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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.

Rhea-AI Summary
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 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 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 host conference call on Nov. 2, 2023, to discuss Q3 financial and operating results.
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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 (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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Avnos, Inc. (Avnos) announces multi-year strategic and investment partnerships with ConocoPhillips, JetBlue Ventures, and Shell Ventures LLC, totaling over $80 million, to accelerate commercialization of Hybrid Direct Air Capture (HDAC™) technology. The HDAC technology captures both CO2 and water from the atmosphere, producing 5-10 tons of water for every ton of CO2 captured, and requires less than half the energy of competitors. The partnerships aim to address the rising global carbon dioxide emissions and support Avnos' deployment schedule for more efficient carbon removal.
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FAQ

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

The current stock price of ConocoPhillips (COP) is $95.12 as of December 20, 2024.

What is the market cap of ConocoPhillips (COP)?

The market cap of ConocoPhillips (COP) is approximately 123.3B.

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.

ConocoPhillips

NYSE:COP

COP Rankings

COP Stock Data

123.32B
1.15B
0.08%
75.21%
2.16%
Oil & Gas E&P
Petroleum Refining
Link
United States of America
HOUSTON