ConocoPhillips (NYSE: COP) today reported third-quarter 2013 earnings of $2.5 billion, or $2.00 per share, compared with third-quarter 2012 earnings of $1.8 billion, or $1.46 per share. Excluding special items, third-quarter 2013 adjusted earnings were $1.8 billion, or $1.47 per share, compared with third-quarter 2012 adjusted earnings of $1.7 billion, or $1.38 per share. Special items for the current quarter primarily [...]
ConocoPhillips (NYSE: COP) today announced it has completed the transaction with KazMunayGas (KMG) for the sale of its 8.4 percent interest in the North Caspian Sea Production Sharing Agreement (Kashagan) for approximately $5.4 billion. In July 2013, ConocoPhillips announced it had received notification from the Kazakhstan Ministry of Oil and Gas (MOG) that it was exercising the right under the Subsoil Law of Kazakhstan [...]
ConocoPhillips (NYSE:COP) today announced first oil production from the Ekofisk South development project in the Norwegian North Sea on Oct. 25. “The Ekofisk South project startup represents an important milestone for ConocoPhillips,” said Matt Fox, executive vice president, Exploration and Production. “This is the first of several new major project startups that will contribute to the company’s growth over the next few [...]
ConocoPhillips Canada Welcomes the Brightest Young Minds in Energy to the Calgary World Petroleum Council Youth Forum CALGARY, Oct. 22, 2013 /CNW/ - Fueling the future is a challenge not for the faint of heart, but one that is accepted by the brightest young minds in the energy industry. During a meeting in Calgary at the 4th World Petroleum Council (WPC) Youth Forum, Oct. 22-25, these leaders of tomorrow will be [...]
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Oct. 31, 2013, at 1:00 p.m. EDT to discuss third-quarter financial and operating results. The company’s earnings will be announced before the market opens on Oct. 31. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations pod. You [...]
ConocoPhillips (NYSE: COP) today announced a quarterly dividend of 69 cents per share, payable Dec. 2, 2013, to stockholders of record at the close of business on Oct. 15, 2013. --- # # # --- 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 30 countries, $55 [...]
ConocoPhillips (NYSE: COP) today announced a contribution of $200,000 to the American Red Cross to support relief efforts following the flooding in Colorado. The company will also match donations from ConocoPhillips’ U.S. employees and retirees. "Our thoughts are with the residents of Colorado who are dealing with the impact of this devastating flood,” said Don Hrap, president of Lower 48 and Latin America. “Colorado is [...]
CALGARY, September 16, 2013 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER), a company focused on oil exploration and production in Nigeria, today announced that it has: Entered into an amendment agreement with ConocoPhillips (NYSE:COP) in relation to the proposed acquisition by OER of the Nigerian oil and gas business of ConocoPhillips (the "COP Acquisition"); and Terminated the Brass LNG [...]
ConocoPhillips (NYSE: COP) today announced that an international arbitration Tribunal ruled Venezuela unlawfully expropriated ConocoPhillips’ significant oil investments in the Petrozuata and Hamaca heavy crude oil projects and the offshore Corocoro development project. According to an International Centre for Settlement of Investment Disputes (ICSID) Tribunal, Venezuela’s actions amounted to an unlawful expropriation. In [...]
ConocoPhillips (NYSE: COP) today announced that Ryan Lance, chairman and CEO, will speak to investors and securities analysts at the Barclays CEO Energy-Power Conference on Thursday, Sept. 12 at 9:45 a.m. EDT. This presentation will include an overview of the company’s business strategies, key programs and projects, and plans for delivering production and margin growth. Investors can access a live webcast of the [...]
ConocoPhillips (NYSE: COP) today announced that it has closed a transaction with the National Gas Company of Trinidad and Tobago Limited (NGC) for the sale of its wholly owned subsidiary, Trinidad and Tobago Holdings LLC, for a total consideration of $600 million plus customary adjustments. Trinidad and Tobago Holdings LLC holds a 39 percent interest in Phoenix Park Gas Processors Limited (PPGPL). PPGPL operates a gas [...]
ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell its 100 percent interest in the Clyden oil sands leasehold to Imperial Oil and ExxonMobil Canada for approximately $720 million (C$751 million) before customary adjustments. Comprising 226,000 net acres of undeveloped land, Clyden is located near the southern edge of the Athabasca oil sands and south of Fort McMurray, Alberta. “This [...]