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Conocophillips - Retirement Of Don E. Wallette, Jr. As Executive Vice President And CFO
Soros Fund Management Takes Share Stake In Disney, Dissolves Stake in American Express
Conocophillips Reports Q1 2020 Results
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International. The Alaska segment explores for, produces, transports and markets crude oil, natural gas liquids, natural gas and LNG. The Lower 48 segment consists of operations located in the United States Lower 48 states and the Gulf of Mexico. Its Canadian operations consists of oil sands developments in the Athabasca Region of northeastern Alberta. The Europe and North Africa segment consists of operations and exploration activities in Norway and Libya. The Asia Pacific and Middle East segment has exploration and production operations in China, Indonesia and Malaysia.
Oil & Gas - Integrated
925 N Eldridge Pkwy
Ryan Michael Lance
Chairman of the Board, Chief Executive Officer
Donald Evert Wallette
Chief Financial Officer, Executive Vice President
William L. Bullock
President - Asia Pacific & Middle East
Michael D. Hatfield
President - Alaska, Canada and Europe
Dominic E. Macklon
President - Lower 48
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ConocoPhillips said on Thursday it would sharply reduce oil output in coming weeks, aiming to shut 35% of its volume by June after weak energy prices led to a loss of $1.7 billion in the first quarter.
U.S. oil and gas company ConocoPhillips reported a 58% plunge in adjusted quarterly profit on Thursday, weighed down by lower output and an unprecedented plunge in crude prices.
ConocoPhillips said on Thursday it would slash spending and cut U.S. oil output by about 30% of this year's target, the largest cut so far by a major shale producer to deal with an unprecedented drop in oil demand.
* CEO SAYS HE EXPECTS OIL PRICES OVER THE NEXT SEVERAL MONTHS TO BE WEAK AND VOLATILE
ConocoPhillips said on Thursday it would curtail gross production by 225,000 barrels of oil per day, suspend its share repurchase program and further cut its capital spending to weather a rout in oil prices.
ConocoPhillips, the largest U.S. independent oil producer, on Wednesday pared its proposed spending, production and share buybacks for the year, seeking to prevent an oil-price rout from turning into pool of red ink.
U.S. oil producer ConocoPhillips said on Wednesday it will cut 2020 capital budget, production and reduce its share repurchase program due to weak oil prices.
Australia's Santos Ltd said on Thursday it will sell 25% of the Darwin LNG facility and the Bayu-Undan gas field off Northern Australia for $390 million, months after agreeing to buy ConocoPhillips' business in the region.
ConocoPhillips' <COP.N> sale of a stake in a $4.2 billion Senegal oil and gas project to Woodside Petroleum <WPL.AX> has been cleared by an international tribunal, resolving a long-running challenge by Australian partner FAR Ltd <FAR.AX>.
ConocoPhillips issued a muted annual outlook on Tuesday, expecting a hit from weaker oil demand growth due to the coronavirus outbreak and disruptions at its operations in Malaysia and Libya.
U.S. oil and gas producer ConocoPhillips <COP.N> said on Tuesday it expects demand growth to slow, hit by China's coronavirus epidemic.
U.S. oil and gas producer ConocoPhillips reported a 36.5% fall in adjusted quarterly profit on Tuesday, weighed down by lower output and weak realized prices for crude.
ConocoPhillips on Monday stated that its oil was being transported in a Canadian Pacific Railway train which derailed west of Guernsey, Saskatchewan, early on Dec. 9, CBC reported.
U.S. oil company ConocoPhillips on Tuesday filed a motion in a Delaware court seeking to seize shares in the parent of U.S. refiner Citgo Petroleum to collect on an arbitration award against Venezuelan state oil company PDVSA.
U.S. oil company ConocoPhillips on Tuesday filed a motion in a Delaware court seeking to seize shares in the parent company of U.S. refiner Citgo Petroleum to collect on a $2 billion arbitration award against Venezuela.
ConocoPhillips unveiled a long-term plan on Tuesday to boost oil and gas production by about 3% per year, restrain annual spending to about $7 billion and return $50 billion to shareholders over the next decade.
ConocoPhillips unveiled its 10-year plan on Tuesday and said it would target free cash flow of about $50 billion with annual capital expenditures averaging less than $7 billion over the next decade.
Norway approved the plans of ConocoPhillips for a 6.1 billion crowns ($667.10 million) development of the Tor II field, which is expected to start production in the final quarter of 2020, the oil and energy ministry said on Thursday.
ConocoPhillips' <COP.N> Australian arm said on Wednesday it has awarded a contract to Japanese firm MODEC International to deliver an offshore floating vessel for its Barossa gas project, off northern Australia.
U.S. oil and gas company ConocoPhillips' quarterly profit exceeded analysts' estimates on Tuesday, as higher shale production and a gain from asset sales offset the impact from lower crude prices and higher exploration costs.
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