ConocoPhillips Company

ConocoPhillips announced today that it has reached an agreement on the terms of payment to Burlington, a wholly-owned subsidiary of ConocoPhillips, by the Republic of Ecuador under a February 2017 International Centre for Settlement of Investment Disputes arbitration award. Under the terms of the agreement, ConocoPhillips will recover a total of $337 million from Ecuador. On Dec. 1, 2017 Ecuador paid $75 million, with the [...]

ConocoPhillips (NYSE: COP) will hold an Analyst and Investor Meeting today to outline the company’s 2018-2020 operating plan and strategy for long-term value creation. The three-year plan averages annual capital expenditures of $5.5 billion, based on a flat real West Texas Intermediate (WTI) price of $50 per barrel, and targets strong performance on several value-oriented metrics, including: Greater than 20 percent [...]

ConocoPhillips (NYSE: COP) will hold its 2017 Analyst and Investor Meeting on Wednesday, Nov. 8, 2017 at 9 a.m. EST in New York City. 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 site, www.conocophillips.com/investor. The event will be archived and [...]

ConocoPhillips (NYSE: COP) today reported third-quarter 2017 earnings of $0.4 billion, or $0.34 per share, compared with a third-quarter 2016 loss of $1.0 billion, or ($0.84) per share. Excluding special items, third-quarter 2017 adjusted earnings were $0.2 billion, or $0.16 per share, compared with a third-quarter 2016 adjusted loss of $0.8 billion, or ($0.66) per share. Special items for the current quarter were [...]

ConocoPhillips (NYSE: COP) today announced a quarterly dividend of 26.5 cents per share, payable Dec. 1, 2017, to stockholders of record at the close of business on Oct. 16, 2017. --- # # # --- 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, $78 [...]

ConocoPhillips (NYSE:COP) today announced that its board of directors has elected Caroline Maury Devine to serve as a board member. Richard Auchinleck also notified the board of directors that he does not intend to stand for re-election as a director of the company at the end of his current term. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171006005539/en [...]

ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Oct. 26, 2017 at 12:00 p.m. EDT to discuss third-quarter 2017 financial and operating results. The company’s financial and operating results will be released before the market opens on Oct. 26. To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the [...]

ConocoPhillips (NYSE: COP) today completed its previously announced transaction with an undisclosed buyer to sell its Panhandle assets for $184 million, plus net customary adjustments. Proceeds from this transaction will be used for general corporate purposes. The company’s 2017 production guidance already reflects the impact of this sale. --- # # # --- About ConocoPhillips ConocoPhillips is the world’s [...]

ConocoPhillips (NYSE: COP) today announced that production from its Eagle Ford (Texas) field has returned to pre-Hurricane Harvey rates of around 130 thousand barrels of oil equivalent per day (MBOED). The company’s previously communicated production guidance for the third quarter and the full year is unchanged. Third-quarter 2017 production is expected to be 1,170 to 1,210 MBOED, which excludes Libya and reflects [...]

ConocoPhillips (NYSE: COP) today announced two key charitable donations it is making to assist and support Hurricane Harvey relief efforts and Gulf Coast-Area communities. The company increased its donation to the American Red Cross to $2.5 million and announced a $2.5 million donation to the United Way of Greater Houston. Throughout this event, ConocoPhillips has taken multiple actions to address employee needs and [...]