ConocoPhillips is hosting an Analyst & Investor Meeting today to reaffirm its commitment to the disciplined, returns-focused strategy it launched in 2016. The company will outline the details of a 2020-2029 operating and financial plan, and will provide region and asset reviews of its global portfolio. Highlights of the 10-year plan include: Free cash flow of approximately $50 billion based on a real West Texas [...]
ConocoPhillips will host its 2019 Analyst & Investor Meeting on Tuesday, Nov. 19, 2019 beginning at 8:00 a.m. Central time in Houston. The meeting will feature presentations by ConocoPhillips executives, including Chairman and Chief Executive Officer Ryan Lance. A live webcast of the meeting will be made available on the ConocoPhillips Investor Relations website, www.conocophillips.com/investor. The event will be archived [...]
ConocoPhillips today reported third-quarter 2019 earnings of $3.1 billion, or $2.74 per share, compared with third-quarter 2018 earnings of $1.9 billion, or $1.59 per share. Excluding special items, third-quarter 2019 adjusted earnings were $0.9 billion, or $0.82 per share, compared with third-quarter 2018 adjusted earnings of $1.6 billion, or $1.36 per share. Special items for the current quarter were primarily due to a [...]
ConocoPhillips today announced it has entered into an agreement to sell the subsidiaries that hold its Australia-West assets and operations to Santos for $1.39 billion, plus customary closing adjustments. In addition, the company will also receive a payment of $75 million upon final investment decision of the Barossa development project. The subsidiaries hold the company’s 37.5 percent interest in the Barossa [...]
ConocoPhillips today announced an increase in its quarterly dividend of 38 percent, to 42 cents per share. This represents an annualized increase in the dividend of approximately $500 million. The dividend is payable Dec. 2, 2019, to stockholders of record at the close of business on Oct. 17, 2019. The company also announced that it expects to repurchase $3 billion of its shares in 2020. “This increase in our [...]
ConocoPhillips today completed its previously announced transaction to sell two ConocoPhillips United Kingdom subsidiaries to Chrysaor E&P Limited for $2.675 billion, plus interest and customary adjustments. Together, the subsidiaries indirectly held the company’s exploration and production assets in the U.K., as well as approximately $1.8 billion in asset retirement obligations. Proceeds will be used for general [...]
ConocoPhillips will host a conference call webcast on Tuesday, Oct. 29, 2019 at 12:00 p.m. eastern time to discuss third-quarter 2019 financial and operating results. The company’s financial and operating results will be released before the market opens on Oct. 29. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the [...]
ConocoPhillips today reported second-quarter 2019 earnings of $1.6 billion, or $1.40 per share, compared with second-quarter 2018 earnings of $1.6 billion, or $1.39 per share. Excluding special items, second-quarter 2019 adjusted earnings were $1.1 billion, or $1.01 per share, compared with second-quarter 2018 adjusted earnings of $1.3 billion, or $1.09 per share. Special items for the current quarter were primarily [...]
ConocoPhillips today announced a quarterly dividend of 30.5 cents per share, payable Sept. 3, 2019, to stockholders of record at the close of business on July 22, 2019. --- # # # --- 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 17 countries, $71 billion of [...]
ConocoPhillips will host a conference call webcast on Tuesday, July 30, 2019 at 12:00 p.m. EDT to discuss second-quarter 2019 financial and operating results. The company’s financial and operating results will be released before the market opens on July 30. 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 a quarterly dividend of 30.5 cents per share, payable June 3, 2019, to stockholders of record at the close of business on May 13, 2019. --- # # # --- 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 17 countries, $71 billion of [...]
ConocoPhillips today reported first-quarter 2019 earnings of $1.8 billion, or $1.60 per share, compared with first-quarter 2018 earnings of $0.9 billion, or $0.75 per share. Excluding special items, first-quarter 2019 adjusted earnings were $1.1 billion, or $1.00 per share, compared with first-quarter 2018 adjusted earnings of $1.1 billion, or $0.96 per share. Special items for the current quarter included an unrealized [...]