ConocoPhillips Company

ConocoPhillips today announced it has entered into an agreement to sell its interests in the Ursa and Europa Fields and Ursa Oil Pipeline Company LLC to Shell Offshore Inc. and Shell Pipeline Company LP, subsidiaries of Shell plc, for $735 million subject to customary closing adjustments. The transaction also includes an overriding royalty interest in the Ursa Field. Proceeds from this transaction will be used for general [...]

ConocoPhillips announced today that the Company has received exemptive relief from the applicable Canadian securities regulatory authorities regarding future filing requirements. The Company became a reporting issuer for Canadian securities law purposes by virtue of the acquisition of Marathon Oil Corp. in November 2024, which made the Company subject to Canadian continuous disclosure and other reporting obligations under [...]

ConocoPhillips today reported fourth-quarter 2024 earnings of $2.3 billion, or $1.90 per share, compared with fourth-quarter 2023 earnings of $3.0 billion, or $2.52 per share. Excluding special items, fourth-quarter 2024 adjusted earnings were $2.4 billion, or $1.98 per share, compared with fourth-quarter 2023 adjusted earnings of $2.9 billion, or $2.40 per share. Special items for the current quarter were primarily due [...]

ConocoPhillips will host a conference call webcast on Thursday, Feb. 6, 2025, at 12:00 p.m. Eastern time to discuss fourth-quarter 2024 financial and operating results as well as 2025 guidance items. The company's financial and operating results will be released before the market opens on Feb. 6. The accounting close date for the recently acquired Marathon Oil will be Dec. 1, 2024. To access the webcast, visit [...]

ConocoPhillips announced today the pricing terms of its previously announced cash tender offers of its wholly-owned subsidiary, ConocoPhillips Company to purchase: any and all of Marathon Oil Corp.'s debt securities listed in the first table below , and for Holders who validly tendered their Maximum Offer Notes as of the Early Tender Deadline , a combined aggregate purchase price of up to approximately $4.04 billion , the [...]

ConocoPhillips today announced that, in connection with the previously announced offers to eligible holders to exchange any and all outstanding notes issued by Marathon Oil Corp. as set forth in the table below for up to $4,000,000,000 aggregate principal amount of new notes issued by ConocoPhillips Company and fully and unconditionally guaranteed by COP , and related consent solicitations by Marathon to adopt certain [...]

ConocoPhillips announced today the early results of the previously announced cash tender offers of its wholly-owned subsidiary, ConocoPhillips Company . In addition, COP further announced that it has amended the Offers by increasing the Maximum Offer Reference Amount from $4,000,000,000 to an amount sufficient to accept for purchase all Notes with Acceptance Priority Levels 1-7 in full, in accordance with the terms of the [...]

ConocoPhillips announced today that ConocoPhillips Company , a wholly-owned subsidiary of COP, has commenced cash tender offers to purchase: any and all of Marathon Oil Corp.'s debt securities listed in the first table below , and for Holders who validly tender their Maximum Offer Notes on or prior to the Early Tender Deadline , a combined aggregate purchase price of up to $4,000,000,000 , the "Maximum Offer Reference [...]

ConocoPhillips today announced that, in connection with the acquisition of Marathon Oil Corp. by ConocoPhillips, ConocoPhillips Company has commenced offers to eligible holders to exchange any and all outstanding notes issued by Marathon as set forth in the table below for up to $4,000,000,000 aggregate principal amount of new notes issued by CPCo and fully and unconditionally guaranteed by COP . The following table sets [...]

ConocoPhillips announced that it has completed its acquisition of Marathon Oil. "This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework," said Ryan Lance, chairman and chief executive officer. "Marathon Oil adds high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position. We [...]