$COP (ConocoPhillips)

$COP {{ '2016-02-04T13:14:17+0000' | timeago}} • Announcement

$COP said that production from continuing operations for 4Q15 was 1,599 thousand barrels of oil equivalent per day, an increase of 32 MBOED compared with the same period a year ago, excluding Libya. Production in 2016 is expected to be approx. flat with 2015 volumes, adjusted for the full-year impact of 2015 asset divestitures.

$COP {{ '2017-10-31T15:05:07+0000' | timeago}} • Infographic

$COP ConocoPhillips Earnings AlphaGraphic: Q3 2017 Highlights

$COP {{ '2017-07-28T18:36:27+0000' | timeago}} • Announcement

The oil company $COP, which expects to keep the debt below the $20Bil mark by year-end, lowered its FY17 CapEx to $4.8Bil, down from a prior estimate of $5Bil. ConocoPhillips expects Production and operating expenses of $5Bil for FY17.

$COP {{ '2017-07-28T16:24:09+0000' | timeago}} • Announcement

Exploration and Production company $COP’s net loss widened in the second quarter 2017, mainly due to non-cash impairment charges and premiums on early retirement of debt. ConcoPhillips reported a net loss of $3.4Bil or $0.78 per share in 2Q17, compared to a loss of $1.1Bil or $0.86 per share.

$COP {{ '2017-05-02T17:12:56+0000' | timeago}} • Webcast

$COP estimates to use about $5Bil for debt reduction over 2017-2018 and an additional $3Bil for share buybacks. This total amount of $8Bil will have to be funded from the combination of cash balances which are the result of dispositions and free cash flow.

$COP {{ '2017-05-02T16:48:07+0000' | timeago}} • Webcast

$COP stated that 1Q17 production in US onshore was up 2-3% over expectations. This improvement was driven by technology and other efficiency drivers such as data analytics. The company had predicted that for 2017, it would be 5-10% lower versus 2016. $COP now believes it will be at the low end of this decline range due to progress made in 1Q17.

$COP {{ '2017-05-02T16:38:31+0000' | timeago}} • Webcast

$COP said Capex for 1Q17 came in at about $950MM so the run rate for full-year 2017 would come to about $3.8Bil. The company expects to spend $5Bil in 2017. $COP was able to grow volumes at this low Capex rate. Exploration Capex was lower in 1Q17. The company believes the completion work on rigs will push Capex up through 2017.

$COP {{ '2017-05-02T11:56:23+0000' | timeago}} • Announcement

In 1Q17, $COP's production excluding Libya was 1,584 MBOED, an increase of 6 MBOED compared with the same period a year ago. $COP reduced production and operating expenses by 4% YoY during the period.

$COP {{ '2017-05-02T11:51:10+0000' | timeago}} • Announcement

In 2Q17, $COP's production is expected to be 1,495 to 1,535 MBOED, which excludes Libya and does not reflect impacts from the recently announced Canada and San Juan Basin dispositions. The company’s FY17 guidance items were unchanged.

$COP {{ '2017-05-02T11:48:01+0000' | timeago}} • Announcement

Energy corporation $COP posted a profit in 1Q17 after a series of losing quarters, helped by tax benefits and higher realized prices. Net earnings were $0.8Bil, or $0.62 per share, compared to a 1Q16 loss of $1.5Bil, or $1.18 per share. Excluding special items, net loss was $0.02 per share. Revenue rose 54% to $7.77Bil.

$COP {{ '2017-02-02T17:52:35+0000' | timeago}} • Webcast

For 2017, $COP expects depreciation expense to decline to $8Bil versus $9.1Bil in 2016. Exploration expense is expected to be $200MM versus approx. $700MM in 2016, reflecting the wind down of deepwater activity.

$COP {{ '2017-02-02T17:40:29+0000' | timeago}} • Webcast

$COP increased quarterly dividend by 6% to 26.5 cents. The company has set a target to reduce the debt to $20Bil by the end of 2019 and reduced debt by $1.4Bil in 4Q16. In mid-November, $COP started the share buyback under the initial $3Bil authorization.

$COP {{ '2017-02-02T17:28:06+0000' | timeago}} • Announcement

$COP's production, excluding Libya, for 4Q16 declined by 12 thousand barrels of oil equivalent per day (MBOED) from last year. The decrease was the result of normal field decline and dispositions, partly offset by new production from major projects and development programs, improved well performance, and lower downtime.

$COP {{ '2017-02-02T17:27:16+0000' | timeago}} • Announcement

$COP reported a narrower 4Q16 loss, driven by higher revenue as well as lower costs and expenses. Net loss narrowed to $35MM or $0.03 per share from $3.5Bil or $2.78 per share last year. Revenue grew to $7.25Bil from $6.77Bil. Adjusted loss per share narrowed to $0.26 from $0.90.

$COP {{ '2017-02-02T14:02:22+0000' | timeago}} • Announcement

$COP expects 2017 production of 1,540-1,570 thousand barrels of oil equivalent per day (MBOED), which is flat to 2% growth over last year. Capital expenditures are expected to be $5Bil, and production and operating expenses are estimated to be $6.1Bil. $COP sees 1Q17 production of 1,540-1,580 MBOED.

$COP {{ '2016-10-27T17:28:01+0000' | timeago}} • Webcast

$COP expects to add four rigs in Eagle Ford and four rigs in the Bakken regions in 2016. The company will be looking to add rigs in its Permian acreage in 2017. $COP is seeing progress in recoveries and costs in the Bakken and Eagle Ford regions which is the reason the company allocated the additional rigs in these places.

$COP {{ '2016-10-27T17:17:48+0000' | timeago}} • Webcast

$COP said the APLNG Train 2 had a smooth startup and has been ramping up with no issues so far. Train 1 continues to run at more than 10% over the nameplate capacity. The company is focused on the upstream on ramping up gas supply to run both trains at full capacity. $COP believes it could achieve this target in 2Q17.

$COP {{ '2016-10-27T17:00:35+0000' | timeago}} • Webcast

$COP started 2016 with a Capex projection of $6.4Bil and flat volumes. The company is currently down to $5.2Bil in Capex with a 3% increase in volumes, adjusting for dispositions. This progress was helped by cost reductions and $COP is getting bigger savings in 2H16 in Alaska, Europe and the Far East.

$COP {{ '2016-10-27T16:52:11+0000' | timeago}} • Webcast

$COP said due to the falling prices and soft market, the company put a hold on asset sales. $COP has set a goal of achieving $1-2Bil in asset sales in a weak market and has set the guidance at around $1Bil for 2016. In a better market, the company has set the goal at around $2Bil. As prices recover, $COP will look for opportunities in asset sales.

$COP {{ '2016-10-27T16:24:49+0000' | timeago}} • Webcast

In 3Q16, $COP achieved production of 1,557MBOED, driven by better than expected performance in Canada, Norway, Lower 48 unconventionals and Malaysia. In Canada, Surmont fully recovered from wildfire impacts and achieved more than 100,000 barrels a day of gross production in mid-October. First production was achieved at APLNG Train 2 in Australia.

$COP {{ '2016-10-27T16:12:31+0000' | timeago}} • Webcast

$COP exceeded the high end of its production guidance range in 3Q16, delivering 4% underlying production growth YoverY. The company generated $1.23Bil of operating cash flow, excluding working capital. $COP achieved an 18% reduction in adjusted operating costs compared to 3Q15.

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