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2014-05-01 18:53:00

CONOCOPHILLIPS 1Q UP

CONOCOPHILLIPS 1Q UP

ConocoPhillips, the largest U.S. independent oil and gas company, on Thursday reported a flat quarterly profit that topped expectations and said production edged higher as output from its North American shale and Canadian oilsands projects rose.

Profit in the first-quarter was $2.1 billion, or $1.71 per share, compared with $2.1 billion, or $1.73 per share in the same quarter a year ago.

Excluding one-time items related to storage and transportation agreements, Conoco had a profit of $1.81 per share.

Analysts on average had expected a profit of $1.56 per share, according to Thomson Reuters I/B/E/S.

Oil and gas production from continuing operations excluding Libya was 1.53 million barrels oil equivalent per day (boed), up 24 million boed from the 2013 first quarter.

Shares of Conoco rose in pre-market trade to $75.45, up 1.5 percent from Wednesday's New York Stock Exchange close.

reuters.com

Tags: CONOCOPHILLIPS, OIL, GAS

Chronicle:

CONOCOPHILLIPS 1Q UP
2018, July, 12, 10:20:00

U.S. - EXXON - RUSSIA SANCTIONS

BLOOMBERG - Treasury Secretary Steven Mnuchin told a Texas judge that Exxon Mobil Corp. doesn’t have a right to see privileged documents related to a $2 million fine assessed against the energy company for violating sanctions related to Russia’s 2014 invasion of Ukraine.

CONOCOPHILLIPS 1Q UP
2018, July, 12, 10:15:00

NORWAY'S OIL PRODUCTION: 1.747 MBD

NPD - Preliminary production figures for June 2018 show an average daily production of 1 747 000 barrels of oil, NGL and condensate, which is an increase of 88 000 barrels per day compared to May.

CONOCOPHILLIPS 1Q UP
2018, July, 12, 10:10:00

NOVATEK'S PRODUCTION: +2.4%

NOVATEK - In the first half 2018, NOVATEK’s hydrocarbons production totaled 264.3 million barrels of oil equivalent (boe), including 32.93 billion cubic meters (bcm) of natural gas and 5,864 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 6.3 million boe, or by 2.4%, as compared to the first half 2017.

CONOCOPHILLIPS 1Q UP
2018, July, 11, 09:35:00

OIL PRICE: NEAR $78 YET

REUTERS - Brent crude futures LCOc1 were down 75 cents, or 1 percent, at $78.11 a barrel by 0308 GMT, having fallen as low as $77.60. U.S. crude CLc1 was down 55 cents, or 0.7 percent, at $73.56.

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