ConocoPhillips today reported fourth-quarter 2023 earnings of $3.0 billion, or $2.52 per share, compared with fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per share. Excluding special items, fourth-quarter 2023 adjusted earnings were $2.9 billion, or $2.40 per share, compared with fourth-quarter 2022 adjusted earnings of $3.4 billion, or $2.71 per share. Special items for the current quarter were comprised of a [...]
ConocoPhillips announced today that it will move forward with development of the Willow project in Alaska. This Final Investment Decision approves the project and funds construction needed to reach first oil. The decision follows the Department of the Interior March 2023 Record of Decision and recent positive court orders, including this week's Ninth Circuit Court of Appeals denial of plaintiffs' request for an [...]
ConocoPhillips will host a conference call webcast on Thursday, Feb. 8, 2024, at 12:00 p.m. Eastern time to discuss fourth-quarter 2023 financial and operating results as well as 2024 guidance items. The company's financial and operating results will be released before the market opens on Feb. 8. To access the webcast, visit ConocoPhillips' Investor Relations site, http://www.conocophillips.com/investor, and click on the [...]
ConocoPhillips today reported third-quarter 2023 earnings of $2.8 billion, or $2.32 per share, compared with third-quarter 2022 earnings of $4.5 billion, or $3.55 per share. Excluding special items, third-quarter 2023 adjusted earnings were $2.6 billion, or $2.16 per share, compared with third-quarter 2022 adjusted earnings of $4.6 billion, or $3.60 per share. Special items for the current quarter were primarily comprised [...]
ConocoPhillips today announced that it has completed the purchase of the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $2.7 billion cash after closing adjustments, as well as future contingent payments of up to approximately $0.3 billion . ConocoPhillips now owns 100% of Surmont and will continue as operator. "Long-life, low sustaining capital assets like Surmont play an important [...]
ConocoPhillips will host a conference call webcast on Thursday, Nov. 2, 2023, at 12:00 p.m. Eastern time to discuss third-quarter 2023 financial and operating results. The company's financial and operating results will be released before the market opens on Nov. 2. To access the webcast, visit ConocoPhillips' Investor Relations site, http://www.conocophillips.com/investor, and click on the "Register" link in the Investor [...]
ConocoPhillips announced today further progress on its global liquefied natural gas strategy, signing a commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands. This agreement further complements the company's foundational LNG resource positions in Qatar and Australia, offtake and equity in Sempra's recently sanctioned Port Arthur LNG Phase 1 project on the [...]
ConocoPhillips today reported second-quarter 2023 earnings and adjusted earnings of $2.2 billion, or $1.84 per share, compared with second-quarter 2022 earnings of $5.1 billion, or $3.96 per share, and second-quarter 2022 adjusted earnings of $5.1 billion, or $3.91 per share. "The second quarter demonstrated our strong underlying performance and commitment to advancing the returns-focused value proposition we shared at [...]
ConocoPhillips will host a conference call webcast on Thursday, Aug. 3, 2023, at 12:00 p.m. Eastern time to discuss second-quarter 2023 financial and operating results. The company's financial and operating results will be released before the market opens on Aug. 3. 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 that it is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion , subject to customary adjustments, as well as contingent payments of up to approximately $325 million . ConocoPhillips currently holds a 50% interest as operator of Surmont and will own 100% upon closing. This transaction is subject to [...]
ConocoPhillips announced today the pricing terms of the previously announced tender offer by ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company , to purchase the outstanding debt securities identified in the Company's Offer to Purchase dated May 9, 2023 for an aggregate purchase price as calculated pursuant to the Offer to Purchase of up to $1.1 billion . The terms and conditions of the Tender Offer [...]
ConocoPhillips announced today the early results of the previously announced tender offer of ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company , to purchase the outstanding debt securities identified in the table below . As of 5:00 p.m., New York City time, on May 22, 2023 , approximately $2.2 billion aggregate principal amount of Notes were validly tendered and not validly withdrawn. The table below [...]
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