Post Tagged with: "ConocoPhillips"

ConocoPhillips Closes $350-Million Greater Sunrise Sale

ConocoPhillips Closes $350-Million Greater Sunrise Sale

ConocoPhillips Closes Sale of Its Interest in Greater Sunrise Fields

Venezuela Must Pay Conoco More Than $8 Billion: World Bank

Venezuela Must Pay Conoco More Than $8 Billion: World Bank

From Reuters

Venezuela must pay ConocoPhillips more than $8 billion to compensate for the 2007 expropriation of oil assets by the late socialist leader Hugo Chavez, the World Bank ruled on Friday, making the U.S. energy company the largest victor …

March 8, 2019 - 5:30 pm Closing Bell Story‎, Crude Oil News, Energy News
$70-per-Share ConocoPhillips Says Reject the $55-per-Share Mini-Tender Offer by Baker Mills

$70-per-Share ConocoPhillips Says Reject the $55-per-Share Mini-Tender Offer by Baker Mills

ConocoPhillips Recommends Rejection of Below-Market Mini-Tender Offer by Baker Mills LLC...

February 18, 2019 - 5:15 am Closing Bell Story‎, Finance, Press Releases
ConocoPhillips Reports Its First Annual Profit Since 2014

ConocoPhillips Reports Its First Annual Profit Since 2014

Earned $6.3 billion in 2018
The country’s largest independent E&P announced fourth quarter results today as ConocoPhillips (stock ticker: COP) ($COP) showed earnings of $1.9 billion, or $1.61 per share. The company earned a total of $6.3 billion in 2018,

New Oil Tech Adds Hundreds of Millions of Barrels to Alaska’s Oil Resources

New Oil Tech Adds Hundreds of Millions of Barrels to Alaska’s Oil Resources

From Hellenic Shipping News

Rapid technology advances are allowing explorers and producers in Alaska to add hundreds of millions of barrels of new resources to portfolios at a cost competitive with finding oil in the Lower 48 states.

Chief among …

ConocoPhillips Closes BP Asset Swap

ConocoPhillips Closes BP Asset Swap

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

December 18, 2018 - 10:15 am Closing Bell Story‎, Press Releases
The 2019 ConocoPhillips is Designed to Pull Investors Back onto the E&P Highway

The 2019 ConocoPhillips is Designed to Pull Investors Back onto the E&P Highway

“We no longer think of our value proposition as merely disciplined, we view it as the new order” – ConocoPhillips CEO Ryan Lance
The CEO of Houston-based oil and gas giant ConocoPhillips (stock ticker: COP) has declared his company’s 2019

Oil Majors Exxon, Chevron, Conoco, Shell Circling Private Permian Basin Operator Endeavor, Founding Family Considers IPO

Oil Majors Exxon, Chevron, Conoco, Shell Circling Private Permian Basin Operator Endeavor, Founding Family Considers IPO

From Investor’s Business Daily

Exxon Mobil (stock ticker: XOM), Chevron (stock ticker: CVX), ConocoPhillips (stock ticker: COP) and Royal Dutch Shell (stock ticker: RDSA) are reportedly interested in buying Endeavor Energy Resources, a privately held Permian Basin acreage holder.

Chevron …

November 13, 2018 - 2:59 pm Closing Bell Story‎, Energy News, Mergers & Acquisitions
ConocoPhillips Announces New CFO, COO

ConocoPhillips Announces New CFO, COO

ConocoPhillips Announces Executive Leadership Retirement and Realignment

October 31, 2018 - 10:00 am Closing Bell Story‎, Exploration and Production (E&P)
ConocoPhillips as Profitable Today as Q3 2014

ConocoPhillips as Profitable Today as Q3 2014

COP matches pre-downturn results despite 25% lower oil prices and 20% lower production
ConocoPhillips (ticker: COP) announced third quarter results today, showing net earnings of $1.9 billion, or $1.59 per share.

Conoco produced 1,224 MBOEPD in Q3, up 2% compared

ConocoPhillips Chooses General Counsel: Reports

ConocoPhillips Chooses General Counsel: Reports

From the Houston Business Journal

Houston-based ConocoPhillips (NYSE: COP) has selected Kelly Brunetti Rose, a Houston partner at Baker Botts LLP, as its new general counsel, according to media reports.

ConocoPhillips confirmed to Law360 that she’ll join the company in …

ConocoPhillips Parts with Barnett Shale for $230 million

ConocoPhillips Parts with Barnett Shale for $230 million

ConocoPhillips (NYSE: COP) announced it has entered into an agreement to sell its interests in the Barnett shale play to Lime Rock Resources for approximately $230 million.

Production associated with the Barnett assets for the first half of 2018 averaged …

ConocoPhillips Finds Up to a Billion Gross Barrels in Recent Alaskan Exploration

ConocoPhillips Finds Up to a Billion Gross Barrels in Recent Alaskan Exploration

COP holds 100% working interest

After adding more to its Alaskan portfolio, ConocoPhillips (NYSE:COP) has stated that its total of gross discovered resource has been estimated at 0.5-1.1 BBOE, with 100% working interest and 75% of the play yet to …

ConocoPhillips Swaps UK Interests for More of Alaska

ConocoPhillips Swaps UK Interests for More of Alaska

ConocoPhillips (NYSE: COP) announced that it has entered into an agreement to sell a ConocoPhillips subsidiary to BP for an undisclosed price. The subsidiary will hold a 16.5 percent interest in the BP-operated Clair Field, with ConocoPhillips retaining a 7.5 …

ConocoPhillips’ Lance Says Permian Pipeline Shortcoming Won’t be Long Term

ConocoPhillips’ Lance Says Permian Pipeline Shortcoming Won’t be Long Term

From Financial Times

Conoco’s step back from Permian Basin is temporary, CEO says

Lance predicts short-term pipeline bottlenecks will not curb US oil production growth

ConocoPhillips chief executive Ryan Lance: ‘We’re not trying to chase the cycle up’

US oil …

Judge Throws Out Calif. Cities’ Climate Change Suits against Five Oil Producers

Judge Throws Out Calif. Cities’ Climate Change Suits against Five Oil Producers

Northern California U.S. District Judge William Alsup has dismissed the climate change lawsuits filed against BP (NYSE: BP), Chevron (NYSE: CVX), ConocoPhillips (NYSE: COP), Exxon Mobil (NYSE: XOM), and Shell (NYSE: RDS.A)  by the cities of San Francisco and Oakland.…

June 26, 2018 - 3:31 pm Closing Bell Story‎, Law, Oil and Gas 360 Articles
Venezuela Eyes First-Ever Refining of Foreign Oil

Venezuela Eyes First-Ever Refining of Foreign Oil

From Reuters

Venezuela is considering producing fuels from foreign crude oil for the first time, according to planning documents seen by Reuters, as the country struggles to meet its obligations despite having the world’s largest crude reserves.

State-run oil company …

June 14, 2018 - 2:41 pm Closing Bell Story‎, Energy News, International
ConocoPhillips Prepares to Sell $2 Billion Cenovus Share

ConocoPhillips Prepares to Sell $2 Billion Cenovus Share

From Reuters

ConocoPhillips (COP.N) is preparing to offload its stake in Cenovus Energy Inc (CVE.TO), which it acquired as part of an asset sale to the Canadian oil and gas producer last year, people familiar with the matter told Reuters.…

June 4, 2018 - 6:25 pm Canada, Closing Bell Story‎, Energy News
ConocoPhillips Offers to Buy $1.75 Billion of its Notes

ConocoPhillips Offers to Buy $1.75 Billion of its Notes

MAY 23, 2018

HOUSTON – ConocoPhillips (NYSE: COP) announced today that ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company (“CPCo”) have commenced a cash tender offer (the “Tender Offer”) to purchase up to $1.75 billion in aggregate principal amount (the “Maximum …

May 24, 2018 - 8:05 am Closing Bell Story‎, Finance
ConocoPhillips Produces 1,224 MBOEPD, Nets $0.9 Billion

ConocoPhillips Produces 1,224 MBOEPD, Nets $0.9 Billion

ConocoPhillips Company (ticker: COP) reported first quarter 2018 earnings of $0.9 billion, or $0.75 per share. This compares to first quarter 2017 earnings of $0.6 billion, or $0.47 per share.

First quarter production, excluding Libya, was 1,224 MBOEPD. Production from …

ConocoPhillips Due $2.04 Billion from Venezuela: Tribunal

ConocoPhillips Due $2.04 Billion from Venezuela: Tribunal

Final and binding ICC award is for “Venezuela’s unlawful and uncompensated expropriation of ConocoPhillips’ investments”

ConocoPhillips (NYSE: COP) said that an international arbitration tribunal ruled it was due $2.04 billion from Petróleos de Venezuela, S.A. (PDVSA) and two of its …

ConocoPhillips Doubles Down in British Columbia’s Montney with 35,000-Acre Acquisition

ConocoPhillips Doubles Down in British Columbia’s Montney with 35,000-Acre Acquisition

Oil and gas investment in politically risky British Columbia

Just a few days before Kinder Morgan Canada said it would halt investment and construction on the Trans Mountain pipeline expansion due to political risk in British Columbia, ConocoPhillips (ticker: COP) …

ConocoPhillips Sold Kenai LNG Plant for ‘Bargain Price’, Local Mayor Says

ConocoPhillips Sold Kenai LNG Plant for ‘Bargain Price’, Local Mayor Says

From Anchorage Daily News 

The mayor of the Kenai Peninsula Borough said the mothballed Kenai LNG plant sold for $10 million, a figure that’s a fraction of the property’s assessed value and one that companies involved in the deal would …

February 13, 2018 - 1:53 pm Closing Bell Story‎, Energy News, LNG
Alaska Collects $21.2 Million from Dec. 6 Lease Sale, North Slope Nets $20 Million of Total

Alaska Collects $21.2 Million from Dec. 6 Lease Sale, North Slope Nets $20 Million of Total

Armstrong Energy, Repsol, ConocoPhillips among winning bidders

The State of Alaska held a record-breaking oil and gas North Slope lease sale on Dec. 6, netting competitive bids from investors around the world.

The Division of Oil and Gas reported that …

ConocoPhillips: We’ve Reduced the ‘Growth Money’ Spend – the $17 Billion We Used to Spend Back in 2014

ConocoPhillips: We’ve Reduced the ‘Growth Money’ Spend – the $17 Billion We Used to Spend Back in 2014

ConocoPhillips (ticker: COP), the world’s largest independent E&P company, reported its Q3 financial results yesterday.

Q3 2017 Summary

  • Achieved Q3 production excluding Libya of 1,202 MBOED; 1.4 percent year-over-year underlying production growth excluding the impact of closed or signed dispositions;
With Big Players Come Big Rig Counts: XOM, COP, CVX Report Q2

With Big Players Come Big Rig Counts: XOM, COP, CVX Report Q2

In the past two days ExxonMobil Corporation (ticker: XOM), Chevron Corporation (ticker: CVX), and ConocoPhillips (ticker: COP) all reported second quarter earnings and gave operational updates.

ExxonMobil

ExxonMobil earned $3.4 billion in Q2, which brought the company’s earnings for the …

Elk Petroleum to Acquire Freeport-McMoRan’s Wyoming Gas and CO2 Production Assets

Elk Petroleum to Acquire Freeport-McMoRan’s Wyoming Gas and CO2 Production Assets

Elk secures second largest CO2 supply source in Wyoming for CO2 EOR; profitable production of ~3,400 BOEPD (20 MMSCFD+) 

Freeport-McMoRan has sold another group of oil and gas assets. Australia’s Elk Petroleum Ltd (ticker: ELK) has entered into a purchase …

ConocoPhillips May Sell Kenai LNG plant

From  Alaska Dispatch News

ConocoPhillips said Thursday it’s in the “initial stages” of trying to sell its plant on the Kenai Peninsula that for nearly 50 years liquefied natural gas from Cook Inlet for export to overseas markets.

The company, …

November 18, 2016 - 9:22 am Closing Bell Story‎, Energy News, LNG
ConocoPhillips Re-gears Company for $50 Breakeven Oil Price

ConocoPhillips Re-gears Company for $50 Breakeven Oil Price

ConocoPhillips: we can manage cycles without chasing them

ConocoPhillips (ticker: COP) held an analyst and investor meeting Thursday outlining the company’s goals moving into 2017 and beyond. COP – the 13th largest oil and gas company in the world

ConocoPhillips Shifts Capital into the Bakken and Eagle Ford in a Late 2016 Move

ConocoPhillips Shifts Capital into the Bakken and Eagle Ford in a Late 2016 Move

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 …