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ConocoPhillips - COP STOCK NEWS

Welcome to our dedicated page for ConocoPhillips news (Ticker: COP), a resource for investors and traders seeking the latest updates and insights on ConocoPhillips stock.

ConocoPhillips (symbol: COP) is a prominent American multinational corporation engaged in hydrocarbon exploration and production, headquartered in the Energy Corridor district of Houston, Texas. As a leading independent exploration and production firm in the U.S., ConocoPhillips is dedicated to discovering and developing oil and natural gas resources globally.

In 2023, ConocoPhillips achieved a significant milestone by producing an average of 1.2 million barrels per day of oil and natural gas liquids, along with 3.1 billion cubic feet per day of natural gas. The company's operations span several key regions, including Alaska, the Lower 48 states in the U.S., Norway in Europe, and multiple countries in the Asia-Pacific and Middle East.

The company's proven reserves at the end of 2023 were an impressive 6.8 billion barrels of oil equivalent, showcasing its robust portfolio and long-term potential. This extensive reserve base underscores ConocoPhillips' capacity to meet global energy demands while maintaining a strong financial footing.

ConocoPhillips is continually involved in new projects and strategic partnerships aimed at enhancing its production capabilities and expanding its reach. The company's commitment to sustainable practices and technological innovation positions it as a key player in the energy sector. Recent achievements include advancements in digital oilfield technology, which optimize exploration and production processes, thereby improving efficiency and reducing environmental impact.

Investors and stakeholders can keep abreast of the latest developments and performance metrics of ConocoPhillips through regular updates and news releases. The company's proactive approach to communication ensures transparency and provides valuable insights into its operations and strategic direction.

For more detailed and up-to-date information about ConocoPhillips, including its financial performance and ongoing projects, visit the official website or track news updates on platforms like StockTitan.

News

AM Best Affirms Credit Ratings of Sooner Insurance Company

Rhea-AI Summary
AM Best affirms Sooner Insurance Company's ratings of A (Excellent) with a stable outlook. Sooner's strong balance sheet, operating performance, and risk management are highlighted, backed by its parent ConocoPhillips. The captive insurer provides property damage and liability coverage to ConocoPhillips and subsidiaries.
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ConocoPhillips announces Dominic Macklon to retire after 33 years with the company

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ConocoPhillips (COP) announces the retirement of Dominic Macklon, executive vice president, after 33 years of service due to family medical reasons. He played a crucial role in the company's strategic development and sustainability efforts, leading various business units and functions.
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ConocoPhillips reports fourth-quarter and full-year 2023 results, 123% preliminary reserve replacement ratio; announces 2024 guidance and planned return of capital of $9B; declares quarterly ordinary dividend and variable return of cash distribution

Rhea-AI Summary
ConocoPhillips (COP) reported fourth-quarter 2023 earnings of $3.0 billion, or $2.52 per share, compared to $3.2 billion, or $2.61 per share, in fourth-quarter 2022. Full-year 2023 earnings were $11.0 billion, or $9.06 per share, compared to $18.7 billion, or $14.57 per share, in full-year 2022. The company distributed $11.0 billion to shareholders and achieved a 17% return on capital employed. However, earnings decreased due to lower prices, and the total average realized price was 18% lower than the previous year. The company's 2024 planned return of capital to shareholders is $9 billion, with a first-quarter 2024 production expected to be 1.88 to 1.92 million barrels of oil equivalent per day.
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ConocoPhillips Makes Final Investment Decision to Develop the Willow Project

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ConocoPhillips (COP) approves Willow project in Alaska, projecting $8-17 billion in new revenue and 600 million barrels of oil production. The project aims to decrease American dependence on foreign energy supplies and create over 2,500 construction jobs and 300 long-term jobs.
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ConocoPhillips to Hold Fourth-Quarter Earnings Conference Call on Thursday, Feb. 8

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ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Feb. 8, 2024, at 12:00 p.m. Eastern time to discuss fourth-quarter 2023 financial and operating results as well as 2024 guidance items. The company’s financial and operating results will be released before the market opens on Feb. 8.
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ConocoPhillips Reports Third-Quarter 2023 Results; Announces 14% Increase in Quarterly Ordinary Dividend

Rhea-AI Summary
ConocoPhillips reported third-quarter 2023 earnings of $2.8 billion, a decrease from $4.5 billion in the same period last year. Adjusted earnings were $2.6 billion, down from $4.6 billion. The company achieved record production and raised full-year guidance. They also announced a 14% increase in the quarterly dividend. However, earnings and adjusted earnings decreased due to lower prices.
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ConocoPhillips Completes Purchase of Remaining 50% Interest in Surmont

Rhea-AI Summary
ConocoPhillips completes purchase of remaining 50% interest in Surmont from TotalEnergies for $2.7 billion cash, becoming 100% owner and operator. Transaction expected to deliver significant free cash flow. On track to achieve GHG emission intensity reduction goals. Plans for future operational emissions reduction.
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ConocoPhillips to Hold Third-Quarter Earnings Conference Call on Thursday, Nov. 2

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ConocoPhillips to host conference call on Nov. 2, 2023, to discuss Q3 financial and operating results.
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ConocoPhillips to Further Diversify Global LNG Portfolio with Additional Long-Term Agreement for European Regas Capacity

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ConocoPhillips signs commercial agreement for additional regasification capacity at Gate LNG terminal in the Netherlands, enhancing their global LNG strategy.
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ConocoPhillips Reports Second-Quarter 2023 Results; Raises Full-Year Production Guidance and Declares Quarterly Dividend and Variable Return of Cash Distribution

Rhea-AI Summary
ConocoPhillips (COP) reports Q2 2023 earnings of $2.2 billion, an increase in production, and updates full-year guidance. The company achieved record production, executed strategic agreements, and distributed $2.7 billion to shareholders. The earnings and adjusted earnings decreased from Q2 2022 due to lower prices, but the company remains constructive on the long-term outlook for the sector.
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FAQ

What is the current stock price of ConocoPhillips (COP)?

The current stock price of ConocoPhillips (COP) is $113.43 as of November 20, 2024.

What is the market cap of ConocoPhillips (COP)?

The market cap of ConocoPhillips (COP) is approximately 130.1B.

What is the primary business of ConocoPhillips?

ConocoPhillips is primarily engaged in hydrocarbon exploration and production.

Where is ConocoPhillips headquartered?

ConocoPhillips is headquartered in the Energy Corridor district of Houston, Texas.

What was ConocoPhillips' oil and gas production in 2023?

In 2023, ConocoPhillips produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas.

What are ConocoPhillips' proven reserves as of year-end 2023?

As of year-end 2023, ConocoPhillips' proven reserves were 6.8 billion barrels of oil equivalent.

Which regions does ConocoPhillips operate in?

ConocoPhillips operates in the United States (Alaska and Lower 48), Norway, and several countries in the Asia-Pacific and the Middle East.

What recent achievements has ConocoPhillips made?

Recent achievements include advancements in digital oilfield technology, improving efficiency and reducing environmental impact.

How can investors get updates on ConocoPhillips?

Investors can get updates through the company's official website and news platforms like StockTitan.

What is ConocoPhillips' approach to sustainability?

ConocoPhillips is committed to sustainable practices and technological innovation to reduce environmental impact.

What is ConocoPhillips' production capacity?

ConocoPhillips has a significant production capacity with 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas.

Does ConocoPhillips have partnerships in place?

Yes, ConocoPhillips is involved in strategic partnerships to enhance production capabilities and expand its reach.

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ConocoPhillips

NYSE:COP

COP Rankings

#98 Ranked by Market Cap
#1145 Ranked by Dividends

COP Stock Data

130.09B
1.15B
0.09%
84.7%
1.94%
Oil & Gas E&P
Petroleum Refining
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United States of America
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