ConocoPhillips Company

ConocoPhillips (NYSE: COP) today announced a quarterly dividend of 69 cents per share, payable March 3, 2014, to stockholders of record at the close of business on Feb. 18, 2014. --- # # # --- 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 27 countries, $54 [...]

Oando Energy today announced that, further to its press releases dated December 20, 2012, September 16, 2013 and November 28, 2014, it has, subject to, amongst other things, TSX approval, secured funding for the closure of the acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips. The Company currently estimates that the net purchase price payable to complete the ConocoPhillips Acquisition will be [...]

ConocoPhillips (NYSE: COP) today reported fourth-quarter 2013 earnings of $2.5 billion, or $2.00 per share, compared with fourth-quarter 2012 earnings of $1.4 billion, or $1.16 per share. Excluding special items, fourth-quarter 2013 adjusted earnings were $1.7 billion, or $1.40 per share, compared with fourth-quarter 2012 adjusted earnings of $1.8 billion, or $1.43 per share. Special items for the current quarter [...]

ConocoPhillips (NYSE: COP) today announced that Jeff Sheets, executive vice president, Finance, and Chief Financial Officer, will speak to investors and securities analysts at the Credit Suisse 19th Annual Energy Summit in Vail, Colo. on Wednesday, Feb. 12 at 11 a.m. MST. This presentation will include an overview of the company’s business strategies, key programs and projects, and plans for delivering production and [...]

ConocoPhillips (NYSE: COP) today provided an update on fourth-quarter production guidance. The recent quarter’s average production was negatively impacted by significant weather-related downtime in several operational areas, notably in the Lower 48 and the North Sea. As a result, fourth-quarter production for continuing operations is expected to be approximately 1,475 thousand barrels of oil equivalent per day (MBOED [...]

ConocoPhillips (NYSE:COP) today announced a significant oil discovery at its Gila prospect in the deepwater U.S. Gulf of Mexico. The company holds a 20 percent working interest in the Gila well, operated by BP (NYSE: BP). “Gila is the company’s fourth deepwater Gulf of Mexico Paleogene discovery and demonstrates the potential of our growing conventional exploration program,” said Larry Archibald, senior vice president [...]

ConocoPhillips (NYSE: COP) today announced a 2014 capital expenditures budget of $16.7 billion for continuing operations. Investments during 2014 will target the company’s diverse portfolio of global opportunities. Approximately 55 percent of the budget is allocated toward North America and 45 percent toward Europe, Asia Pacific and other international businesses. Highlights of the company’s 2014 investment program [...]

Oando Energy today announced that it has entered into an amendment agreement with ConocoPhillips in relation to the proposed acquisition by the Company of the Nigerian upstream oil and gas business of ConocoPhillips, comprising the indirect acquisition of all of the shares of Phillips Oil Company Nigeria Limited, Phillips Deepwater Exploration Nigeria Limited and Conoco Exploration & Production Nigeria Limited [...]

ConocoPhillips (NYSE: COP) today announced it has completed the transaction with Pertamina for the sale of its Algeria business unit for a total sales price of $1.75 billion, which resulted in proceeds of $1.65 billion, including customary adjustments. “We are pleased to complete this transaction with Pertamina,” said Don Wallette, executive vice president, Commercial, Business Development and Corporate Planning. “We [...]

ConocoPhillips (NYSE: COP) today announced first gas production from the Jasmine field in the United Kingdom, Central North Sea on Nov. 19. “The startup of Jasmine represents another important milestone for ConocoPhillips and builds upon the recent successful startup of Ekofisk South in Norway and the Christina Lake Phase E oil sands project in Canada,” said Matt Fox, executive vice president, Exploration and [...]