|Day's range||0.7100 - 0.8200|
Gaining control of Surmont's production will help ConocoPhillips (COP) reach its goal of returning $11 billion in cash to shareholders in 2023.
(Reuters) -ConocoPhillips said on Friday it was buying the 50% stake in the Surmont oil facility held by TotalEnergies' Canadian subsidiary for about $3 billion, giving it full ownership and elbowing away rival Suncor Energy. Canada's Alberta oil sands hold some of the world's largest crude reserves, which appeal to cash-flush producers looking to bolster production. Suncor last month agreed to buy TotalEnergies’ Canadian operations for C$5.5 billion ($4.11 billion), including Total's 50% stake in Surmont, which ConocoPhillips operates.
HOUSTON, May 26, 2023--ConocoPhillips today announced that it is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies.
ConocoPhillips (COP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
HOUSTON, May 23, 2023--ConocoPhillips announced pricing terms of the tender offer to purchase outstanding debt securities.
HOUSTON, May 23, 2023--ConocoPhillips announced early results of tender offer of ConocoPhillips and its wholly-owned subsidiary to purchase outstanding debt securities.
Cyclical companies that pay sizable dividends offer a balance of passive income and growth potential.
Favorable oil price is aiding ConocoPhillips' (COP) bottom line.
Today's Research Daily features new research reports on 16 major stocks, including PepsiCo, Inc. (PEP), Salesforce, Inc. (CRM) and Advanced Micro Devices, Inc. (AMD).
Zacks.com users have recently been watching ConocoPhillips (COP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
HOUSTON, May 09, 2023--ConocoPhillips Announces Upsize of Previously Announced Cash Tender Offer
HOUSTON, May 09, 2023--ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company, have commenced a cash tender offer.
Although the revenue and EPS for ConocoPhillips (COP) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
On the call today are several members of the ConocoPhillips leadership team, including Ryan Lance, chairman and CEO; Bill Bullock, executive vice president and chief financial officer; Dominic Macklon, executive vice president of strategy, sustainability and technology; Nick Olds, executive president of Lower 48; Andy O'Brien, senior vice president of global operations; and Tim Leach, advisor to the CEO. Ryan and Bill will kick off the call with opening remarks, after which the team will be available for your questions.
Higher oil equivalent production aids ConocoPhillips' (COP) Q1 earnings.
ConocoPhillips (COP) delivered earnings and revenue surprises of 17.82% and 1.34%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
(Reuters) -ConocoPhillips on Thursday raised its full-year production outlook as higher oil output helps the U.S. shale producer mitigate the impact of lower prices, sending its shares up more than 2% in morning trade. Conoco also joined larger rivals Exxon Mobil Corp and Chevron Crop in posting upbeat first-quarter results. The largest U.S. independent oil company raised the midpoint of its annual production forecast range by 10,000 barrels of oil equivalent per day (boepd).
HOUSTON, May 04, 2023--ConocoPhillips (NYSE: COP) today reported first-quarter 2023 earnings and adjusted earnings of $2.9 billion, or $2.38 per share, compared with first-quarter 2022 earnings of $5.8 billion, or $4.39 per share, and first-quarter 2022 adjusted earnings of $4.3 billion, or $3.27 per share.
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ConocoPhillips, EOG Resources and PBF Energy are included in this Analyst Blog.
Exposure to refining strength is likely to have boosted HF Sinclair's (DINO) profit levels in the first quarter though higher costs might have neutralized those positives.
ConocoPhillips (COP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
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PHX Minerals (PHX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.