Post Tagged with: "ConocoPhillips"
ConocoPhillips signs 20-year LNG agreement from Mexican terminal
(Bloomberg) – ConocoPhillips agreed to a long-term deal to buy liquefied natural gas from an export terminal being developed on Mexico’s west coast. Under a 20-year agreement, ConocoPhillips will buy approximately 2.2 million tons of LNG annually from …
ConocoPhillips announces cash tender offer for up to $750 million of debt securities
HOUSTON – 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, …
ConocoPhillips reports first quarter 2023 results; raises full year production guidance midpoint and declares quarterly dividend and variable return of cash distribution
HOUSTON–(BUSINESS WIRE)–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 …
ConocoPhillips wins ruling to continue work on $8 billion “Willow” oil project
(Bloomberg) – A federal judge in Alaska denied a bid by environmentalists and an indigenous group to block ConocoPhillips from opening a gravel mine and conducting other work at its $8 billion Willow oil project in the state.…
Alaska condemns restrictions on Alaskan oil drilling project by Biden administration
(Bloomberg) – Alaska’s senators sharply condemned any potential Biden administration move to authorize ConocoPhillips’ $8 billion Willow oil project with restrictions so onerous it wouldn’t be viable, warning that would be seen as a rejection — and an …
Biden backs scaled-down drilling plan for ConocoPhillips’ Alaska oil project
(Bloomberg) — The Biden administration telegraphed it could support a scaled-back drilling plan at ConocoPhillips’s proposed Willow project in northwest Alaska, even as it cited “substantial concerns” with the oil development and warned of further restrictions to limit …
ConocoPhillips joins rivals with bumper profit on higher energy prices
ConocoPhillips said on Thursday profit more than doubled to $18.7 billion in 2022, the highest since the company spun off its refining business in 2012, as the oil producer benefited from stronger prices on tight supplies and robust …
U.S. oil giants Exxon Mobil, Chevron and ConocoPhillips challenged over ‘secretive’ tax practices
Oxfam on Monday filed shareholder resolutions against U.S. oil giants Exxon Mobil, Chevron and ConocoPhillips, saying a lack of transparency over their global tax practices poses a material risk for long-term investors.
The international relief charity said …
Eni to join Exxon, Total, Shell, Conoco in Qatar’s mega-LNG expansion – sources
HOUSTON – Italian producer Eni has been picked, along with another four oil majors, by Qatar as partners in the near $30 billion expansion of the world’s largest liquefied natural gas (LNG) project, people with knowledge of the
Santos dispute with ConocoPhillips snags Alaska oil project, stake sale
Australia’s Santos Ltd. is locked in a dispute with ConocoPhillips over road access in Alaska, potentially holding up a $3 billion oil project, according to letters from both companies to the U.S. state’s government.
The dispute could also …
ConocoPhillips CEO says a decision to drill more today won’t see oil flowing for up to a year
ConocoPhillips CEO Ryan Lance told CNBC on Tuesday that a decision now to start drilling for new oil will not bring immediate relief to the elevated prices seen around the globe.
Lance’s comments, made in an interview on “TechCheck,”…
Higher energy prices drive ConocoPhillips’ quarterly profit beat
U.S. oil producer ConocoPhillips topped market estimates for fourth-quarter profit on Thursday and boosted its plan for shareholder returns by $1 billion, as it benefited from sharply higher oil and gas prices.
Easing of global travel restrictions and tight …
WPC 2021: ConocoPhillips CEO says U.S. government holds back oil supply
(Bloomberg) –In the debate over why U.S. oil producers haven’t added additional supply, the boss of ConocoPhillips lays the blame squarely with the government.
An increasingly bitter war of words has developed between the Biden administration, which has …
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; schedules midyear market update
ConocoPhillips (NYSE: COP) today reported first-quarter 2021 earnings of $1.0 billion, …
…ConocoPhillips sees higher Q1 output, warns of profit hit from unwinding hedges
ConocoPhillips said on Wednesday its first-quarter results will benefit from higher oil prices and output, while warning of a $600 million profit hit from its recent acquisition of Concho Resources and related commodity price hedges.
Higher oil prices and
Court order delays construction at ConocoPhillips’ Alaska project
ANCHORAGE, Alaska – A weekend court ruling has temporarily blocked winter construction at a huge ConocoPhillips oil project on Alaska’s North Slope.
U.S. District Court Judge Sharon Gleason issued an order Saturday barring ConocoPhillips from starting planned gravel mining …
ConocoPhillips reports fourth-quarter and full-year 2020 results; announces quarterly dividend
The 2020 results discussed herein reflect the performance of ConocoPhillips prior to the acquisition of Concho, which closed in January 2021.
ConocoPhillips (NYSE: COP) today reported a fourth-quarter 2020 loss of $0.8 billion, or ($0.72) per …
ConocoPhillips posts worse loss than feared on oil price plunge, shares fall
ConocoPhillips reported a wider-than-expected loss on Thursday, as coronavirus-induced lockdowns sapped demand for fuel and crushed crude prices, sending shares of the world’s largest independent oil and gas producer down nearly 9%.
The pandemic brought travel and other businesses …
ConocoPhillips to bring back some curtailed production
ConocoPhillips said on Tuesday it would bring back some of the curtailed production in July, joining a growing list of oil producers turning on the taps months after a plunge in demand slammed the brakes on drilling.
U.S. shale …
Oil drops 2%, snapping five-day winning streak in volatile trading session
Oil prices dropped on Wednesday, snapping a five-session winning streak, as oversupply concerns outweighed optimism over economies reopening.
West Texas Intermediate, the U.S. benchmark, shed 2.3%, or 57 cents, to settle at $23.99 per barrel. In a volatile …
US oil shut-ins in numbers: Expect at least 300,000 barrels per day shut during May and June
US oil production of at least 300,000 oil barrels per day (bpd) will be shut during May and June, according to a Rystad Energy analysis of early communication from US oil producers. It is unclear how much of …
Half of announced North American oil cuts come from just three companies
Numerous U.S. and Canadian oil companies have said they are reducing output in 2020, but a Reuters analysis of the announcements so far show that just three companies – Chevron, ConocoPhillips and Occidental Petroleum – account for more than …
ConocoPhillips’ fourth-quarter profit plunges by 60%
ConocoPhillips’ fourth-quarter profit declined by more than 60 percent, to $720 million from $1.9 billion in the same period last year, amid weaker oil prices and production outputs.
Revenue during the quarter dropped by more than 20 percent …
ConocoPhillips sets capital spending at less than $7B a year through 2029
ConocoPhillips said Tuesday it aims to keep its capital spending at an average of less than $7 billion per year through 2029, including selling a 25 percent stake in its large Alaska business in order to keep costs …
Big Oil majors looking to sell $27 billion in assets worldwide
Source: Houston Chronicle
The Big Oil majors aim to unload about $27 billion in oil and gas assets worldwide in order to cut costs and focus spending on their core projects.
U.S. giants Exxon Mobil and Chevron for instance are …