ConocoPhillips – Page 3

ConocoPhillips beats profit forecast as production hits record high

February 8, 2024

Oil Price ConocoPhillips (NYSE: COP) reported on Thursday consensus-beating earnings for the fourth quarter of 2023, driven by record oil and gas production. The U.S. oil and gas company booked fourth-quarter 2023 adjusted earnings of $2.9 billion, or $2.40 per share. This, although lower than in Q4 2022, easily beat the analyst consensus estimate of $2.09 per share. Full-year 2023 adjusted earnings were $10.6

Exclusive: ConocoPhillips weighs CrownRock bid to challenge rivals

October 26, 2023

Yahoo Finance NEW YORK – ConocoPhillips is considering an offer for CrownRock LP, an energy producer in the west Texas area of the Permian basin, people familiar with the matter said, as consolidation in the sector picks up pace. Houston-based Conoco, the largest U.S. oil and gas producer after Exxon Mobil Corp and Chevron Corp, has expressed interest in

ConocoPhillips signs 20-year LNG agreement from Mexican terminal

August 4, 2023

World Oil (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 Mexico Pacific Limited LLC, the companies said in a statement Thursday. The facility in Sonora will cost an estimated

ConocoPhillips announces cash tender offer for up to $750 million of debt securities

May 9, 2023

BOE Report 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, the “Notes” and each a “Series” of Notes) having an aggregate purchase price (excluding accrued interest) of up to $750.0 million (the “Maximum Aggregate

ConocoPhillips reports first quarter 2023 results; raises full year production guidance midpoint and declares quarterly dividend and variable return of cash distribution

May 4, 2023

BOE Report 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 earnings of $4.3 billion, or $3.27 per share. “Our first quarter results are a clear demonstration of the durable, returns-focused value proposition that we

ConocoPhillips wins ruling to continue work on $8 billion “Willow” oil project

April 5, 2023

World Oil (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. The order Monday from U.S. District Judge Sharon Gleason gives ConocoPhillips a green light to continue initial operations during a

Alaska condemns restrictions on Alaskan oil drilling project by Biden administration

February 15, 2023

World Oil (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 unacceptable blow to residents across the nation’s largest state. Source: Reuters “They damn well better not kill the project,” Republican

Biden backs scaled-down drilling plan for ConocoPhillips’ Alaska oil project

February 3, 2023

World Oil (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 its impact on wildlife and the climate. In an environmental review released Wednesday, the US Interior Department says it prefers an oil

ConocoPhillips joins rivals with bumper profit on higher energy prices

February 2, 2023

Yahoo Finance 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 demand. Global crude oil prices climbed 10.45% in 2022, thanks to a surge in demand from economies rebounding after the

U.S. oil giants Exxon Mobil, Chevron and ConocoPhillips challenged over ‘secretive’ tax practices

November 22, 2022

CNBC 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 the companies’ tax practices undermine the public’s interest in a fair tax system — especially in Global South countries “with the greatest tax revenue needs.” “Exxon,

Eni to join Exxon, Total, Shell, Conoco in Qatar’s mega-LNG expansion – sources

June 8, 2022

Yahoo Finance 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 matter said on Wednesday. Exxon Mobil Corp, TotalEnergies SE, Shell, ConocoPhillips and Eni will participate in the North Field expansion,

Santos dispute with ConocoPhillips snags Alaska oil project, stake sale

April 1, 2022

World Oil 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 delay Santos’s planned sale of its majority stake in the project, which could thwart its target of raising $2 billion

Premium Content