Current COP Stock Info

COP adding 5 rigs in the Bakken and Eagle Ford in Q4 2016
The world’s largest independent E&P, ConocoPhillips (ticker: COP), reported a third-quarter 2016 net loss of $1.0 billion, or ($0.84) per share today.

But the company snagged its analysts’ attention in today’s conference call when executives disclosed that it had shifted capital from deepwater and large projects into two U.S. shale basins.

In its Q3 conference call COP executives said they are putting four rigs to work in the Eagle Ford and four in the Bakken in Q4 2016.


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