Operator · Barnett Shale, Cardium Shale & Duvernay Shale
ConocoPhillips
80 articles mentioning ConocoPhillips · Page 1 of 4
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the matter. The discussions are in the early stages,...
ConocoPhillips to divest Anadarko Basin asset for $1.3B
ConocoPhillips (“COP”) agreed to sell an Anadarko Basin position for $1.3 billion. The package was part of the Marathon Oil assets COP picked up and is now carving out as it sharpens focus on core returns....
ConocoPhillips First Quarter 2023 Results
ConocoPhillips announced first quarter 2023 results. Highlights Delivered record company and Lower 48 production of 1,792 thousand barrels of oil equivalent per day (MBOED) and 1,036 MBOED, respectively. Distributed $3.2 billion to shareholders through a three-tier...
ConocoPhillips Fourth Quarter, Full Year 2022 Results; IDs $11B 2023 Capex
ConocoPhillips reported its fourth quarter and full year 2022 results. It also detailed its 2023 capital outlook. Outlook The company's 2023 total capital expenditure guidance is $10.7 to $11.3 billion, which includes $9.1 to $9.3 billion...
ConocoPhillips Third Quarter 2022 Results
ConocoPhillips reported its third quarter 2022 results. The company 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...
ConocoPhillips Adds Former Avangrid Inc. CEO to Board
ConocoPhillips announced that its board of directors has elected Mr. Dennis V. Arriola to serve as a board member. About Arriola: Mr. Arriola has spent more than 28 years in the energy sector, most recently serving...
ConocoPhillips Second Quarter 2022 Results; $5.1 Billion in Earnings
ConocoPhillips reported its second quarter 2022 results. 2Q Overview The company 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...
ConocoPhillips First Quarter 2022 Results
ConocoPhillips reported its first quarter 2022 results. Conoco 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...
ConocoPhillips Promotes Leach to CEO Advisory Role
ConocoPhillips 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...
ConocoPhillips Finalizes Sale of Indonesian Assets to MedcoEnergi for $1.355B
ConocoPhillips 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...
Conoco Seals $1.4B Deal with Origin for Australia Pacific LNG Interest
ConocoPhillips 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...
ConocoPhillips Fourth Quarter, Full Year 2021 Results
ConocoPhillips reported its fourth quarter and full year 2021 results. The company 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....
ConocoPhillips Bolsters Spending by 30% for 2022; Bets Bulk on Lower 48
ConocoPhillips has detailed its 2022 capital plan on the heels of closing its multi-billion dollar acquisition of Shell's Permian assets. 2022 Plans - Capital Budget: $7.2 billion - up 31% from $5.5 billion in spending for...
ConocoPhillips Seals Multi-Billion Dollar Deal for Shell's Permian Portfolio
ConocoPhillips has completed its acquisition of Shell Enterprises LLC's prolific Delaware basin position for $8.6 billion in cash (adjusted from $9.5 billion prior to closing). The assets include ~225,000 net acres and producing properties located entirely...
ConocoPhillips Third Quarter 2021 Results
ConocoPhillips reported its Q3 2021 results. Conoco 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...
ConocoPhillips First Quarter 2021 Results
ConocoPhillips reported its first quarter 2021 results. Conoco 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...
ConocoPhillips COO Fox to Retire
ConocoPhillips 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. Fox began his career with...
ConocoPhillips Fourth Quarter, Full Year 2020 Results
ConocoPhillips reported its 4Q and full year 2020 results. Conoco 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...
Conoco Touts New North Sea Discovery; 75-200 MMBOE Potential
ConocoPhillips 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. Preliminary estimates place the size of the discovery between 75...
CNOOC-Conoco JV Penglai Project Begins Production Offshore China
CNOOC Limited announced that Penglai 25-6 oilfield area 3 project has commenced production ahead of schedule. CNOOC Limited holds a 51% interest in Penglai 25-6 oilfield area 3 project and acts as the operator. Subsidiaries of...