All publications by tag «PHILLIPS»
2016, November, 14, 18:35:00
CONOCO PLANS $50
ConocoPhillips plans conservative financial and operating programs in 2017, planning for a longer-than-expected $50/b oil world by reducing its capital budget 4%, growing production up to 2% and forging technologies to squeeze out the last smidgen of resource from existing assets.
2016, October, 27, 18:40:00
CONOCOPHILLIPS NET LOSS $3.6 BLN
ConocoPhillips’ nine-month 2016 earnings were a net loss of $3.6 billion, or ($2.88) per share, compared with a nine-month 2015 net loss of $1.0 billion, or ($0.80) per share. Nine-month 2016 adjusted earnings were a net loss of $3.0 billion, or ($2.40) per share, compared with a nine-month 2015 adjusted net loss of $0.6 billion, or ($0.50) per share.
2016, July, 29, 18:40:00
CONOCO NET LOSS $2.54 BLN
ConocoPhillips (NYSE: COP) reported a second-quarter 2016net loss of $1.1 billion,or ($0.86) per share, compared with a second-quarter 2015 net loss of $179 million, or ($0.15) per share. Excluding special items, second-quarter 2016 adjusted earnings were anet loss of $985 million, or ($0.79) per share, compared with second-quarter 2015 adjusted earnings of $81 million, or $0.07 per share. Special items for the current quarter were related to non-cashimpairments in the Lower 48, primarily in the Gulf of Mexico; pension settlement expense; deferred tax adjustments; and a gain onan asset sale.
2016, May, 3, 14:40:00
CONOCO NET LOSS $1.5 BLN
ConocoPhillips (NYSE: COP) reported a first-quarter 2016 net loss of $1.5 billion, or ($1.18) per share, compared with first-quarter 2015 earnings of $272 million, or $0.22 per share. Excluding special items, first-quarter 2016 adjusted earnings were a net loss of $1.2 billion, or ($0.95) per share, compared with a first-quarter 2015 adjusted net loss of $222 million, or ($0.18) per share.
2016, February, 7, 17:05:00
CONOCO NET LOSS $4.4 BLN
Full-year 2015 earnings were a net loss of $4.4 billion, or ($3.58) per share, compared with full-year 2014 earnings of $6.9 billion, or $5.51 per share. Excluding special items, full-year 2015 adjusted earnings were a net loss of $1.7 billion, or ($1.40) per share, compared with full-year 2014 adjusted earnings of $6.6 billion, or $5.30 per share.
2015, December, 23, 19:20:00
CONOCO: TO REACT QUICKLY
“You also need a low cost structure and a strong balance sheet for a strong credit rating with good access to the debt markets,” Lance said. “A company like ours also needs to be able to react quickly to developments.”
2015, December, 11, 19:20:00
CONOCO CUTS $7.7 BLN
The company also expects to close $2.3 billion of noncore asset sales, including $600 million from transactions that closed through the first three quarters of 2015. The remaining $1.7 billion represents deals with agreements in place that are expected to close in fourth-quarter 2015 or first-quarter 2016.
2015, October, 30, 19:20:00
CONOCO LOSS $1.1 BLN
ConocoPhillips (NYSE: COP) reported a third-quarter 2015 net loss of $1.1 billion, or ($0.87) per share, compared with third-quarter 2014 earnings of $2.7 billion, or $2.17 per share. Excluding special items, third-quarter 2015 adjusted earnings were a net loss of $466 million, or ($0.38) per share, compared with third-quarter 2014 adjusted earnings of $1.6 billion, or $1.29 per share. Special items for the current quarter related primarily to the termination of a rig contract for a Gulf of Mexico deepwater drillship, non-cash impairments, restructuring costs and pension settlement expense.
2015, September, 3, 18:30:00
CONOCO CUTS 10%
ConocoPhillips said Tuesday that it plans to cut about 10 percent of its global workforce.
2015, June, 8, 18:50:00
POLISH DREAM MURDER
ConocoPhillips announced that is was withdrawing from shale gas exploration in Poland.