ConocoPhillips today announced that its board of directors has elected Ms. Kathleen McGinty to serve as a board member. Ms. McGinty currently serves as the vice president and chief sustainability and external relations officer for Johnson Controls. Prior to joining Johnson Controls, Ms. McGinty served in a broad range of leadership positions, with over 30 years of public and private sector experience, most recently [...]
ConocoPhillips will host a conference call webcast on Thursday, Aug. 7, 2025, at 12:00 p.m. Eastern time to discuss second-quarter 2025 financial and operating results. The company's financial and operating results will be released before the market opens on Aug. 7. 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 that W.L. Bullock, executive vice president and chief financial officer, will retire from ConocoPhillips after 39 years of distinguished service. Andy O'Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025. Andy will also retain responsibility for Strategy, Commercial and [...]
ConocoPhillips today reported first-quarter 2025 earnings of $2.8 billion, or $2.23 per share, compared with first-quarter 2024 earnings of $2.6 billion, or $2.15 per share. Excluding special items, first-quarter 2025 adjusted earnings were $2.7 billion, or $2.09 per share, compared with first-quarter 2024 adjusted earnings of $2.4 billion, or $2.03 per share. Special items for the quarter were primarily related to a gain [...]
ConocoPhillips will host a conference call webcast on Thursday, May 8, 2025, at 12:00 p.m. Eastern time to discuss first-quarter 2025 financial and operating results. The company's financial and operating results will be released before the market opens on May 8. To access the webcast, visit ConocoPhillips' Investor Relations site, http://www.conocophillips.com/investor, and click on the "Register" link in the Investor [...]
ConocoPhillips today announced it has entered into an agreement to sell its interests in the Ursa and Europa Fields and Ursa Oil Pipeline Company LLC to Shell Offshore Inc. and Shell Pipeline Company LP, subsidiaries of Shell plc, for $735 million subject to customary closing adjustments. The transaction also includes an overriding royalty interest in the Ursa Field. Proceeds from this transaction will be used for general [...]
ConocoPhillips announced today that the Company has received exemptive relief from the applicable Canadian securities regulatory authorities regarding future filing requirements. The Company became a reporting issuer for Canadian securities law purposes by virtue of the acquisition of Marathon Oil Corp. in November 2024, which made the Company subject to Canadian continuous disclosure and other reporting obligations under [...]
ConocoPhillips today reported fourth-quarter 2024 earnings of $2.3 billion, or $1.90 per share, compared with fourth-quarter 2023 earnings of $3.0 billion, or $2.52 per share. Excluding special items, fourth-quarter 2024 adjusted earnings were $2.4 billion, or $1.98 per share, compared with fourth-quarter 2023 adjusted earnings of $2.9 billion, or $2.40 per share. Special items for the current quarter were primarily due [...]
ConocoPhillips will host a conference call webcast on Thursday, Feb. 6, 2025, at 12:00 p.m. Eastern time to discuss fourth-quarter 2024 financial and operating results as well as 2025 guidance items. The company's financial and operating results will be released before the market opens on Feb. 6. The accounting close date for the recently acquired Marathon Oil will be Dec. 1, 2024. To access the webcast, visit [...]
ConocoPhillips announced today the pricing terms of its previously announced cash tender offers of its wholly-owned subsidiary, ConocoPhillips Company to purchase: any and all of Marathon Oil Corp.'s debt securities listed in the first table below , and for Holders who validly tendered their Maximum Offer Notes as of the Early Tender Deadline , a combined aggregate purchase price of up to approximately $4.04 billion , the [...]
ConocoPhillips today announced that, in connection with the previously announced offers to eligible holders to exchange any and all outstanding notes issued by Marathon Oil Corp. as set forth in the table below for up to $4,000,000,000 aggregate principal amount of new notes issued by ConocoPhillips Company and fully and unconditionally guaranteed by COP , and related consent solicitations by Marathon to adopt certain [...]
ConocoPhillips announced today the early results of the previously announced cash tender offers of its wholly-owned subsidiary, ConocoPhillips Company . In addition, COP further announced that it has amended the Offers by increasing the Maximum Offer Reference Amount from $4,000,000,000 to an amount sufficient to accept for purchase all Notes with Acceptance Priority Levels 1-7 in full, in accordance with the terms of the [...]
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