Source: Houston Chronicle Houston’s ConocoPhillips reported a nearly $3.1 billion quarterly profit on Tuesday that spiked more than 60 percent from a year prior, but the big jump benefited from about $2 billion in proceeds from the recent sale of its North Sea business in the United Kingdom. The largest independent oil and gas producer said its adjusted earnings minus the asset
“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 value proposition to be “the new order.” ConocoPhillips published its “New Order” value proposition for 2019. Source: COP “We
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 production can “comfortably” continue its strong growth over the next few years, in spite of hold-ups caused by a shortage
