COP Archives - Oil & Gas 360

ConocoPhillips reports fouer and full-year 2020 results; announces quarterly dividend- oil and gas 360

ConocoPhillips reports fourth-quarter and full-year 2020 results; announces quarterly dividend

February 2, 2021

Oil and Gas 360 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 share, compared with fourth-quarter 2019 earnings of $0.7 billion, or $0.65 per share. Excluding special items, fourth-quarter 2020 adjusted earnings

ConocoPhillips Produces 1,224 MBOEPD, Nets $0.9 Billion

April 26, 2018

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 Libya was 45 MBOEPD. Conoco said that it grew year-over-year production in the Eagle Ford, Bakken and Delaware by 20%.

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

April 10, 2018

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) announced an acreage buy in British Columbia’s Montney play. ConocoPhillips Company acquired about 35,000 net acres in the Montney play

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

February 13, 2018

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 not confirm. ConocoPhillips sold the aging facility on Jan. 31 to Andeavor, which owns a crude oil refinery near the Nikiski

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

October 27, 2017

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; underlying production grew 19 percent on a production per debt-adjusted share basis Lowering full-year 2017 expected capital expenditures to $4.5 billion,

U.S. Energy Production is #1 – Will Technology Keep it There?

June 12, 2015

42 years after the Arab oil embargo knocked the U.S. for a loop, energy experts are cheering the fact that the U.S. is the world’s number one producer—but Harvard University’s business school sees “a real risk that American citizens, companies, and communities will fail to capitalize on this opportunity” At the University of Colorado-Denver’s Global Energy Management program’s 2015 “Energy Moving

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