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2016-05-03 14:40:00

CONOCO NET LOSS $1.5 BLN

CONOCO NET LOSS $1.5 BLN

HOUSTON – 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. Special items for the current quarter were related to non-cash impairments in the Gulf of Mexico and United Kingdom and pension settlement expense.

CONOCO 1Q 2016 RESULTS

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Tags: CONOCO, PHILLIPS, OIL, GAS, PRICES
Chronicle:
CONOCO NET LOSS $1.5 BLN
2019, June, 17, 12:35:00
COAL FOR JAPAN
Japan imported more than 210 million short tons (MMst) of coal in 2018, making it the world’s third-largest coal-importing country after only India and China. Japan continues to use steam coal to fuel one-third of its electricity generation and metallurgical coal for raw steel production.
CONOCO NET LOSS $1.5 BLN
2019, June, 17, 12:30:00
SBERBANK, EUROCHEM, SUEK STRATEGIC PARTNERSHIP
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CONOCO NET LOSS $1.5 BLN
2019, June, 17, 12:25:00
6 UNDERVALUED ENERGY STOCKS ANEW
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CONOCO NET LOSS $1.5 BLN
2019, June, 17, 12:20:00
GREENHOUSE GAS EMISSIONS 55%
U.N. Secretary-General Antonio Guterres has called on the European Union to aim for a 55% cut in greenhouse gas emissions by 2030, far more than the bloc’s current target for a 40% reduction.
CONOCO NET LOSS $1.5 BLN
2019, June, 17, 12:15:00
RUSSIA'S FUND WILL BE $200 BLN
The NWF currently stands at $59 billion and is expected to quadruple to over $200 billion, or 12% of gross domestic product, in 2021. Under the law, Russia may start to use the fund as soon as it reaches 7% of GDP.
CONOCO NET LOSS $1.5 BLN
2019, June, 17, 12:10:00
U.S. RIGS DOWN 6 TO 969
BHGE - U.S. Rig Count is down 6 rigs from last week to 969, with oil rigs down 1 to 788, gas rigs down 5 to 181, and miscellaneous rigs unchanged at 0. Canada Rig Count is up 4 rigs from last week to 107, with oil rigs up 10 to 69 and gas rigs down 6 to 38.
CONOCO NET LOSS $1.5 BLN
2019, June, 14, 11:20:00
OIL PRICE: ABOVE $61 AGAIN
Brent crude futures were up 23 cents, or 0.4%, at $61.54 a barrel by 0638 GMT, having settled up 2.2% on Thursday. U.S. West Texas Intermediate crude futures were down 1 cent at $52.27 a barrel, after earlier rising. WTI also closed up 2.2% in the previous session, but is on course for a weekly decline of 3.2%.
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