ConocoPhillips will host a conference call webcast on Thursday, Feb. 3, 2022, at 12:00 p.m. Eastern time to discuss fourth-quarter 2021 financial and operating results. The company's financial and operating results will be released before the market opens on Feb. 3. 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 two transactions intended to core up the important Asia-Pacific segment of its diverse global portfolio. The company announced it has entered into an agreement to sell the subsidiary that indirectly owns the company's 54% interest in the Indonesia Corridor Block Production Sharing Contract and a 35% shareholding interest in the Transasia Pipeline Company. The sale to MedcoEnergi for $1.355 [...]
ConocoPhillips today announced several updates that highlight the company's differentiated value proposition. This announcement follows the recent closing of the company's acquisition of Shell's Permian Basin properties on Dec. 1 for net cash of $8.6 billion. Today's announcement reflects the addition of Shell's Permian Basin properties, including the previously announced expected 2022 capital expenditures and production [...]
ConocoPhillips today announced that it has completed its acquisition of Shell Enterprises LLC's prolific Delaware basin position for $9.5 billion in cash. After customary closing adjustments, cash paid for the acquisition is approximately $8.6 billion, with an effective date of July 1, 2021. The assets include ~225,000 net acres and producing properties located entirely in Texas, as well as over 600 miles of operated [...]
ConocoPhillips today reported third-quarter 2021 earnings of $2.4 billion, or $1.78 per share, compared with a third-quarter 2020 loss of $0.5 billion, or per share. Excluding special items, third-quarter 2021 adjusted earnings were $2.4 billion, or $1.77 per share, compared with a third-quarter 2020 adjusted loss of $0.3 billion, or per share. Special items for the current quarter included a contingent payment from [...]
ConocoPhillips will host a conference call webcast on Tuesday, Nov. 2, 2021, at 12:00 p.m. Eastern time to discuss third-quarter 2021 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, www.conocophillips.com/investor, and click on the "Register" link in the Investor [...]
ConocoPhillips today announced several actions to further enhance its compelling, distinctive investment proposition. The actions are consistent with the company's financial framework, its stated capital allocation priorities and its commitment to playing a valued role in the energy transition. Materials describing today's actions are provided at www.conocophillips.com/investor. The actions include: A complementary [...]
ConocoPhillips announced today disaster relief donations of $500,000 to be allocated between the American Red Cross and local United Way organizations to support relief efforts in Louisiana from Hurricane Ida. The company will also match donations from ConocoPhillips' U.S. employees. "Our thoughts are with the local communities who are dealing with the widespread devastation brought by Hurricane Ida," said Ryan Lance [...]
ConocoPhillips today reported second-quarter 2021 earnings of $2.1 billion, or $1.55 per share, compared with second-quarter 2020 earnings of $0.3 billion, or $0.24 per share. Excluding special items, second-quarter 2021 adjusted earnings were $1.7 billion, or $1.27 per share, compared with a second-quarter 2020 adjusted loss of $1.0 billion, or per share. Special items for the current quarter included a gain on Cenovus [...]
ConocoPhillips announced today a quarterly dividend of 43 cents per share, payable Sept. 1, 2021, to stockholders of record at the close of business on July 26, 2021. --- # # # --- About ConocoPhillips Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $84 billion of total assets, and approximately 10,300 employees at March 31, 2021. Production excluding Libya averaged 1,488 [...]
ConocoPhillips will host a conference call webcast on Tuesday, Aug. 3, 2021, at 12:00 p.m. Eastern time to discuss second-quarter 2021 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, www.conocophillips.com/investor, and click on the "Register" link in the Investor [...]
ConocoPhillips will host a market update today to reaffirm its commitment to the disciplined, returns-focused strategy it launched in 2016. The company will outline details of a compelling 2022-2031 operating and financial plan that reflects numerous transformational activities undertaken over the past 18 months, most notably the acquisition of Concho. "We're looking forward to providing today's market update, which comes [...]
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