ConocoPhillips Company

ConocoPhillips today announced the completion of its previously announced transaction to sell its Barnett assets to Lime Rock Resources for approximately $230 million plus net customary adjustments. Proceeds from this transaction will be used for general corporate purposes. The company’s fourth-quarter 2018 guidance already reflects the impact of the sale. --- # # # --- About ConocoPhillips ConocoPhillips is the [...]

ConocoPhillips today announced the retirement of Al Hirshberg as executive vice president, Production, Drilling and Projects after more than 35 years of industry service, including eight years with ConocoPhillips. In conjunction with Hirshberg’s retirement, the company also announced the realignment of executive leadership responsibilities, as follows: Matt Fox, currently executive vice president, Strategy [...]

ConocoPhillips today reported third-quarter 2018 earnings of $1.9 billion, or $1.59 per share, compared with third-quarter 2017 earnings of $0.4 billion, or $0.34 per share. Excluding special items, third-quarter 2018 adjusted earnings were $1.6 billion, or $1.36 per share, compared with third-quarter 2017 adjusted earnings of $0.2 billion, or $0.16 per share. Special items for the current quarter were primarily for [...]

ConocoPhillips today announced a quarterly dividend of 30.5 cents per share, an increase of 7 percent, payable Dec. 3, 2018, to stockholders of record at the close of business on Oct. 15, 2018. “Today’s dividend action is consistent with our strong operational performance, our focus on margin and cash flow expansion, and our commitment to a differentiated returns-focused value proposition, under which we [...]

ConocoPhillips today announced that its board of directors has elected Admiral William H. McRaven to serve as a board member. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181005005392/en/ Admiral William H. McRaven Admiral McRaven, who retired from the U.S. Navy in 2014 after a 37-year career, is a nationally recognized authority on foreign policy who has [...]

ConocoPhillips will host a conference call webcast on Thursday, Oct. 25, 2018 at 12:00 p.m. EDT to discuss third-quarter 2018 financial and operating results. The company’s financial and operating results will be released before the market opens on Oct. 25. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor [...]

ConocoPhillips today announced it has entered into an agreement to sell to the government of Timor-Leste its 30 percent interest in the Greater Sunrise Fields. The total sales price of the transaction, which is conditioned on the government receiving funding approval from the Timor-Leste Council of Ministers and National Parliament, as well as regulatory approvals and partner pre-emption rights, is for $350 million, prior [...]

ConocoPhillips today announced that Ryan Lance, chairman and chief executive officer, will speak at the Barclays Global CEO Energy-Power Conference on Wednesday, September 5 at 9:45 a.m. EDT. Investors can access a live audio webcast of the presentation at www.conocophillips.com/investor. An archived replay, presentation slides and a transcript of the webcast will be available shortly after the presentation [...]

ConocoPhillips announced today that it has entered into a settlement agreement with Petróleos de Venezuela, S.A. , the Venezuelan state-owned oil company, to recover approximately $2 billion, the full amount awarded to ConocoPhillips by an arbitral tribunal constituted under the rules of the International Chamber of Commerce , plus interest through the payment period. PDVSA has agreed to recognize the ICC judgment [...]

ConocoPhillips today announced it has entered into an agreement to sell its interests in the Barnett shale play to Lime Rock Resources for approximately $230 million plus net customary adjustments. Proceeds from this transaction will be used for general corporate purposes. Production associated with the Barnett assets for the first half of 2018 averaged 9 thousand barrels of oil equivalent per day, of which approximately [...]