ConocoPhillips Company

ConocoPhillips today announced a quarterly dividend of 28.5 cents per share, payable June 1, 2018, to stockholders of record at the close of business on May 14, 2018. --- # # # --- 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 announced that it has received notice of an unsolicited mini-tender offer by Baker Mills LLC to purchase up to 55,000 shares of ConocoPhillips common stock from the stockholders of ConocoPhillips. The offer represents approximately 0.005 percent of the outstanding shares of ConocoPhillips common stock. The offer price of $54.00 per share is approximately 17.9 percent lower than the $65.79 closing [...]

ConocoPhillips today reported first-quarter 2018 earnings of $0.9 billion, or $0.75 per share, compared with first-quarter 2017 earnings of $0.6 billion, or $0.47 per share. Excluding special items, first-quarter 2018 adjusted earnings were $1.1 billion, or $0.96 per share, compared with a first-quarter 2017 adjusted loss of $0.2 billion, or per share. Special items for the current quarter were primarily driven by [...]

ConocoPhillips announced today that it is owed $2.04 billion from Petróleos de Venezuela, S.A. and two of its subsidiaries as a result of the decision of an international arbitration tribunal constituted under the rules of the International Chamber of Commerce . The ruling arises out of ConocoPhillips’ contracts with those entities and is in response to the expropriation of ConocoPhillips’ investments [...]

ConocoPhillips today announced it has concluded its 2018 winter exploration and appraisal program in Alaska. The company’s original plan was to drill five wells on the Western North Slope comprising two appraisal wells of the Willow Discovery announced in January 2017, plus three exploration wells. Due to improved drilling efficiencies, the company was able to drill a total of six wells, including an additional [...]

ConocoPhillips will host a conference call webcast on Thursday, April 26, 2018 at 12:00 p.m. EDT to discuss first-quarter 2018 financial and operating results. The company’s financial and operating results will be released before the market opens on April 26. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor [...]

ConocoPhillips today provided several updates on disposition activity and early life-cycle acreage acquisition activities. In the first quarter of 2018, the company closed or entered definitive agreements for approximately $250 million of proceeds from the sale of non-core assets. Several small packages in the Permian Basin closed during the quarter. A package of largely undeveloped acreage in South Texas is expected to [...]

ConocoPhillips announced today the pricing terms of the previously announced tender offer by ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company , to purchase up to $400 million in aggregate principal amount of the outstanding debt securities identified in the Company’s Offer to Purchase dated March 14, 2018 . The terms and conditions of the Tender Offer are described in the Offer to Purchase and [...]

ConocoPhillips announced today the early results of the previously announced tender offer of ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company , to purchase up to $400 million in aggregate principal amount of the outstanding debt securities identified in the table below . As of 5:00 p.m., New York City time, on March 27, 2018 , approximately $2.1 billion aggregate principal amount of Notes were [...]

ConocoPhillips announced today that ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company have commenced a cash tender offer to purchase up to $400 million in aggregate principal amount of outstanding notes listed in the table below , in the order of priority shown in the table below. Acceptance Priority Level CUSIP/ISIN Title of Security Purchaser Original Issuer Aggregate Principal Amount Outstanding [...]