ConocoPhillips Company

ConocoPhillips’ (NYSE: COP) wholly owned subsidiary, Burlington Resources Inc., received an arbitration award of $380 million from an international arbitration tribunal, constituted under the International Centre for the Settlement of Investment Disputes (ICSID), for Ecuador’s unlawful expropriation of Burlington’s significant investment in breach of the U.S.-Ecuador bilateral investment treaty [...]

ConocoPhillips (NYSE: COP) today reported a fourth-quarter 2016 net loss of $35 million, or ($0.03) per share, compared with a fourth-quarter 2015 net loss of $3.5 billion, or ($2.78) per share. Excluding special items, fourth-quarter 2016 adjusted earnings were a net loss of $318 million, or ($0.26) per share, compared with a fourth-quarter 2015 adjusted net loss of $1.1 billion, or ($0.90) per share. Special items for [...]

ConocoPhillips (NYSE: COP) today announced that its board of directors has raised the company’s quarterly dividend to 26.5 cents per share, an increase of 6 percent. The dividend is payable on March 1, 2017, to stockholders of record at the close of business on Feb. 14, 2017. “Today’s announced 6 percent increase in our quarterly dividend rate is consistent with our priorities and an important part of [...]

ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Feb. 2, 2017, at 12:00 p.m. EST to discuss fourth-quarter and full-year 2016 financial and operating results. The company’s earnings will be released before the market opens on Feb. 2. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor [...]

ConocoPhillips (NYSE: COP) today announced it has completed its planned 2016 asset dispositions. The proceeds from these dispositions are being used for debt reduction, share repurchases and general corporate purposes. The company generated approximately $1.3 billion of proceeds from asset dispositions in 2016. Approximately $0.8 billion of these proceeds will be recorded in the fourth quarter, primarily reflecting the [...]

ConocoPhillips (NYSE: COP) will hold an Analyst and Investor Meeting today to outline the company’s strategy and discuss several planned actions for accelerating the company’s value proposition of a strong balance sheet, growing dividend and disciplined growth. These actions include an initial $3 billion share repurchase program and the initiation of a $5 to $8 billion divestiture program, which will focus [...]

ConocoPhillips (NYSE: COP) will hold its 2016 Analyst & Investor Meeting on Thursday, Nov. 10, 2016 at 9:00 a.m. EST in New York City. The meeting will feature presentations by ConocoPhillips executives, including Chairman and Chief Executive Officer Ryan Lance. Among other items, the meeting will include an overview of the company’s business strategy and value proposition, cash allocation priorities, and diverse [...]

ConocoPhillips (NYSE: COP) today announced it has completed a transaction for the sale of its shares in ConocoPhillips Senegal BV, which holds a 35 percent interest in three exploration blocks offshore Senegal. The total sales price of the transaction, which is between the subsidiaries of ConocoPhillips and Australia’s Woodside Petroleum Ltd. (ASX: WPL), was approximately $440 million, including net customary [...]

ConocoPhillips (NYSE: COP) today reported a third-quarter 2016 net loss of $1.0 billion, or ($0.84) per share, compared with a third-quarter 2015 net loss of $1.1 billion, or ($0.87) per share. Excluding special items, third-quarter 2016 adjusted earnings were a net loss of $0.8 billion, or ($0.66) per share, compared with a third-quarter 2015 adjusted net loss of $0.5 billion, or ($0.38) per share. Special items for the [...]

ConocoPhillips (NYSE:COP) today announced a quarterly dividend of 25 cents per share, payable Dec. 1, 2016, to stockholders of record at the close of business on Oct. 17, 2016. --- # # # --- About ConocoPhillips ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 20 countries, $21 [...]