NEW YORK, May 3, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for GM, SOFI, GE, COIN, and COP.
Apr 28, 2023 09:59 am ET
Thinking about buying stock in Nio, ConocoPhillips, Carnival, American Airlines, or Best Buy?
NEW YORK, April 28, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for NIO, COP, CCL, AAL, and BBY.
Apr 24, 2023 10:26 am ET
Thinking about trading options or stock in Tesla, ConocoPhillips, Nike, Coca-Cola, or Microsoft?
NEW YORK, April 24, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSLA, COP, NKE, KO, and MSFT.
Apr 19, 2023 09:46 am ET
Thinking about buying stock in Advanced Micro Devices, ConocoPhillips, Wells Fargo, Nio, or Activision Blizzard?
NEW YORK, April 19, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMD, COP, WFC, NIO, and ATVI.
Apr 13, 2023 09:31 am ET
Thinking about trading options or stock in Blackstone, World Wrestling Entertainment, Coinbase Global, Apple, or ConocoPhillips?
NEW YORK, April 13, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BX, WWE, COIN, AAPL, and COP.
Apr 12, 2023 07:00 am ET
ConocoPhillips Analyst & Investor Meeting Outlines Durable, Returns-Focused Value Proposition with Compelling Plan
ConocoPhillips (NYSE: COP) is hosting an Analyst & Investor Meeting today to outline details of a compelling operating and financial plan that features durable returns and cash flow growth for decades to come, while further describing the company’s valued role in the energy transition.
Apr 06, 2023 09:31 am ET
Thinking about trading options or stock in Advanced Micro Devices, ConocoPhillips, Bank of America, PayPal, or Apple?
NEW YORK, April 6, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMD, COP, BAC, PYPL, and AAPL.
Apr 03, 2023 09:31 am ET
Thinking about trading options or stock in Tesla, ConocoPhillips, Nike, Coca-Cola, or Microsoft?
NEW YORK, April 3, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSLA, COP, NKE, KO, and MSFT.
Mar 29, 2023 09:31 am ET
Thinking about buying stock in Nio, ConocoPhillips, Carnival, American Airlines, or Best Buy?
NEW YORK, March 29, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for NIO, COP, CCL, AAL, and BBY.
Mar 28, 2023 09:31 am ET
Thinking about buying stock in Micron Technology, ConocoPhillips, Lululemon Athletica, Coinbase, or Salesforce?
NEW YORK, March 28, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for MU, COP, LULU, COIN, and CRM.
Mar 27, 2023 05:25 am ET
ConocoPhillips Announces Plans to Become Upstream Operator and Agreement to Purchase Additional Shareholding Interest in APLNG
ConocoPhillips (NYSE: COP) today announced through its Australian subsidiary that it plans to become upstream operator of Australia Pacific LNG (APLNG) following the closing of EIG’s transaction with Origin Energy. In connection with this announcement, ConocoPhillips has agreed to purchase up to an additional 2.49% shareholding interest in APLNG for $0.5 billion, subject to customary adjustments. ConocoPhillips currently holds a 47.5% APLNG shareholding interest and will own up to 49.99% of APLNG upon closing. Both the assumption of upstream operatorship and the shareholding acquisition are de
Mar 23, 2023 12:00 pm ET
ConocoPhillips to Hold First-Quarter Earnings Conference Call on Thursday, May 4
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, May 4, 2023, at 12:00 p.m. Eastern time to discuss first-quarter 2023 financial and operating results. The company’s financial and operating results will be released before the market opens on May 4.
Mar 20, 2023 04:05 pm ET
Sempra Launches Port Arthur LNG Project
Finalizes Joint Venture with ConocoPhillipsCloses Non-Recourse Project FinancingAnnounces Equity Participation by KKRIssues Final Notice to Proceed to BechtelSAN DIEGO, March 20, 2023 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP (Sempra Infrastructure), reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas.
Mar 13, 2023 10:59 am ET
ConocoPhillips Welcomes Record of Decision on the Willow Project
ConocoPhillips (NYSE: COP) welcomes the Department of the Interior’s Record of Decision (ROD) on the Willow project, adopting the three core pads detailed in the Bureau of Land Management (BLM) preferred Alternative E. ConocoPhillips Alaska completed extensive preparations with key contractors and expects to immediately initiate gravel road construction activities. The company continues to review the ROD and will advance internal approval processes towards a Final Investment Decision.
Feb 10, 2023 08:31 am ET
Thinking about trading options or stock in Cloudflare, ConocoPhillips, PayPal, Microsoft, or Uber?
NEW YORK, Feb. 10, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for NET, COP, PYPL, MSFT, and UBER.
Feb 02, 2023 07:00 am ET
ConocoPhillips Reports Fourth-Quarter, Full-Year 2022 Results and 176% Preliminary Reserve Replacement Ratio; Announces 2023 Guidance and Planned Return of Capital of $11 Billion; Declares Quarterly D
ConocoPhillips (NYSE: COP) today reported fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per share, compared with fourth-quarter 2021 earnings of $2.6 billion, or $1.98 per share. Excluding special items, fourth-quarter 2022 adjusted earnings were $3.4 billion, or $2.71 per share, compared with fourth-quarter 2021 adjusted earnings of $3.0 billion, or $2.27 per share. Special items for the current quarter were primarily driven by impairment of certain aged, suspended wells and corporate expenses.
Jan 24, 2023 11:00 am ET
ConocoPhillips to Hold Analyst & Investor Meeting on April 12
ConocoPhillips (NYSE: COP) will host its 2023 Analyst & Investor Meeting on Wednesday, April 12 beginning at 8:30 a.m. Eastern time in New York City. The meeting will feature presentations by ConocoPhillips executives, including Chairman and Chief Executive Officer Ryan Lance.
Jan 17, 2023 11:01 am ET
AM Best Affirms Credit Ratings of Sooner Insurance Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Sooner Insurance Company (Sooner) (Colchester, VT). The outlook of these Credit Ratings (ratings) is stable.
Dec 27, 2022 08:31 am ET
Thinking about trading options or stock in Tesla, Exelon, Pinduoduo, Alibaba, or ConocoPhillips?
NEW YORK, Dec. 27, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSLA, EXC, PDD, BABA, and COP.
Dec 20, 2022 11:00 am ET
ConocoPhillips to Hold Fourth-Quarter Earnings Conference Call on Thursday, Feb. 2
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Feb. 2, 2023, at 12:00 p.m. Eastern time to discuss fourth-quarter 2022 financial and operating results as well as 2023 guidance items. The company’s financial and operating results will be released before the market opens on Feb. 2.
Dec 20, 2022 08:36 am ET
Thinking about trading options or stock in Starbucks, Tesla, Bank of America, ConocoPhillips, or Walmart?
NEW YORK, Dec. 20, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SBUX, TSLA, BAC, COP, and WMT.
Dec 05, 2022 08:31 am ET
Thinking about trading options or stock in Apple, Baidu, Pinduoduo, ConocoPhillips, or Amazon?
NEW YORK, Dec. 5, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AAPL, BIDU, PDD, COP, and AMZN.
Nov 29, 2022 08:31 am ET
Thinking about trading options or stock in Apple, Alibaba, ConocoPhillips, JD.Com, or Futu?
NEW YORK, Nov. 29, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AAPL, BABA, COP, JD, and FUTU.
Nov 29, 2022 07:00 am ET
ConocoPhillips and QatarEnergy Agree to Provide Reliable LNG Supply to Germany
ConocoPhillips (NYSE: COP) and QatarEnergy today announced the signing of two agreements to supply long-term liquefied natural gas (LNG) to Germany. The suppliers are joint venture companies established between ConocoPhillips and QatarEnergy to participate in the North Field East (NFE) and North Field South (NFS) projects, and the buyer is a wholly owned subsidiary of ConocoPhillips. First delivery is expected in 2026 to the recently announced German LNG Terminal at Brunsbüttel.
Nov 22, 2022 03:15 pm ET
Sempra Announces Strategic Partnership with ConocoPhillips for Port Arthur LNG
SAN DIEGO, Nov. 22, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips (NYSE: COP) have executed a 20-year Sale and Purchase Agreement (SPA) for 5 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from Phase 1 of the proposed Port Arthur LNG project under development in Jefferson County, Texas.
Nov 03, 2022 07:00 am ET
ConocoPhillips Reports Third-Quarter 2022 Results; Announces 11% Increase to Quarterly Ordinary Dividend, Declares Variable Return of Cash Distribution and Increases Existing Share Repurchase Authoriz
ConocoPhillips (NYSE: COP) today reported third-quarter 2022 earnings of $4.5 billion, or $3.55 per share, compared with third-quarter 2021 earnings of $2.4 billion, or $1.78 per share. Excluding special items, third-quarter 2022 adjusted earnings were $4.6 billion, or $3.60 per share, compared with third-quarter 2021 adjusted earnings of $2.4 billion, or $1.77 per share. Special items for the current quarter were primarily driven by a loss on asset sales.
Oct 14, 2022 09:41 am ET
Thinking about trading options or stock in Bank of America, ConocoPhillips, PepsiCo, UnitedHealth Group, or Coinbase Global?
NEW YORK, Oct. 14, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BAC, COP, PEP, UNH, and COIN.
Oct 10, 2022 09:38 am ET
Thinking about trading options or stock in Tesla, ConocoPhillips, Humana, Lockheed Martin, or Merck?
NEW YORK, Oct. 10, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSLA, COP, HUM, LMT, and MRK.
Oct 05, 2022 09:31 am ET
Thinking about trading options or stock in Tesla, RPM International, ConocoPhillips, Children's Place, or Walt Disney?
NEW YORK, Oct. 5, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSLA, RPM, COP, PLCE, and DIS.
Sep 27, 2022 10:56 am ET
Thinking about trading options or stock in Uber Technologies, ConocoPhillips, Pinduoduo, Humana, or Cracker Barrel?
NEW YORK, Sept. 27, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for UBER, COP, PDD, HUM, and CBRL.
Sep 22, 2022 12:00 pm ET
ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Thursday, Nov. 3
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Nov. 3, 2022, at 12:00 p.m. Eastern time to discuss third-quarter 2022 financial and operating results. The company’s financial and operating results will be released before the market opens on Nov. 3.
Sep 15, 2022 09:31 am ET
Thinking about trading options or stock in Apple, Netflix, ConocoPhillips, Northrop Grumman, or Nvidia?
NEW YORK, Sept. 15, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AAPL, NFLX, COP, NOC, and NVDA.
Sep 13, 2022 04:15 pm ET
ConocoPhillips Appoints Dennis V. Arriola to its Board of Directors
ConocoPhillips (NYSE: COP) today announced that its board of directors has elected Mr. Dennis V. Arriola to serve as a board member.
Sep 12, 2022 10:55 am ET
Thinking about trading options or stock in Amazon, Gilead Sciences, Bristol-Myers Squibb, ConocoPhillips, or Wayfair?
NEW YORK, Sept. 12, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMZN, GILD, BMY, COP, and W.
Sep 08, 2022 09:36 am ET
Thinking about trading options or stock in Enphase Energy, Progressive, ConocoPhillips, Tesla, or Solaredge Technologies?
NEW YORK, Sept. 8, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ENPH, PGR, COP, TSLA, and SEDG.
Aug 16, 2022 10:30 am ET
Thinking about trading options or stock in Chevron, Costco, Johnson & Johnson, ConocoPhillips, or Dollar General?
NEW YORK, Aug. 16, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CVX, COST, JNJ, COP, and DG.
Aug 04, 2022 07:00 am ET
ConocoPhillips Reports Second-Quarter 2022 Results; Announces Increase in Planned 2022 Return of Capital to $15 Billion and Declares Quarterly Dividend and Variable Return of Cash Distribution
ConocoPhillips (NYSE: COP) today reported second-quarter 2022 earnings of $5.1 billion, or $3.96 per share, compared with second-quarter 2021 earnings of $2.1 billion, or $1.55 per share. Excluding special items, second-quarter 2022 adjusted earnings were $5.1 billion, or $3.91 per share, compared with second-quarter 2021 adjusted earnings of $1.7 billion, or $1.27 per share. Special items for the current quarter were comprised of gains on asset sales including contingent payments related to prior dispositions, partially offset by a loss on debt extinguishment and a Norway tax reform-related a
Jul 14, 2022 09:00 am ET
Pioneer, Devon and ConocoPhillips Join OGMP 2.0, Commit to Leading Methane Performance and Increased Transparency in Emissions Reporting
Three leading U.S. oil and natural gas producing companies, Pioneer Natural Resources Company (NYSE: PXD), Devon Energy Corp. (NYSE: DVN) and ConocoPhillips (NYSE: COP), jointly announced today that they have joined the Oil and Gas Methane Partnership (OGMP) 2.0 Initiative. The initiative’s mission is to improve the industry’s transparency in methane emissions reporting and encourage progress in reducing those emissions. The companies’ membership in OGMP 2.0 demonstrates their commitments to reducing methane emissions and meeting U.S. and global energy demand with reliable and responsibly sour
Jul 14, 2022 06:50 am ET
ConocoPhillips and Sempra Infrastructure Sign Heads of Agreement for Large-Scale LNG Projects and Carbon Capture Activities
ConocoPhillips (NYSE: COP) today announced a potentially significant expansion of its global liquefied natural gas (LNG) business through investment in a new large-scale LNG facility under development by Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), in Jefferson County, Texas. ConocoPhillips has entered into a Heads of Agreement (HOA) with Sempra to acquire a 30% direct equity holding in Port Arthur Liquefaction Holdings, LLC and an LNG offtake equivalent to approximately 5 million tonnes per annum (Mtpa) from the Port Arthur LNG project.
Jul 14, 2022 06:50 am ET
Sempra Announces Partnership Framework with ConocoPhillips
Provides comprehensive framework to develop Port Arthur LNG Advances broad collaboration on the development of ECA LNG Phase 2 Provides for cooperation on associated carbon sequestration and low-carbon hydrogen opportunitiesSAN DIEGO, July 14, 2022 /PRNewswire/ -- Sempra (NYSE: SRE) (BMV: SRE) today announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips (NYSE: COP) have entered into a heads of agreement (HOA) to develop Sempra Infrastructure's Port Arthur LNG project and jointly participate in other related energy infrastructure in Southeast Texas and the Pacific Coast of M
Jun 23, 2022 03:00 pm ET
ConocoPhillips to Hold Second-Quarter Earnings Conference Call on Thursday, Aug. 4
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Aug. 4, 2022, at 12:00 p.m. Eastern time to discuss second-quarter 2022 financial and operating results. The company’s financial and operating results will be released before the market opens on Aug. 4.
Jun 14, 2022 09:31 am ET
Thinking about trading options or stock in Continental Resources, FedEx, Apple, ConocoPhillips, or Alibaba?
NEW YORK, June 14, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CLR, FDX, AAPL, COP, and BABA.
Jun 08, 2022 10:50 am ET
Thinking about trading options or stock in Intel Corp, ConocoPhillips, Altria Group, Marathon Petroleum, or GSK?
NEW YORK, June 8, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for INTC, COP, MO, MPC, and GSK.
Jun 07, 2022 11:00 am ET
Thinking about trading options or stock in Amazon, ConocoPhillips, Pinduoduo, Eli Lilly, or Take-Two Interactive?
NEW YORK, June 7, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AMZN, COP, PDD, LLY, and TTWO.
Jun 02, 2022 09:31 am ET
Thinking about trading options or stock in ConocoPhillips, Tesla, Microsoft, Advanced Micro Devices, or Salesforce?
NEW YORK, June 2, 2022 /PRNewswire/ --  InvestorsObserver issues critical PriceWatch Alerts for COP, TSLA, MSFT, AMD, and CRM.
Jun 01, 2022 09:31 am ET
Thinking about trading options or stock in Salesforce, NVIDIA, Victoria's Secret, Tesla, or ConocoPhillips?
NEW YORK, June 1, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for CRM, NVDA, VSCO, TSLA, and COP.
May 31, 2022 11:15 am ET
Thinking about trading options or stock in Nike, Unilever, Marathon Petroleum, Pinduoduo, or ConocoPhillips?
NEW YORK, May 31, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for NKE, UL, MPC, PDD, and COP.
May 26, 2022 10:50 am ET
Thinking about trading options or stock in GameStop, ConocoPhillips, Five Below, Splunk, or Microsoft?
NEW YORK, May 26, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for GME, COP, FIVE, SPLK, and MSFT.
May 24, 2022 09:31 am ET
Thinking about trading options or stock in Zoom Video, ConocoPhillips, Bank of America, Apple, or Walt Disney?
NEW YORK, May 24, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ZM, COP, BAC, AAPL, and DIS.
May 12, 2022 09:31 am ET
Thinking about trading options or stock in Walt Disney, Target, AmerisourceBergen, Tesla, or ConocoPhillips?
NEW YORK, May 12, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DIS, TGT, ABC, TSLA, and COP.
May 11, 2022 09:31 am ET
Thinking about trading options or stock in Alibaba, ConocoPhillips, GameStop, Coca-Cola, or Bank of America?
NEW YORK, May 11, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BABA, COP, GME, KO, and BAC.
May 10, 2022 09:31 am ET
Thinking about trading options or stock in General Mills, Target, Tesla, General Electric, or ConocoPhillips?
NEW YORK, May 10, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for GIS, TGT, TSLA, GE, and COP.
May 09, 2022 09:31 am ET
Thinking about trading options or stock in Tyson Foods, Tesla, EOG Resources, ConocoPhillips, or Dollar Tree?
NEW YORK, May 9, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSN, TSLA, EOG, COP, and DLTR.
May 05, 2022 09:31 am ET
Thinking about trading options or stock in ConocoPhillips, Paycom Software, Alpha Metallurgical Resources, NVIDIA, or Fortinet?
NEW YORK, May 5, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for COP, PAYC, AMR, NVDA, and FTNT.
May 05, 2022 07:00 am ET
ConocoPhillips Reports First-Quarter 2022 Results; Announces Increase in Planned 2022 Return of Capital to $10 Billion and Declares Quarterly Dividend and Variable Return of Cash Distribution
ConocoPhillips (NYSE: COP) today reported first-quarter 2022 earnings of $5.8 billion, or $4.39 per share, compared with first-quarter 2021 earnings of $1.0 billion, or $0.75 per share. Excluding special items, first-quarter 2022 adjusted earnings were $4.3 billion, or $3.27 per share, compared with first-quarter 2021 adjusted earnings of $0.9 billion, or $0.69 per share. Special items for the current quarter were primarily comprised of a tax benefit related to closure of an audit, a gain associated with the Indonesia divestiture and a gain on Cenovus Energy (CVE) equity.
May 02, 2022 08:30 am ET
ConocoPhillips Announces Executive Leadership Changes
ConocoPhillips (NYSE: COP) today announced that Tim Leach, previously executive vice president, Lower 48, has become advisor to the chief executive officer, effective May 1, 2022. In addition to his new role, Leach will continue serving as a member of the company’s board of directors.
Mar 30, 2022 09:31 am ET
Thinking about trading options or stock in Tesla, Exelon Corp, Advanced Micro Devices, ConocoPhillips, or Nucor Corp?
NEW YORK, March 30, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TSLA, EXC, AMD, COP, and NUE.
Mar 24, 2022 03:15 pm ET
ConocoPhillips to Hold First-Quarter Earnings Conference Call on Thursday, May 5
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, May 5, 2022, at 12:00 p.m. Eastern time to discuss first-quarter 2022 financial and operating results. The company’s financial and operating results will be released before the market opens on May 5.
Mar 22, 2022 08:30 am ET
ConocoPhillips Announces Expiration and Final Results of Debt Exchange Offers
ConocoPhillips (NYSE: COP) (“COP”) announced today the expiration and final results of its two pools of Exchange Offers as detailed below.
Mar 21, 2022 11:00 am ET
Thinking about trading options or stock in Alibaba, Boeing, ConocoPhillips, Verizon, or Block?
NEW YORK, March 21, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BABA, BA, COP, VZ, and SQ.
Mar 08, 2022 03:15 pm ET
ConocoPhillips Announces Pricing of Cash Tender Offer
ConocoPhillips (NYSE: COP) (“COP”) announced today the pricing terms of the previously announced tender offer (the “Tender Offer”) by ConocoPhillips and its wholly-owned subsidiary, Concho Resources Inc. (“CXO” and, together with ConocoPhillips, the “Company”), to purchase the outstanding debt securities (collectively, the “Notes” and each a “Series” of Notes) identified in the Company’s Offer to Purchase dated February 22, 2022 (as amended, the “Offer to Purchase”). The Tender Offer was previously amended to increase the Maximum Aggregate Purchase Price (as defined in the Offer to Purchase) t
Mar 08, 2022 03:15 pm ET
ConocoPhillips Announces Pricing Terms for Debt Exchange Offers
ConocoPhillips (NYSE: COP) (“COP”) announced today the pricing terms with respect to its private offer to exchange (the “Pool 1 Offer”) four series of notes issued by COP, ConocoPhillips Company (“CPCo”) and Burlington Resources LLC (“Burlington”) as described in the table below (collectively, the “Pool 1 Notes”) for a combination of cash and a new series of CPCo’s senior notes due 2062 (the “New 2062 Notes”). For each $1,000 principal amount of Pool 1 Notes validly tendered and not validly withdrawn prior to 5:00 p.m., New York City time, on March 7, 2022, and accepted by COP, the following t
Mar 08, 2022 08:30 am ET
ConocoPhillips Announces Early Results of Debt Exchange Offers
ConocoPhillips (NYSE: COP) (“COP”) announced today the early results of its two pools of Exchange Offers as detailed below.
Mar 08, 2022 08:30 am ET
ConocoPhillips Announces Upsizing and Early Results of Cash Tender Offer
ConocoPhillips (NYSE: COP) (“COP”) announced today the early results of the previously announced tender offer (the “Tender Offer”) of ConocoPhillips and its wholly-owned subsidiary, Concho Resources Inc. (“CXO” and, together with ConocoPhillips, the “Company”), to purchase the outstanding debt securities identified in the table below (collectively, the “Notes” and each a “Series” of Notes). ConocoPhillips further announced that the Company intended to accept for purchase, in accordance with the terms and conditions of the Offer to Purchase dated February 22, 2022 (as amended by this release, t
Mar 02, 2022 08:15 pm ET
ConocoPhillips Completes Sale of Indonesia Assets
ConocoPhillips (NYSE: COP) announced today that it has completed the sale of the subsidiary that indirectly owns its 54% interest in the Indonesia Corridor Block Production Sharing Contract (PSC) and a 35% shareholding interest in the Transasia Pipeline Company to MedcoEnergi for $1.355 billion, with an effective date of Jan. 1, 2021. After customary closing adjustments, net cash from the sale is approximately $0.8 billion, which accounts for $0.1 billion restricted cash transferred to MedcoEnergi at closing.
Feb 24, 2022 08:31 am ET
Thinking about trading options or stock in Cheniere Energy, ConocoPhillips, Raytheon Technologies, Advanced Micro Devices, or Tesla?
NEW YORK, Feb. 24, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for LNG, COP, RTX, AMD, and TSLA.
Feb 22, 2022 04:36 pm ET
ConocoPhillips Announces Transaction Details for Debt Exchange Offers for up to $3.0 Billion of Debt Securities
ConocoPhillips (NYSE: COP) (“COP”) announced today that it is commencing a private offer to exchange (the “Pool 1 Offer”) four series of notes issued by COP, ConocoPhillips Company (“CPCo”) and Burlington Resources LLC (“Burlington”) as described in the table below (collectively, the “Pool 1 Notes”) for a combination of cash and a new series of CPCo’s senior notes due 2062 (the “New 2062 Notes”). The aggregate principal amount of Pool 1 Notes of each series that are accepted for exchange will be based on the order of acceptance priority for such series as set forth in the table below, such tha
Feb 22, 2022 10:01 am ET
ConocoPhillips Announces Debt Exchange Offers for up to $3.0 Billion of Debt Securities
ConocoPhillips (NYSE: COP) (“COP”) announced today that it is commencing a private offer to exchange (the “Pool 1 Offer”) four series of notes issued by COP, ConocoPhillips Company (“CPCo”) and Burlington Resources LLC (“Burlington”) as described in the table below (collectively, the “Pool 1 Notes”) for a combination of cash and a new series of CPCo’s senior notes due 2062 (the “New 2062 Notes”). The aggregate principal amount of Pool 1 Notes of each series that are accepted for exchange will be based on the order of acceptance priority for such series as set forth in the table below, such tha
Feb 22, 2022 10:00 am ET
ConocoPhillips Announces Cash Tender Offer for up to $1.8 Billion of Debt Securities
ConocoPhillips (NYSE: COP) (“COP”) announced today that ConocoPhillips and its wholly-owned subsidiary, Concho Resources Inc. (“CXO”), have commenced a cash tender offer (the “Tender Offer”) to purchase outstanding notes listed in the table below (collectively, the “Notes” and each a “Series” of Notes) having an aggregate purchase price (excluding accrued interest) of up to $1.8 billion (the “Maximum Aggregate Purchase Price”), in the order of priority shown in the table below.
Feb 17, 2022 07:52 pm ET
ConocoPhillips Completes Purchase of Additional 10% Shareholding Interest in APLNG
ConocoPhillips (NYSE: COP) today announced through its Australian subsidiary that it has completed the purchase of an additional 10% shareholding interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.645 billion. After customary closing adjustments, cash paid for the additional interest is approximately $1.4 billion (AU$2.0 billion). The transaction resulted from the exercise of ConocoPhillips’ preemption right and is funded from cash on the company’s balance sheet.
Feb 14, 2022 08:31 am ET
Thinking about trading options or stock in Splunk, Rivian Automotive, Intel Corp, Apple, or ConocoPhillips?
NEW YORK, Feb. 14, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for SPLK, RIVN, INTC, AAPL, and COP.
Feb 03, 2022 07:00 am ET
ConocoPhillips Reports Fourth-Quarter and Full-Year 2021 Results; Increases Planned 2022 Return of Capital to $8 Billion and Declares Quarterly Dividend and Variable Return of Cash Distribution
ConocoPhillips (NYSE: COP) today reported fourth-quarter 2021 earnings of $2.6 billion, or $1.98 per share, compared with a fourth-quarter 2020 loss of $0.8 billion, or ($0.72) per share. Excluding special items, fourth-quarter 2021 adjusted earnings were $3.0 billion, or $2.27 per share, compared with a fourth-quarter 2020 adjusted loss of $0.2 billion, or ($0.19) per share. Special items for the current quarter were primarily comprised of non-cash impairments related to the company’s existing investment in APLNG and noncore assets in Lower 48, partially offset by a gain on Cenovus Energy (CV
Feb 02, 2022 08:31 am ET
Thinking about trading options or stock in Xilinx, Alphabet, Nvidia, Qualcomm, or ConocoPhillips?
NEW YORK, Feb. 2, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for XLNX, GOOGL, NVDA, QCOM, and COP.
Jan 28, 2022 08:31 am ET
Thinking about trading options or stock in Apple, General Electric, Netflix, Corning, or ConocoPhillips?
NEW YORK, Jan. 28, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AAPL, GE, NFLX, GLW, and COP.
Jan 19, 2022 08:31 am ET
Thinking about trading options or stock in Bank of America, Unilever, Freeport-McMoRan, Caterpillar, or ConocoPhillips?
NEW YORK, Jan. 19, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BAC, UL, FCX, CAT, and COP.
Jan 18, 2022 08:31 am ET
Thinking about trading options or stock in Electronic Arts, Roblox, ConocoPhillips, EOG Resources, or Tesla?
NEW YORK, Jan. 18, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for EA, RBLX, COP, EOG, and TSLA.
Jan 10, 2022 08:31 am ET
Thinking about trading options or stock in BioMarin Pharmaceutical, Dell Technologies, Apple, ConocoPhillips, or Kroger?
NEW YORK, Jan. 10, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for BMRN, DELL, AAPL, COP, and KR.
Dec 16, 2021 05:01 pm ET
ConocoPhillips to Hold Fourth-Quarter Earnings Conference Call on Thursday, Feb. 3
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Feb. 3, 2022, at 12:00 p.m. Eastern time to discuss fourth-quarter 2021 financial and operating results. The company’s financial and operating results will be released before the market opens on Feb. 3.
Dec 08, 2021 09:22 am ET
ConocoPhillips Announces Agreement to Sell Indonesia Assets for $1.355 Billion and Provides Notice that it is Exercising its Preemption Right to Purchase Up to an Additional 10% Shareholding Interest
ConocoPhillips (NYSE: COP) today announced two transactions intended to core up the important Asia-Pacific segment of its diverse global portfolio.
Dec 06, 2021 08:31 am ET
Thinking about trading options or stock in Apple, ConocoPhillips, Kohl's, Electronic Arts, or AMC Entertainment?
NEW YORK, Dec. 6, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AAPL, COP, KSS, EA, and AMC.
Dec 06, 2021 08:00 am ET
ConocoPhillips Announces Preliminary 2022 Capital Expenditures Budget; Initiates Three-Tier Returns of Capital Program and Declares Quarterly Variable Cash Distribution
ConocoPhillips (NYSE: COP) today announced several updates that highlight the company’s differentiated value proposition. This announcement follows the recent closing of the company’s acquisition of Shell’s Permian Basin properties on Dec. 1 for net cash of $8.6 billion.
Dec 01, 2021 04:15 pm ET
ConocoPhillips Announces Completion of All-Cash Permian Asset Acquisition
ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Shell Enterprises LLC’s prolific Delaware basin position for $9.5 billion in cash. After customary closing adjustments, cash paid for the acquisition is approximately $8.6 billion, with an effective date of July 1, 2021. The assets include ~225,000 net acres and producing properties located entirely in Texas, as well as over 600 miles of operated crude, gas and water pipelines and infrastructure. Estimated 2022 production from these assets is expected to be approximately 200 MBOED, roughly half of which is oper
Nov 02, 2021 07:00 am ET
ConocoPhillips Announces Third-Quarter 2021 Financial and Operational Results
ConocoPhillips (NYSE: COP) today reported third-quarter 2021 earnings of $2.4 billion, or $1.78 per share, compared with a third-quarter 2020 loss of $0.5 billion, or ($0.42) per share. Excluding special items, third-quarter 2021 adjusted earnings were $2.4 billion, or $1.77 per share, compared with a third-quarter 2020 adjusted loss of $0.3 billion, or ($0.31) per share. Special items for the current quarter included a contingent payment from Cenovus associated with the 2017 Canadian disposition and a non-cash impairment credit, partially offset by a loss on asset sales and transaction and re
Sep 26, 2021 08:12 am ET
CONCHO DEADLINE ALERT: Faruqi & Faruqi LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Concho To Contact Him Directly To Discuss The
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Concho Resources, Inc. (“Concho” or the “Company”) (NYSE: COP) and reminds investors of the September 28, 2021 deadline to seek the role of lead...
Sep 22, 2021 03:00 pm ET
ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Tuesday, Nov. 2
ConocoPhillips (NYSE: COP) will host a conference call webcast on Tuesday, Nov. 2, 2021, at 12:00 p.m. Eastern time to discuss third-quarter 2021 financial and operating results. The company’s financial and operating results will be released before the market opens on Nov. 2.
Sep 21, 2021 10:50 am ET
Thinking about trading options or stock in Draftkings, Merck, ConocoPhillips, Walgreens Boots Alliance, or MGM Resorts?
NEW YORK, Sept. 21, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DKNG, MRK, COP, WBA, and MGM.
Sep 20, 2021 04:55 pm ET
ConocoPhillips Announces Significant Enhancement to Multi-Year Plan with All-Cash Permian Asset Acquisition; Increases Ordinary Dividend; Improves 2030 Emissions Intensity Reduction Target
ConocoPhillips (NYSE: COP) today announced several actions to further enhance its compelling, distinctive investment proposition. The actions are consistent with the company’s financial framework, its stated capital allocation priorities and its commitment to playing a valued role in the energy transition. Materials describing today’s actions are provided at
Sep 20, 2021 11:00 am ET
Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Concho Resources Inc. (CXO)
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming September 28, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Concho Resources Inc. ("Concho"...
Sep 10, 2021 10:00 am ET
Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Concho Resources Inc. (CXO)
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming September 28, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Concho Resources Inc. ("Concho"...
Sep 02, 2021 12:22 pm ET
Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Concho Resources Inc. (CXO)
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming September 28, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Concho Resources Inc. ("Concho"...
Sep 01, 2021 05:47 pm ET
ConocoPhillips Supports Hurricane Ida Relief Efforts
ConocoPhillips (NYSE: COP) announced today disaster relief donations of $500,000 to be allocated between the American Red Cross and local United Way organizations to support relief efforts in Louisiana from Hurricane Ida. The company will also match donations from ConocoPhillips’ U.S. employees.
Aug 29, 2021 08:12 am ET
CONOCO/CONCHO DEADLINE ALERT: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $50,000 In Conoco/Concho To Contact Him Directly To Discuss Their Opt
Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against ConocoPhillips/Concho Resources, Inc. (“Conoco/Concho” or the “Company”) (NYSE: COP) and reminds investors of the September 28, 2021 deadline to...
Aug 24, 2021 01:00 pm ET
Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Concho Resources Inc. (CXO)
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming September 28, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Concho Resources Inc. ("Concho"...
Aug 04, 2021 01:00 pm ET
INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Concho Resources Inc. (CXO) Investors
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Concho Resources Inc. (“Concho” or the “Company”) (NYSE: CXO) common stock between February 21, 2018 and July 31, 2019, inclusive (the “Class Period”). Concho investors have until September 28, 2021 to file a lead plaintiff motion.
Aug 03, 2021 07:00 am ET
ConocoPhillips Delivers Strong Second-Quarter 2021 Financial and Operational Results Following Recent 10-Year Market Update
ConocoPhillips (NYSE: COP) today reported second-quarter 2021 earnings of $2.1 billion, or $1.55 per share, compared with second-quarter 2020 earnings of $0.3 billion, or $0.24 per share. Excluding special items, second-quarter 2021 adjusted earnings were $1.7 billion, or $1.27 per share, compared with a second-quarter 2020 adjusted loss of $1.0 billion, or ($0.92) per share. Special items for the current quarter included a gain on Cenovus Energy shares and a contingent payment from Cenovus associated with the 2017 Canadian disposition, partially offset by corporate expenses.
Jul 13, 2021 11:33 am ET
ConocoPhillips Announces Quarterly Dividend
ConocoPhillips (NYSE: COP) announced today a quarterly dividend of 43 cents per share, payable Sept. 1, 2021, to stockholders of record at the close of business on July 26, 2021.
Jul 01, 2021 11:00 am ET
ConocoPhillips to Hold Second-Quarter Earnings Conference Call on Tuesday, Aug. 3
ConocoPhillips (NYSE: COP) will host a conference call webcast on Tuesday, Aug. 3, 2021, at 12:00 p.m. Eastern time to discuss second-quarter 2021 financial and operating results. The company’s financial and operating results will be released before the market opens on Aug. 3.
Jun 30, 2021 08:00 am ET
ConocoPhillips Market Update Reaffirms Commitment to Disciplined, Returns-Focused Strategy with Compelling 2022-2031 Plan
ConocoPhillips (NYSE: COP) will host a market update today to reaffirm its commitment to the disciplined, returns-focused strategy it launched in 2016. The company will outline details of a compelling 2022-2031 operating and financial plan that reflects numerous transformational activities undertaken over the past 18 months, most notably the acquisition of Concho.
Jun 15, 2021 11:00 am ET
ConocoPhillips to Host Market Update June 30
ConocoPhillips (NYSE: COP) will host a virtual market update on Wednesday, June 30 beginning at 9:00 a.m. Central time. The meeting will feature presentations by ConocoPhillips executives, including Chairman and Chief Executive Officer Ryan Lance.
May 04, 2021 07:00 am ET
ConocoPhillips Reports First-Quarter 2021 Results; Declares Quarterly Dividend; Announces Debt-Reduction Plan and Intention to Begin Sales of Cenovus Shares with Proceeds to Fund Incremental Buybacks;
ConocoPhillips (NYSE: COP) today reported first-quarter 2021 earnings of $1.0 billion, or $0.75 per share, compared with a first-quarter 2020 loss of $1.7 billion, or ($1.60) per share. Excluding special items, first-quarter 2021 adjusted earnings were $0.9 billion, or $0.69 per share, compared with first-quarter 2020 adjusted earnings of $0.5 billion, or $0.45 per share. Special items for the current quarter included an unrealized gain on Cenovus Energy shares and a gain associated with the Australia-West divestiture following the buyer’s final investment decision on the Barossa development p
Mar 31, 2021 08:30 am ET
ConocoPhillips Provides Preliminary First-Quarter 2021 Operational and Financial Update; Reaffirms Full-Year 2021 Capital of $5.5 Billion and Production of 1.5 Million Barrels of Oil Equivalent per Da
ConocoPhillips (NYSE: COP) today provided information regarding preliminary first-quarter 2021 operational and financial updates as well as certain full-year 2021 guidance items. The information discussed herein reflects the combined company following the close of the Concho transaction in January. Final first-quarter results will be reported on May 4.
Mar 10, 2021 08:00 am ET
ConocoPhillips 2021 Share Repurchase Program of $1.5 Billion Underway
ConocoPhillips (NYSE: COP) today announced that it resumed its share repurchase program at an annualized level of $1.5 billion, a 50% increase compared to the level of repurchases underway in the fourth quarter of 2020 when the program was suspended due to the Concho transaction. The company expects to execute the program ratably across all four quarters in 2021. Based on the company’s current outlook for 2021 commodity prices, this level of share repurchases, combined with the ordinary dividend, reflects its long-standing priority to return greater than 30% of cash from operations to sharehol
Feb 25, 2021 08:00 am ET
ConocoPhillips Announces Matt Fox to Retire After 35 Years with the Company
ConocoPhillips (NYSE: COP) today announced the retirement of Matt Fox as executive vice president and chief operating officer after a successful 35-year career with the company. The retirement is effective on May 1, 2021.
Feb 02, 2021 07:00 am ET
ConocoPhillips Reports Fourth-Quarter and Full-Year 2020 Results; Announces Quarterly Dividend
ConocoPhillips (NYSE: COP) today reported a fourth-quarter 2020 loss of $0.8 billion, or ($0.72) per share, compared with fourth-quarter 2019 earnings of $0.7 billion, or $0.65 per share. Excluding special items, fourth-quarter 2020 adjusted earnings were a loss of $0.2 billion, or ($0.19) per share, compared with fourth-quarter 2019 adjusted earnings of $0.8 billion, or $0.76 per share. Special items for the current quarter were primarily due to non-cash impairments related to the Alaska North Slope Gas asset and non-core assets in Lower 48, in addition to exploration-related expenses in Othe
Jan 15, 2021 05:39 pm ET
Trimble Set to Join S&P 500; YETI Holdings to Join S&P MidCap 400; Hilltop Holdings to Join S&P SmallCap 600
NEW YORK, Jan. 15, 2021 /PRNewswire/ -- S&P MidCap 400 constituent Trimble Inc. (NASD:TRMB) will replace Concho Resources Inc. (NYSE:CXO) in the S&P 500, S&P SmallCap 600 constituent YETI Holdings Inc. (NYSE:YETI) will replace Trimble in the S&P MidCap 400, and Hilltop Holdings Inc. (NYSE:HTH) will replace YETI Holdings in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, January 21. S&P 500/100 constituent ConocoPhillips (NYSE: COP) acquired Concho Resources in a deal completed today.
Jan 15, 2021 11:56 am ET
ConocoPhillips Completes Acquisition of Concho Resources
ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (“Concho”) (NYSE: CXO) following approval by shareholders of both companies.
Jan 14, 2021 08:48 pm ET
ConocoPhillips Announces Extension of the Expiration Date for Exchange Offers and Consent Solicitations
ConocoPhillips (NYSE: COP) today announced the extension of the expiration date of the offers to eligible holders to exchange (each, an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by Concho Resources Inc. (“Concho”) as set forth in the table below (the “Existing Concho Notes”) for (1) up to $3,900,000,000 aggregate principal amount of new notes to be issued by ConocoPhillips and fully and unconditionally guaranteed by ConocoPhillips Company (the “New ConocoPhillips Notes”) and (2) cash, and related consent solicitations by Concho (each, a “Con
Jan 12, 2021 11:42 am ET
AM Best Affirms Credit Ratings of Sooner Insurance Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Sooner Insurance Company (Sooner) (Colchester, VT). The outlook of these Credit Ratings (ratings) is stable.
Dec 22, 2020 02:30 am ET
ConocoPhillips Announces Significant Oil Discovery in the Norwegian Sea
ConocoPhillips (NYSE: COP) today announced a new oil discovery in production license 891 on the Slagugle prospect located 14 miles north-northeast of the Heidrun Field in the Norwegian Sea. ConocoPhillips Skandinavia AS is operator of the license with 80 percent working interest. Pandion Energy AS is license partner with 20 percent working interest.
Dec 21, 2020 08:30 am ET
ConocoPhillips Announces Results of Early Participation in Exchange Offers and Consent Solicitations and Amendment to Exchange Offers
ConocoPhillips (NYSE: COP) today announced that, in connection with the previously announced offers to eligible holders to exchange (each, an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by Concho Resources Inc. (“Concho”) as set forth in the table below (the “Existing Concho Notes”) for (1) up to $3,900,000,000 aggregate principal amount of new notes issued by ConocoPhillips and fully and unconditionally guaranteed by ConocoPhillips Company (the “New ConocoPhillips Notes”) and (2) cash, and related consent solicitations by Concho (each, a “Con
Dec 17, 2020 11:00 am ET
ConocoPhillips to Hold Fourth-Quarter Earnings Conference Call on Tuesday, Feb. 2
ConocoPhillips (NYSE: COP) will host a conference call webcast on Tuesday, Feb. 2, 2021, at 12:00 p.m. Eastern time to discuss fourth-quarter 2020 financial and operating results. The company’s financial and operating results will be released before the market opens on Feb. 2.
Dec 10, 2020 11:06 am ET
Moore Kuehn Encourages EIGI, COP, XLNX, and GV Investors to Contact Law Firm
Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whether the following proposed mergers are fair to shareholders.   Moore Kuehn may seek...
Dec 07, 2020 04:10 pm ET
ConocoPhillips Commences Exchange Offers and Concho Resources Inc. Commences Consent Solicitations
ConocoPhillips (NYSE: COP) today announced that, in connection with the anticipated acquisition of Concho Resources Inc. (“Concho”) (NYSE: CXO) by ConocoPhillips, ConocoPhillips has commenced offers to eligible holders to exchange (each an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by Concho as set forth in the table below (the “Existing Concho Notes”) for (1) up to $3,900,000,000 aggregate principal amount of new notes issued by ConocoPhillips and fully and unconditionally guaranteed by ConocoPhillips Company (the “New ConocoPhillips Notes”)
Nov 11, 2020 08:30 am ET
ConocoPhillips Announces Significant Gas Discovery Offshore Norway
ConocoPhillips (NYSE: COP) today announced a new gas condensate discovery in production license 1009 located 22 miles northwest of the Heidrun Field and 150 miles from the coast of Norway in the Norwegian Sea. ConocoPhillips Skandinavia AS is operator of the license with 65 percent working interest. PGNiG Upstream Norway AS holds 35 percent working interest.
Nov 03, 2020 11:00 am ET
ConocoPhillips Continues Advancing Optimized Cascade® Process Capability by Offering New Operational and Control Technologies
ConocoPhillips (NYSE: COP) today announced the introduction of four innovations that will further enhance the functionality of its proprietary Optimized Cascade natural gas liquefaction process or OCP™ technology, which is currently licensed in 27 processing trains worldwide. In response to growth in the global LNG market and changes in industry contracting practices, the company is introducing new operational and control products designed to improve overall efficiency, enhance flexibility and reduce process costs.
Oct 29, 2020 07:00 am ET
ConocoPhillips Reports Third-Quarter 2020 Results and Operational Results
ConocoPhillips (NYSE: COP) today reported a third-quarter 2020 loss of $0.5 billion, or ($0.42) per share, compared with third-quarter 2019 earnings of $3.1 billion, or $2.74 per share. Excluding special items, third-quarter 2020 adjusted earnings were a loss of $0.3 billion, or ($0.31) per share, compared with third-quarter 2019 adjusted earnings of $0.9 billion, or $0.82 per share. Special items for the current quarter were primarily due to an unrealized loss on Cenovus Energy equity, partially offset by a favorable outcome from pending claims and settlements.
Oct 19, 2020 04:09 pm ET
CONCHO ALERT: Bragar Eagel & Squire, P.C. Investigates Sale of CXO and Encourages Investors to Contact the Firm
Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Concho Resources Inc. (NYSE: CXO) breached their fiduciary duties or violated the federal securities...
Oct 19, 2020 01:56 pm ET
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Concho Resources
NEW YORK, Oct. 19, 2020 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Concho Resources (NYSE: CXO) and its board of directors concerning the proposed acquisition of the company by ConocoPhillips (NYSE: COP). Stockholders will receive 1.46 shares of ConocoPhillips common stock for each share of Concho Resources stock that they hold. The transaction is valued at approximately $9.7 billion and is expected to close in the first quarter of 2021.
Oct 19, 2020 10:30 am ET
SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Concho Resources Inc. Merger
Rigrodsky & Long, P.A. announces that it is investigating Concho Resources Inc. (“Concho”) (NYSE: CXO) regarding possible breaches of fiduciary duties and other violations of law related to Concho’s agreement to be acquired by ConocoPhillips (NYSE:...
Oct 19, 2020 09:28 am ET
(CXO): Johnson Fistel Investigates Proposed Sale of Concho Resources; Are Shareholders Getting a Fair Deal?
SAN DIEGO, Oct. 19, 2020 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Concho Resources (NYSE: CXO) ("Concho" or the "Company") breached their fiduciary duties in connection with the proposed sale of the Company to ConocoPhillips (NYSE: COP).  
Oct 19, 2020 07:00 am ET
ConocoPhillips to Acquire Concho Resources in All-Stock Transaction
ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. Under the terms of the transaction, which has been unanimously approved by the board of directors of each company, each share of Concho Resources (Concho) common stock will be exchanged for a fixed ratio of 1.46 shares of ConocoPhillips common stock, representing a 15 percent premium to closing share prices on October 13. The transaction combines two high-quality industry leaders to create a company with an approximatel
Oct 09, 2020 02:39 pm ET
ConocoPhillips Announces Increase in Quarterly Dividend
ConocoPhillips (NYSE: COP) today announced an increase in its quarterly dividend from 42 cents per share to 43 cents per share. The dividend is payable on Dec. 1, 2020, to stockholders of record at the close of business on Oct. 19, 2020.
Sep 30, 2020 08:30 am ET
ConocoPhillips Provides Preliminary Third-Quarter 2020 Operational and Financial Update and Announces Intent to Resume Share Repurchases of $1 Billion During the Fourth Quarter of 2020
ConocoPhillips (NYSE: COP) today provided information regarding certain preliminary third-quarter 2020 operational and financial updates. Final third-quarter results will be reported on Oct. 29.
Sep 17, 2020 12:00 pm ET
ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Thursday, Oct. 29
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Oct. 29 at 12:00 p.m. Eastern time to discuss third-quarter 2020 financial and operating results. The company’s financial and operating results will be released before the market opens on Oct. 29.
Sep 08, 2020 09:00 am ET
ConocoPhillips Appoints Eric Mullins to its Board of Directors
ConocoPhillips (NYSE: COP) today announced that its board of directors has elected Mr. Eric Mullins to serve as a board member.
Aug 21, 2020 02:30 pm ET
ConocoPhillips Completes Previously Announced Montney Acquisition
ConocoPhillips (NYSE: COP) today announced that it has completed the previously announced transaction to acquire additional Montney acreage in Canada from Kelt Exploration Ltd. Cash consideration for the transaction was approximately $390 million at current foreign exchange rates and is subject to customary post-closing adjustments. The company also assumed approximately $30 million in financing obligations for associated partially owned infrastructure. The company now has 295,000 net acres in the Montney with 100 percent working interest.
Jul 30, 2020 07:00 am ET
ConocoPhillips Reports Second-Quarter 2020 Results
ConocoPhillips (NYSE: COP) today reported second-quarter 2020 earnings of $0.3 billion, or $0.24 per share, compared with second-quarter 2019 earnings of $1.6 billion, or $1.40 per share. Excluding special items, second-quarter 2020 adjusted earnings were a loss of $1.0 billion, or ($0.92) per share, compared with second-quarter 2019 adjusted earnings of $1.1 billion, or $1.01 per share. Special items for the current quarter were primarily due to a realized gain on the completion of the Australia-West divestiture and an unrealized gain on Cenovus Energy equity. Cash provided by operating activ
Jul 22, 2020 04:30 pm ET
ConocoPhillips Announces Agreement to Acquire Liquids-Rich Montney Acreage from Kelt Exploration Ltd.
ConocoPhillips (NYSE: COP) today announced it has signed a definitive agreement to acquire additional Montney acreage in Canada from Kelt Exploration Ltd. for cash consideration of approximately $375 million before customary adjustments, plus the assumption of approximately $30 million in financing obligations for associated partially owned infrastructure.
Jul 08, 2020 12:58 pm ET
ConocoPhillips Announces Quarterly Dividend of 42 Cents Per Share
ConocoPhillips (NYSE: COP) announced today a quarterly dividend of 42 cents per share, payable Sept. 1, 2020, to stockholders of record at the close of business on July 20, 2020.
Jun 30, 2020 08:30 am ET
ConocoPhillips Provides Update on Production Curtailment Activities
ConocoPhillips (NYSE: COP) today announced its estimated production curtailment impacts for the second quarter of 2020 and provided comments on future curtailments.
Jun 09, 2020 04:09 pm ET
ConocoPhillips to Hold Second-Quarter Earnings Conference Call on Thursday, July 30
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, July 30 at 12:00 p.m. Eastern time to discuss second-quarter 2020 financial and operating results. The company’s financial and operating results will be released before the market opens on July 30.
May 27, 2020 09:56 pm ET
ConocoPhillips Completes Sale of Interests in Australia-West
ConocoPhillips (NYSE: COP) today announced the completion of the sale of its subsidiaries that hold its Australia-West assets and operations to Santos. The total consideration for the sale is unchanged; however, in connection with the closing, ConocoPhillips and Santos agreed to restructure the payments such that $125 million of the originally announced $1.39 billion upfront cash payment would be allocated toward a payment due upon final investment decision of the proposed Barossa development project. This brings the total due to ConocoPhillips upon a final investment decision to $200 million.
May 20, 2020 08:00 am ET
ConocoPhillips Announces Don E. Wallette, Jr. to Retire After 39 Years with the Company
ConocoPhillips (NYSE: COP) today announced the retirement of Don E. Wallette, Jr. as executive vice president and chief financial officer after a successful 39-year career with the company. Wallette’s retirement is effective on Aug. 31, 2020.
Apr 30, 2020 07:00 am ET
ConocoPhillips Reports First-Quarter 2020 Results; Announces Quarterly Dividend and Additional Curtailments
ConocoPhillips (NYSE: COP) today reported a first-quarter 2020 loss of $1.7 billion, or ($1.60) per share, compared with first-quarter 2019 earnings of $1.8 billion, or $1.60 per share. Excluding special items, first-quarter 2020 adjusted earnings were $0.5 billion, or $0.45 per share, compared with first-quarter 2019 adjusted earnings of $1.1 billion, or $1.00 per share. Special items for the current quarter were primarily driven by an unrealized loss on Cenovus Energy equity and price-driven non-cash impairments.
Apr 16, 2020 08:30 am ET
ConocoPhillips to Voluntarily Curtail 225,000 Gross Barrels of Oil Per Day; Reduces 2020 Cash Uses by Additional $3 Billion for Total Reduction of Over $5 Billion
ConocoPhillips (NYSE: COP) announced today that it is taking further actions to respond to the oil market downturn. These follow initial actions announced on March 18.
Mar 18, 2020 08:30 am ET
ConocoPhillips Responds to Recent Oil Market Downturn
ConocoPhillips (NYSE: COP) announced today that it is taking several actions in response to the recent oil market downturn.
Mar 09, 2020 12:00 pm ET
ConocoPhillips to Hold First-Quarter Earnings Conference Call on Thursday, April 30
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, April 30, 2020 at 12:00 p.m. Eastern time to discuss first-quarter 2020 financial and operating results. The company’s financial and operating results will be released before the market opens on April 30.
Mar 05, 2020 08:30 am ET
ConocoPhillips Completes Sale of Two Lower 48 Assets
ConocoPhillips (NYSE: COP) announced today the completion of two transactions to sell its Niobrara and Waddell Ranch assets to undisclosed buyers.
Mar 03, 2020 08:30 am ET
ConocoPhillips Appoints Two New Members to Its Board of Directors
ConocoPhillips (NYSE: COP) announced today that its board of directors has elected Mr. David T. Seaton and Mr. Al Walker to serve as board members.
Feb 04, 2020 07:00 am ET
ConocoPhillips Reports Fourth-Quarter and Full-Year 2019 Results; Announces Preliminary 2019 Year-End Reserves, Quarterly Dividend and Increase in Existing Share Repurchase Authorization to $25 Billio
ConocoPhillips (NYSE: COP) today reported fourth-quarter 2019 earnings of $0.7 billion, or $0.65 per share, compared with fourth-quarter 2018 earnings of $1.9 billion, or $1.61 per share. Excluding special items, fourth-quarter 2019 adjusted earnings were $0.8 billion, or $0.76 per share, compared with fourth-quarter 2018 adjusted earnings of $1.3 billion, or $1.13 per share. Special items for the current quarter included primarily a non-cash impairment related to a planned Lower 48 disposition, partially offset by an unrealized gain on Cenovus Energy equity.
Dec 12, 2019 11:00 am ET
ConocoPhillips to Hold Fourth-Quarter Earnings Conference Call on Tuesday, Feb. 4
ConocoPhillips (NYSE: COP) will host a conference call webcast on Tuesday, Feb. 4, 2020 at 12:00 p.m. Eastern Time to discuss fourth-quarter 2019 financial and operating results. The company’s financial and operating results will be released before the market opens on Feb. 4.
Nov 19, 2019 08:45 am ET
ConocoPhillips Analyst & Investor Meeting Reaffirms Commitment to Disciplined, Returns-Focused Strategy; Company Outlines Compelling 2020-2029 Plan
ConocoPhillips (NYSE: COP) is hosting an Analyst & Investor Meeting today to reaffirm its commitment to the disciplined, returns-focused strategy it launched in 2016. The company will outline the details of a 2020-2029 operating and financial plan, and will provide region and asset reviews of its global portfolio.
Nov 15, 2019 09:32 am ET
AM Best Affirms Credit Ratings of Sooner Insurance Company
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” of Sooner Insurance Company (Sooner) (Colchester, VT). The outlook of these Credit Ratings (ratings) remains stable.
Nov 06, 2019 12:00 pm ET
ConocoPhillips to Host Analyst & Investor Meeting Nov. 19
ConocoPhillips (NYSE: COP) will host its 2019 Analyst & Investor Meeting on Tuesday, Nov. 19, 2019 beginning at 8:00 a.m. Central time in Houston. The meeting will feature presentations by ConocoPhillips executives, including Chairman and Chief Executive Officer Ryan Lance.
Oct 30, 2019 09:31 am ET
Thinking about trading options or stock in ConocoPhillips, Facebook, Goldman Sachs, Coca-Cola, or Roku?
NEW YORK, Oct. 30, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for COP, FB, GS, KO, and ROKU.
Oct 29, 2019 07:00 am ET
ConocoPhillips Reports Third-Quarter 2019 Results; Returns-Focused Value Proposition Continues to Deliver
ConocoPhillips (NYSE: COP) today reported third-quarter 2019 earnings of $3.1 billion, or $2.74 per share, compared with third-quarter 2018 earnings of $1.9 billion, or $1.59 per share. Excluding special items, third-quarter 2019 adjusted earnings were $0.9 billion, or $0.82 per share, compared with third-quarter 2018 adjusted earnings of $1.6 billion, or $1.36 per share. Special items for the current quarter were primarily due to a gain realized on the completed United Kingdom (U.K.) divestiture.
Oct 13, 2019 05:32 pm ET
ConocoPhillips Announces Agreement to Sell Interests in Australia-West for $1.39 Billion
ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell the subsidiaries that hold its Australia-West assets and operations to Santos for $1.39 billion, plus customary closing adjustments. In addition, the company will also receive a payment of $75 million upon final investment decision of the Barossa development project. The subsidiaries hold the company’s 37.5 percent interest in the Barossa project and Caldita Field, its 56.9 percent interest in the Darwin LNG facility and Bayu-Undan Field, its 40 percent interest in the Poseidon Field, and its 50 percent interes
Oct 08, 2019 09:31 am ET
Thinking about trading options or stock in Analog Devices, ConocoPhillips, JPMorgan Chase, Microsoft, or Tesla?
NEW YORK, Oct. 8, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ADI, COP, JPM, MSFT, and TSLA.
Oct 07, 2019 08:30 am ET
ConocoPhillips Announces 38 Percent Increase in Quarterly Dividend; Expects to Repurchase $3 Billion of Shares in 2020; Reiterates Continued Commitment to Return More Than 30 Percent of Cash From Oper
ConocoPhillips (NYSE: COP) today announced an increase in its quarterly dividend of 38 percent, to 42 cents per share. This represents an annualized increase in the dividend of approximately $500 million. The dividend is payable Dec. 2, 2019, to stockholders of record at the close of business on Oct. 17, 2019. The company also announced that it expects to repurchase $3 billion of its shares in 2020.
Sep 30, 2019 08:30 am ET
ConocoPhillips Completes $2.7 Billion Sale of United Kingdom E&P Subsidiaries
ConocoPhillips (NYSE: COP) today completed its previously announced transaction to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together, the subsidiaries indirectly held the company’s exploration and production assets in the U.K., as well as approximately $1.8 billion in asset retirement obligations. Proceeds will be used for general corporate purposes.
Sep 17, 2019 09:31 am ET
Thinking about buying stock in Aclaris Therapeutics, Alder Biopharmaceuticals, Capricor Therapeutics, Canopy Growth, or ConocoPhillips?
NEW YORK, Sept. 17, 2019 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for ACRS, ALDR, CAPR, CGC, and COP.
Aug 26, 2019 12:00 pm ET
ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Tuesday, Oct. 29
ConocoPhillips (NYSE: COP) will host a conference call webcast on Tuesday, Oct. 29, 2019 at 12:00 p.m. eastern time to discuss third-quarter 2019 financial and operating results. The company’s financial and operating results will be released before the market opens on Oct. 29.
Jul 30, 2019 07:00 am ET
ConocoPhillips Reports Second-Quarter 2019 Results; Delivered Strong Free Cash Flow and Financial Returns; Raised 2019 Planned Share Buybacks
ConocoPhillips (NYSE: COP) today reported second-quarter 2019 earnings of $1.6 billion, or $1.40 per share, compared with second-quarter 2018 earnings of $1.6 billion, or $1.39 per share. Excluding special items, second-quarter 2019 adjusted earnings were $1.1 billion, or $1.01 per share, compared with second-quarter 2018 adjusted earnings of $1.3 billion, or $1.09 per share. Special items for the current quarter were primarily driven by a financial tax benefit related to the previously announced U.K. disposition, settlement of certain tax disputes, and amounts recognized from the PDVSA Intern
Jul 11, 2019 08:00 am ET
ConocoPhillips Announces Quarterly Dividend
ConocoPhillips (NYSE: COP) today announced a quarterly dividend of 30.5 cents per share, payable Sept. 3, 2019, to stockholders of record at the close of business on July 22, 2019.
May 20, 2019 12:45 pm ET
ConocoPhillips to Hold Second-Quarter Earnings Conference Call on Tuesday, July 30
ConocoPhillips (NYSE: COP) will host a conference call webcast on Tuesday, July 30, 2019 at 12:00 p.m. EDT to discuss second-quarter 2019 financial and operating results. The company’s financial and operating results will be released before the market opens on July 30.
May 01, 2019 08:30 am ET
ConocoPhillips Announces Quarterly Dividend
ConocoPhillips (NYSE: COP) today announced a quarterly dividend of 30.5 cents per share, payable June 3, 2019, to stockholders of record at the close of business on May 13, 2019.
Apr 30, 2019 07:00 am ET
ConocoPhillips Reports First-Quarter 2019 Results; Operating Plan Continues to Deliver Strong Free Cash Flow and Returns to Shareholders
ConocoPhillips (NYSE: COP) today reported first-quarter 2019 earnings of $1.8 billion, or $1.60 per share, compared with first-quarter 2018 earnings of $0.9 billion, or $0.75 per share. Excluding special items, first-quarter 2019 adjusted earnings were $1.1 billion, or $1.00 per share, compared with first-quarter 2018 adjusted earnings of $1.1 billion, or $0.96 per share. Special items for the current quarter included an unrealized gain on Cenovus Energy equity, recognition of deferred revenue, and amounts recognized from the PDVSA International
Apr 18, 2019 08:00 am ET
ConocoPhillips Announces Agreement to Sell United Kingdom E&P Subsidiaries
ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together, the subsidiaries indirectly hold the company’s exploration and production assets in the U.K., as well as associated decommissioning liabilities. ConocoPhillips will retain its London-based commercial trading business and its 40.25 percent interest in and operatorship of the Teesside oil terminal. Proceeds from this
Apr 15, 2019 10:03 pm ET
ConocoPhillips Closes Sale of Its Interest in Greater Sunrise Fields
ConocoPhillips (NYSE: COP) today announced it has completed the previously announced transaction to sell its 30 percent interest in the Greater Sunrise Fields to the government of Timor-Leste for $350 million plus customary adjustments.
Apr 15, 2019 11:00 am ET
ConocoPhillips to Hold First-Quarter Earnings Conference Call on Tuesday, April 30
ConocoPhillips (NYSE: COP) will host a conference call webcast on Tuesday, April 30, 2019 to discuss first-quarter 2019 financial and operating results. The call is now scheduled for 1:00 p.m. EDT. The company’s financial and operating results will be released before the market opens on April 30.
Apr 09, 2019 12:00 pm ET
ConocoPhillips to Hold First-Quarter Earnings Conference Call on Tuesday, April 30
ConocoPhillips (NYSE: COP) will host a conference call webcast on Tuesday, April 30, 2019 at 12:00 p.m. EDT to discuss first-quarter 2019 financial and operating results. The company’s financial and operating results will be released before the market opens on April 30.
Apr 08, 2019 05:52 am ET
KBR Adds BHGE to Development of Mid-Scale LNG Reference Design, Announces Broader Collaboration for LNG Solutions
HOUSTON, April 8, 2019 /PRNewswire/ -- KBR, Inc. (NYSE: KBR) announced today that it has selected Baker Hughes, a GE company (NYSE: BHGE), as part of the ongoing development of KBR's standardized mid-scale Liquefied Natural Gas (LNG) design. The design utilizes ConocoPhillips' (NYSE: COP) Optimized Cascade® technology as part of a broader partnership previously announced by KBR and COP.
Mar 25, 2019 07:45 am ET
Investor Expectations to Drive Momentum within CVS Health, KKR & Co., ConocoPhillips, MetLife, Rockwell Automation, and Norfolk Southern — Discovering Underlying Factors of Influence
In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders, and shareholders of CVS Health Corporation (NYSE:CVS), KKR & Co. Inc. (NYSE:KKR), ConocoPhillips...
Mar 08, 2019 01:05 pm ET
International Arbitration Tribunal Orders Venezuela to Pay ConocoPhillips $8.7 Billion for Unlawful Expropriation of Company’s Oil Investments
ConocoPhillips (NYSE: COP) announced today that an international arbitration tribunal constituted under the auspices of the International Centre for Settlement of Investment Disputes (ICSID) has unanimously ordered the government of Venezuela to pay the company the amount of $8.7 billion in compensation for the government’s unlawful expropriation of ConocoPhillips’ investments in Venezuela in 2007, plus interest.
Feb 21, 2019 08:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Supply Chain Index
DALLAS, Feb. 21, 2019 /PRNewswire/ -- Cushing® Asset Management, LP, and Swank Capital, LLC, announce today the upcoming rebalancing of The Cushing® Energy Supply Chain Index (the "Index") as part of normal index operations. After the markets close on February 28, 2019, the constituents of the Index will be rebalanced, and the following changes will become effective on March 1, 2019:
Feb 15, 2019 04:15 pm ET
ConocoPhillips Recommends Rejection of Below-Market Mini-Tender Offer by Baker Mills LLC
ConocoPhillips (NYSE: COP) today announced that it has received notice of an unsolicited mini-tender offer by Baker Mills LLC (Baker Mills) to purchase up to 50,000 shares of ConocoPhillips common stock from the stockholders of ConocoPhillips. The offer represents approximately 0.004 percent of the outstanding shares of ConocoPhillips common stock. The offer price of $55.00 per share is approximately 16.99 percent lower than the $66.26 closing share price of ConocoPhillips common stock on the New York Stock Exchange on Feb. 8, 2019, the last tra
Jan 31, 2019 07:00 am ET
ConocoPhillips Reports Fourth-Quarter and Full-Year 2018 Results; Announces Preliminary 2018 Year-End Reserves
ConocoPhillips (NYSE: COP) today reported fourth-quarter 2018 earnings of $1.9 billion, or $1.61 per share, compared with fourth-quarter 2017 earnings of $1.6 billion, or $1.32 per share. Excluding special items, fourth-quarter 2018 adjusted earnings were $1.3 billion, or $1.13 per share, compared with fourth-quarter 2017 adjusted earnings of $0.5 billion, or $0.45 per share. Special items for the current quarter included a gain from the sale of a partial interest in the United Kingdom Clair Field, deferred tax adjustments and amounts recognized
Jan 30, 2019 01:15 pm ET
ConocoPhillips Announces Quarterly Dividend
ConocoPhillips (NYSE: COP) today announced a quarterly dividend of 30.5 cents per share, payable March 1, 2019, to stockholders of record at the close of business on Feb. 11, 2019.
Jan 11, 2019 07:30 am ET
New Research Coverage Highlights Arthur J. Gallagher, Ultragenyx Pharmaceutical, Empire State Realty Trust, ConocoPhillips, Kilroy Realty, and NETGEAR — Consolidated Revenues, Company Growth, and Expe
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Arthur J. Gallagher & Co. (NYSE:AJG), Ultragenyx Pharmaceutical Inc....
Jan 10, 2019 11:00 am ET
ConocoPhillips to Hold Fourth-Quarter Earnings Conference Call on Thursday, Jan. 31
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Jan. 31, 2019 at 12:00 p.m. EST to discuss fourth-quarter and full-year 2018 financial and operating results. The company’s financial and operating results will be released before the market opens on Jan. 31.
Dec 21, 2018 08:02 am ET
Cushing® Asset Management and Swank Capital Announce Rebalancing of The Cushing® Energy Supply Chain Index
DALLAS, Dec. 21, 2018 /PRNewswire/ -- Swank Capital, LLC, and Cushing® Asset Management, LP, announce today the upcoming rebalancing of The Cushing® Energy Supply Chain Index (the "Index") as part of normal index operations. After the markets close on December 31, 2018, the constituents of the Index will be rebalanced, and the following changes will become effective on January 2, 2019:
Dec 18, 2018 10:15 am ET
ConocoPhillips Closes Sale of 16.5 Percent Interest in Clair Field in United Kingdom and Acquisition of Additional 39.2 Percent Interest in Greater Kuparuk Area in Alaska
ConocoPhillips (NYSE: COP) today completed its previously announced sale to BP of a ConocoPhillips subsidiary that holds a 16.5 percent interest in the BP-operated Clair Field for an undisclosed price. ConocoPhillips retains a 7.5 percent interest in the field.
Dec 10, 2018 07:30 am ET
ConocoPhillips Announces 2019 Capital Budget and Operating Plan; Recent Oil Price Volatility Highlights Investment Appeal of Company’s Differentiated Value Proposition
ConocoPhillips (NYSE: COP) today announced its 2019 capital expenditure budget and operating plan. The operating plan reflects the company’s ongoing commitment to free cash flow generation, differentiated payout to shareholders and superior financial returns through business cycles. The 2019 operating plan is expected to continue driving underlying improvement in return on capital employed. Key highlights are:
Nov 01, 2018 08:00 am ET
ConocoPhillips Closes Sale of Barnett Assets
ConocoPhillips (NYSE: COP) today announced the completion of its previously announced transaction to sell its Barnett assets to Lime Rock Resources for approximately $230 million plus net customary adjustments.
Nov 01, 2018 07:35 am ET
Analysis: Positioning to Benefit within Waste Connections, Timken Steel, Tootsie Roll Industries, VALE S.A, Coca-Cola, and ConocoPhillips — Research Highlights Growth, Revenue, and Consolidated Result
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Waste Connections, Inc. (NYSE:WCN), Timken Steel Corporation (NYSE:TMST),...
Oct 31, 2018 08:00 am ET
ConocoPhillips Announces Executive Leadership Retirement and Realignment
ConocoPhillips (NYSE: COP) today announced the retirement of Al Hirshberg as executive vice president, Production, Drilling and Projects after more than 35 years of industry service, including eight years with ConocoPhillips. In conjunction with Hirshberg’s retirement, the company also announced the realignment of executive leadership responsibilities, as follows:
Oct 25, 2018 07:00 am ET
ConocoPhillips Reports Third-Quarter 2018 Results; Disciplined, Returns-Focused Plan On Track
ConocoPhillips (NYSE: COP) today reported third-quarter 2018 earnings of $1.9 billion, or $1.59 per share, compared with third-quarter 2017 earnings of $0.4 billion, or $0.34 per share. Excluding special items, third-quarter 2018 adjusted earnings were $1.6 billion, or $1.36 per share, compared with third-quarter 2017 adjusted earnings of $0.2 billion, or $0.16 per share. Special items for the current quarter were primarily for amounts recognized from the PDVSA arbitration settlement, partially offset by unrealized losses on Cenovus Energy equit
Oct 05, 2018 01:45 pm ET
ConocoPhillips Announces Increase in Quarterly Dividend
ConocoPhillips (NYSE: COP) today announced a quarterly dividend of 30.5 cents per share, an increase of 7 percent, payable Dec. 3, 2018, to stockholders of record at the close of business on Oct. 15, 2018.
Oct 05, 2018 12:00 pm ET
ConocoPhillips Appoints Admiral William McRaven to Its Board of Directors
ConocoPhillips (NYSE: COP) today announced that its board of directors has elected Admiral William H. McRaven to serve as a board member.
Oct 04, 2018 11:00 am ET
ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Thursday, Oct. 25
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Oct. 25, 2018 at 12:00 p.m. EDT to discuss third-quarter 2018 financial and operating results. The company’s financial and operating results will be released before the market opens on Oct. 25.