News for ConocoPhillips
Feb 16 · 2:52:00 PM · Source: News 1130
ConocoPhillips says it will spend $11.2 billion on capital projects in 2010, a 10 per cent drop from estimated 2009 spending.
The nation's third-largest oil company previously said it would cut capital expenditures and sell off assets to help pay off debt and improve its cash position amid sagging profits.
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by Michael Oliveto
Feb 12 · 9:43:00 PM
ConocoPhillips declared a regular quarterly dividend in the amount of $.50 per share payable March 1, 2010 to shareholders of record on February 22, 2010.
At today''s $48.67 stock price the dividend yield is 4.11%.
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by Michael Oliveto
Feb 9 · 2:09:00 PM · Source: The Wall Street Journal
Federal regulators have denied a request by U.S. oil major ConocoPhillips to build a system of bridges to expand oil drilling on Alaska's North Slope, saying the project would harm aquatic wildlife.
The U.S. Army Corps of Engineers denied ConocoPhillips' application to build the bridges.
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by Michael Oliveto
Dec 31 · 3:37:00 PM · Source: The Australian
KAROON Gas Australia has confirmed it has struck hydrocarbons at the latest well in its Browse Basin drilling campaign with partner ConocoPhillips.
The news comes two weeks after a person familiar with the drilling campaign told Dow Jones Newswires that the well had penetrated hydrocarbons in similar intervals to those in the successful Poseidon-1 well about 6km away. A large gas pay at Poseidon-2 will provide further evidence that Karoon and ConocoPhillips are sitting on a resource off Western Australia big enough to support a multi-billion-dollar liquefied natural gas development.
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by Michael Oliveto
Oct 28 · 2:18:00 PM · Source: Reuters
ConocoPhillips announced a quarterly dividend of $0.50 per share, an increase of 6% in the dividend rate for the Company's common stock.
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by Michael Oliveto
Oct 28 · 10:33:00 AM · Source: Company News Release
Conoco Phillips said its third quarter net income dropped 71% to $1.5 billion, or $1 a share, from $5.19 billion, or $3.39, a year earlier.
Results hampered by collapse in crude and natural-gas prices.
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by Larry Etter
Oct 22 · 12:02:00 PM · Source: Reuters
ConocoPhillips has agreed to sell to Buckeye Partners, L.P. three refined-product storage and distribution terminals and two refined-product pipelines and associated storage tanks in the Chicago and St. Louis areas.
Terms of the transaction were not disclosed.
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by Michael Oliveto
Oct 20 · 3:11:00 PM · Source: Reuters
ConocoPhillips’ CEO Jim Mulva said he expects it will be hard for crude supply to meet demand in the years ahead, with output possibly peaking below 100 million barrels per day.
Mulva told reporters at the sidelines of the Oil and Money conference in London, "It's going to be very difficult to get up towards 100 million barrels."
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by Michael Oliveto
Oct 14 · 3:05:00 PM · Source: The Wall Street Journal
ConocoPhillips announced that it will sell non-strategic assets in which it is not the operator or has a minority interest. This is part of a recently announced restructuring plan.
A UBS-prepared note says that ConocoPhilips has identified $20 billion in assets that will allow them to achieve its $10 billion divestiture target.
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by Michael Oliveto
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