Operator · Barnett Shale, Cardium Shale & Duvernay Shale
ConocoPhillips
80 articles mentioning ConocoPhillips · Page 3 of 4
ConocoPhillips Reports Q3 2019 Results
ConocoPhillips 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...
Conoco Finalizes $2.7B Sale of UK Assets to Harbour / Chrysaor
ConocoPhillips has finalized its sale of its two ConocoPhillips United Kingdom (U.K.) subsidiaries to Chrysaor E&P Limited for $2.675 billion. Chrysaor is a subsidiary of Harbour Energy Ltd. Click here to access the deal in Shale...
Conoco Officially Discontinues Louisiana Austin Chalk Ops
ConocoPhillips reported that it has discontinued exploration activities in the Central Louisiana Austin Chalk trend. This comes after the company announced that its results in the play were disappointing. The company will record approximately $120 million...
Louisiana Austin Chalk Wells Disappoint; Little Options Remain
ConocoPhillips' new Louisiana Austin Chalk asset isn't what the company was hoping for, according to a report by the Houston Chronicle. The exploratory wells it has drilled in the area thus far have not been what...
ConocoPhillips Reports Q2 2019 Results
ConocoPhillips 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...
Conoco Keeps Capex Flat at $6.1B for 2019
ConocoPhillips has reported its 2019 capital plan as well as its Q4 2018 summary. 2019 Plans - 2019 Capex: $6.1 billion - this is flat from 2018 - 2019 Production Guidance: 1,300-1,350 BOEPD The company's 2019...
Conoco Keeping Spending Flat for 2019 Based on $40+ WTI; Eyes 8% Production Growth
ConocoPhillips has detailed its 2019 capital budget and operating plan. Spending will be relatively flat from 2018 at $6.1 billion. Key highlights are: - Planned 2019 capital expenditures of $6.1 billion result in free cash flow...
Conoco Shuffles Management Team; Names New CFO, COO
ConocoPhillips 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...
Conoco Adds Retired US Naval Officer to Board
ConocoPhillips announced that its board of directors has elected Admiral William H. McRaven to serve as a board member. Admiral McRaven will serve on the board's Audit and Finance Committee and Human Resources and Compensation Committee....
ConocoPhillips Signs $2.0B Settlement Agreement With PDVSA
ConocoPhillips has entered into a settlement agreement with Petróleos de Venezuela, S.A. (PDVSA), the Venezuelan state-owned oil company, to recover approximately $2 billion, the full amount awarded to ConocoPhillips by an arbitral tribunal constituted under the...
Conoco Ups 2018 Budget on Higher WTI Price; Touts 37% YOY Output Jump from Lower 48
ConocoPhillips reported its Q2 2018 results. Increased 2018 Budget Conoco has increased its 2018 capex to $6 billion (up +9% from $5.5 billion). This is a reflection of a higher $65 WTI per barrel price environment...
Conoco Talks 'Transformed' Alaska Biz; Preps for 'Active' 2019 Exploration
ConocoPhillips updated its operating plan for Alaska. Recently, the company added to its Alaskan portfolio via an acquisition of additional Kapuruk assets from BP. Resource Highlights: Captured net resource of 2.0 billion barrels of oil equivalent...
Conoco Adds New Independent Director to Board
ConocoPhillips announced that its board of directors has elected Mr. Jeffrey A. Joerres to serve as a board member. The appointment of Mr. Joerres increases the number of ConocoPhillips directors to 11, of which 10 are...
Conoco's Q1 Production Flat from 4Q17; Touts Entry into Austin Chalk
ConocoPhillips reported its Q1 2018 results including Eagle Ford shale, Bakken shale, Delaware Basin, Alaska drilling and production activity as well as acquisitions in the Canada Montney and South Texas Austin Chalk play.
Conoco Touts Drilling Success at Alaska's North Slope; Six Wells Drilled
Conoco has wrapped up its 2018 winter exploration program in Alaska. The company's original plan was to drill five wells on the Western North Slope comprising two appraisal wells of the Willow Discovery announced in January...
Conoco Reveals Q1 2018 Deal Activity; Sales, Acquisitions
Conoco reported deal activity in Q1 2018 including in the Austin Chalk, Permian, South Texas and Montney.
Conoco Sees Financials Rebound in 2017; IDs 2018 Budget, Guidance
Conoco reported its Q4 and full year 2017 results as well as its 2018 outlook. 2018 Outlook 2018 Capex: $5.5 billion (up +22% from $4.5 billion spent in 2017) Production: Full-year 2018 production is expected to...
Conoco Produces 1,202 MBOEPD in Q3; Financial Results, Ops Update
Conoco has reported its Q3 2017 results. Highlights from its release / conference call include: In the Lower 48, 12 operated drilling rigs were running in the Eagle Ford, Bakken, and Delaware unconventional areas. Q3 Production...
Conoco's Eagle Ford Output Returns to Pre-Harvey Rates; Guidance Unchanged
Conoco's Eagle Ford production has returned to pre-Harvey rates of 130 MBOEPD. The company's guidance for Q3 and the full year of 2017 remains unchanged.
Conoco Dials Down 2017 Spending After Shedding $16B+ in Assets; Ups Rig Count
Conoco reported its Q2 2017 results. Highlights from its release / conference call include: Guidance Lowered Due to Asset Sell Off - Slightly lowered 2017 capex to $4.8 billion (down -4% from $5 billion) as well...