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ConocoPhillips (COP.N)

COP.N on New York Stock Exchange

66.12USD
16 Nov 2018
Change (% chg)

$0.91 (+1.40%)
Prev Close
$65.21
Open
$65.55
Day's High
$66.44
Day's Low
$65.39
Volume
2,876,097
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1,536,188
52-wk High
$80.23
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$48.97

Latest Key Developments (Source: Significant Developments)

Chevron, Exxon Mobil Weigh Bids For Endeavor Energy - Bloomberg
Monday, 12 Nov 2018 

Nov 12 (Reuters) - :CHEVRON, EXXON MOBIL WEIGH BIDS FOR ENDEAVOR ENERGY - BLOOMBERG, CITING SOURCES.CONOCO ALSO MAY BID FOR ENDEAVOR ENERGY VALUED AT $15 BILLION - BLOOMBERG.ROYAL DUTCH SHELL PLC HAS ALSO BEEN CONTACTED AND MAY PARTICIPATE IN BIDDING PROCESS FOR ENDEAVOR- BLOOMBERG.ENDEAVOR OWNED BY FAMILY OF FOUNDER AUTRY STEPHENS AGREED TO RUN SALES PROCESS AFTER ITS ADVISERS GOT INQUIRIES FROM PROSPECTIVE BIDDERS- BLOOMBERG.ENDEAVOR'S FAMILY OWNERS STILL PREFER 2019 IPO TO SALE- BLOOMBERG.  Full Article

Worleyparsons Awarded E&C And Epc Contracts By ConocoPhillips
Tuesday, 6 Nov 2018 

Nov 7 (Reuters) - WorleyParsons Ltd ::WORLEYPARSONS AWARDED E&C AND EPC CONTRACTS BY CONOCOPHILLIPS.AWARDED E&C AND EPC CONTRACTS BY CONOCOPHILLIPS.SERVICES FOR BOTH CONTRACTS WILL BE PROVIDED FROM WORLEYPARSONS' UK INTEGRATED SOLUTIONS' ABERDEEN OFFICE.  Full Article

Conocophillips Announces Executive Leadership Retirement And Realignment
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - ConocoPhillips ::CONOCOPHILLIPS ANNOUNCES EXECUTIVE LEADERSHIP RETIREMENT AND REALIGNMENT.CONOCOPHILLIPS - MATT FOX, CURRENTLY EVP, STRATEGY, EXPLORATION AND TECHNOLOGY, WILL BE NAMED EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER.CONOCOPHILLIPS - DON WALLETTE, JR., CURRENTLY EVP, FINANCE, COMMERCIAL & CFO, WILL BE NAMED EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER.CONOCOPHILLIPS - FOX AND WALLETTE WILL CONTINUE TO REPORT TO CHAIRMAN AND CHIEF EXECUTIVE OFFICER RYAN LANCE.CONOCOPHILLIPS - ANNOUNCED RETIREMENT OF AL HIRSHBERG AS EXECUTIVE VICE PRESIDENT, PRODUCTION, DRILLING AND PROJECTS.CONOCOPHILLIPS - HIRSHBERG WILL REMAIN IN HIS CURRENT POSITION UNTIL JAN 1, 2019 TO PROVIDE SUPPORT DURING TRANSITION OF HIS RESPONSIBILITIES.CONOCOPHILLIPS - APPOINTMENTS ARE EFFECTIVE ON JAN. 1, 2019.  Full Article

Conocophillips Q3 Total Revenue And Other Income $10,165 Mln Vs $7,195 Mln
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - ConocoPhillips ::QTRLY TOTAL REVENUE AND OTHER INCOME $10,165 MILLION VERSUS $7,195 MILLION.Q3 REVENUE VIEW $9.66 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

ConocoPhillips Q3 Adjusted Earnings Per Share $1.36
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - ConocoPhillips ::REPORTS THIRD-QUARTER 2018 RESULTS; DISCIPLINED, RETURNS-FOCUSED PLAN ON TRACK.Q3 ADJUSTED EARNINGS PER SHARE $1.36 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $1.59.ANNOUNCED QUARTERLY DIVIDEND INCREASE OF 7 PERCENT TO 30.5 CENTS PER SHARE.FOURTH-QUARTER 2018 PRODUCTION IS EXPECTED TO BE 1,275 TO 1,315 MBOED.ADJUSTED 2018 CAPITAL GUIDANCE TO $6.1 BILLION.FULL-YEAR GUIDANCE FOR DEPRECIATION, DEPLETION AND AMORTIZATION EXPENSE WAS UPDATED TO $6.0 BILLION FROM $5.9 BILLION.PRODUCTION EXCLUDING LIBYA FOR Q3 OF 2018 WAS 1,224 THOUSAND BARRELS OF OIL EQUIVALENT PER DAY (MBOED), AN INCREASE OF 22 MBOED.2018 GUIDANCE INCLUDES IMPACTS EXPECTED FROM PREVIOUSLY ANNOUNCED BARNETT DISPOSITION AND EXCLUDES LIBYA.QTRLY TOTAL REALIZED PRICE WAS $57.71 PER BOE, UP 46 PERCENT.PRODUCTION FROM EAST IRISH SEA IS EXPECTED TO RESUME IN Q4.PRODUCTION FROM BIG 3 UNCONVENTIONALS IS EXPECTED TO GROW MORE THAN 35 PERCENT FOR FULL YEAR.  Full Article

Aker BP's "Gekko" break-even cost seen below $30/barrel -CEO
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Aker BP ASA CEO Karl Johnny Hersvik::AKER BP CEO SAYS A PROJECT TO TIE GEKKO DISCOVERY INTO ALVHEIM FPSO COULD HAVE A BREAK-EVEN PRICE OF BELOW $30 PER BARREL.AKER BP CEO SAYS VALHALL FLANK WEST PROJECT REMAINS ON TRACK TO START PRODUCTION IN Q4 2019.AKER BP CEO SAYS DRILLING OF AKER BP-OPERATED JK EXPLORATION WELL NEAR JOHAN SVERDRUP FIELD MAY MOVE INTO 2019 FROM Q4 2018.AKER BP CEO SAYS PLANNING 'FLAT' LEVEL OF EXPLORATION ACTIVITY IN 2019 VERSUS 2018, BUT IT WOULD ALSO DEPEND ON EXPLORATION RESULTS IN Q4.AKER BP CEO: PLANS TO MAKE INVESTMENT DECISION ON HANZ DISCOVERY TIE-BACK TO IVAR AASEN FIELD IN 2019, EXPECTED PRODUCTION START IN 2021.  Full Article

Conocophillips Announces Increase In Quarterly Dividend
Friday, 5 Oct 2018 

Oct 5 (Reuters) - ConocoPhillips ::ANNOUNCES INCREASE IN QUARTERLY DIVIDEND.INCREASES QUARTERLY DIVIDEND BY 7 PERCENT TO $0.305 PER SHARE.  Full Article

Conocophillips To Sell Interest In Greater Sunrise Fields To Government Of Timor-Leste
Monday, 1 Oct 2018 

Oct 1 (Reuters) - ConocoPhillips ::PRESS RELEASE - CONOCOPHILLIPS ANNOUNCES AGREEMENT TO SELL INTEREST IN GREATER SUNRISE FIELDS TO GOVERNMENT OF TIMOR-LESTE.CONOCOPHILLIPS ANNOUNCES AGREEMENT TO SELL INTEREST IN GREATER SUNRISE FIELDS TO GOVERNMENT OF TIMOR-LESTE.DEAL FOR $350 MILLION.ENTERED INTO AN AGREEMENT TO SELL TO GOVERNMENT OF TIMOR-LESTE ITS 30 PERCENT INTEREST IN GREATER SUNRISE FIELDS.TOTAL SALES PRICE OF DEAL CONDITIONED ON GOVERNMENT GETTING FUNDING APPROVAL FROM TIMOR-LESTE COUNCIL OF MINISTERS & NATIONAL PARLIAMENT.  Full Article

Conocophillips Signs $2 Bln Settlement Agreement With PDVSA On ICC Arbitration Award
Monday, 20 Aug 2018 

Aug 20 (Reuters) - ConocoPhillips ::CONOCOPHILLIPS SIGNS $2 BILLION SETTLEMENT AGREEMENT WITH PDVSA ON ICC ARBITRATION AWARD.CONOCOPHILLIPS - PDVSA AGREED TO RECOGNIZE ICC JUDGMENT AND MAKE INITIAL PAYMENTS TOTALING APPROXIMATELY $500 MILLION WITHIN A PERIOD OF 90 DAYS FROM TIME OF SIGNING.CONOCOPHILLIPS - BALANCE OF SETTLEMENT IS TO BE PAID QUARTERLY OVER A PERIOD OF 4.5 YEARS.CONOCOPHILLIPS - AGREED TO SUSPEND LEGAL ENFORCEMENT ACTIONS OF ICC AWARD, INCLUDING IN DUTCH CARIBBEAN.CONOCOPHILLIPS - FURTHER DETAILS OF AGREEMENT ARE CONFIDENTIAL.  Full Article

ConocoPhillips confirms talks with Venezuela on arbitration award
Thursday, 26 Jul 2018 

July 26 (Reuters) - ConocoPhillips ::2018 CASH FLOW GENERATION POTENTIAL IS OVER $12 BILLION ON $65 CRUDE -CFO DON WALLETTE.CONOCO UPS 2018 SPENDING ON DRILLING WITH PARTNERS BY 10%, REFLECTING HIGHER CRUDE PRICES, COST INFLATION.CONOCO EXPECTS WIDE MIDLAND-CUSHING CRUDE PRICE DIFFERENTIALS TO LAST THROUGH 2019 - EXEC.OILFIELD COST INFLATION LOWER THAN ANTICIPATED EVEN WITH STRONG CRUDE PRICING -CONOCO CFO.CONOCO RUNNING TWO DRILLING RIGS IN PERMIAN, DOWN FROM FOUR; MOVED ONE TO EAGLE FORD, LAID DOWN A SECOND.CONOCO EXEC CONFIRMS HOLDING DISCUSSIONS WITH VENEZUELA OVER $2 BILLION ARBITRATION AWARD.STEEL TARIFFS ARE BECOMING "FAIRLY SIGNIFICANT" COST AND WILL IMPACT CAPITAL SPENDING IN 2019 -CONOCO EXEC.  Full Article

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Ineos in talks to buy Conoco North Sea assets - Sunday Times

LONDON British petrochemicals company Ineos is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company, the Sunday Times newspaper reported, without citing sources.