ConocoPhillips Company

ConocoPhillips today announced that, in connection with the acquisition of Marathon Oil Corp. by ConocoPhillips, ConocoPhillips Company has commenced offers to eligible holders to exchange any and all outstanding notes issued by Marathon as set forth in the table below for up to $4,000,000,000 aggregate principal amount of new notes issued by CPCo and fully and unconditionally guaranteed by COP . The following table sets [...]

ConocoPhillips announced that it has completed its acquisition of Marathon Oil. "This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework," said Ryan Lance, chairman and chief executive officer. "Marathon Oil adds high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position. We [...]

ConocoPhillips today reported third-quarter 2024 earnings of $2.1 billion, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8 billion, or $2.32 per share. Excluding special items, third-quarter 2024 adjusted earnings were $2.1 billion, or $1.78 per share, compared with third-quarter 2023 adjusted earnings of $2.6 billion, or $2.16 per share. "ConocoPhillips continues to demonstrate strong operational [...]

ConocoPhillips will host a conference call webcast on Thursday, Oct. 31, 2024, at 12:00 p.m. Eastern time to discuss third-quarter 2024 financial and operating results. The company's financial and operating results will be released before the market opens on Oct. 31. 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 its board of directors has elected Ms. Nelda J. Connors to serve as a board member. Ms. Connors has more than 25 years of experience in the industrial and manufacturing industries. In 2011, she founded Pine Grove Holdings, LLC, where she currently serves as chair and chief executive officer, overseeing investments in small- and mid-sized businesses with a high engineering component [...]

Marathon Oil announced that it received the necessary stockholder approval for Marathon Oil's pending merger with ConocoPhillips . Marathon Oil will file the vote results of the special stockholder meeting in a Form 8-K with the U.S. Securities and Exchange Commission. Marathon Oil and ConocoPhillips continue to expect the transaction to close late in the fourth quarter of 2024, subject to regulatory clearance and other [...]

ConocoPhillips today reported second-quarter 2024 earnings and adjusted earnings of $2.3 billion, or $1.98 per share, compared with second-quarter 2023 earnings and adjusted earnings of $2.2 billion, or $1.84 per share. "In the second quarter, we continued to deliver on our returns-focused value proposition, achieving record production and advancing our global LNG strategy. We announced a 34% increase in our ordinary [...]

ConocoPhillips will host a conference call webcast on Thursday, Aug. 1, 2024, at 12:00 p.m. Eastern time to discuss second-quarter 2024 financial and operating results. The company's financial and operating results will be released before the market opens on Aug. 1. To access the webcast, visit ConocoPhillips' Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor [...]

ConocoPhillips and Marathon Oil Corp. announced today that they have entered into a definitive agreement pursuant to which ConocoPhillips will acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion, inclusive of $5.4 billion of net debt. Under the terms of the agreement, Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each share of Marathon Oil [...]

ConocoPhillips today reported first-quarter 2024 earnings of $2.6 billion, or $2.15 per share, compared with first-quarter 2023 earnings of $2.9 billion, or $2.38 per share. Excluding special items, first-quarter 2024 adjusted earnings were $2.4 billion, or $2.03 per share, compared with first-quarter 2023 adjusted earnings of $2.9 billion, or $2.38 per share. Special items for the current quarter consisted of a benefit [...]