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 (NYSE: COP) is a leading global energy company focused on responsible hydrocarbon exploration and production. This news hub provides investors and industry observers with timely updates on corporate developments, operational milestones, and strategic initiatives shaping the company's position in the evolving energy landscape.
Access authoritative coverage of COP's quarterly earnings reports, asset acquisitions, sustainability progress, and operational updates from key regions including Alaska, the Permian Basin, and international markets. Our curated news collection enables stakeholders to track production trends, capital allocation decisions, and responses to energy market dynamics.
Key focus areas include COP's advancements in low-emission technologies, partnerships in major energy projects, and responses to global energy demand shifts. All content is verified through primary sources including SEC filings and official company communications to ensure accuracy.
Bookmark this page for centralized access to material developments affecting ConocoPhillips' market position. Check regularly for updates on operational efficiency improvements, resource base expansions, and environmental stewardship initiatives in the upstream energy sector.
ConocoPhillips (NYSE: COP) plans to become the upstream operator of Australia Pacific LNG (APLNG), following EIG's transaction with Origin Energy. ConocoPhillips will purchase up to an additional 2.49% of APLNG for $0.5 billion, increasing its shareholding from 47.5% to 49.99%. This transaction, expected to close in early 2024, is contingent upon EIG's deal closure and regulatory approvals. APLNG currently supplies 20-30% of natural gas to Australia's East Coast and continues to export to China and Japan. For the full year 2022, ConocoPhillips produced approximately 136 MBOED from APLNG.
ConocoPhillips (NYSE: COP) will host a conference call webcast on May 4, 2023, at 12:00 PM Eastern time to discuss its first-quarter 2023 financial and operating results. The results will be released before the market opens on the same day. Investors can access the webcast through the company's Investor Relations site. ConocoPhillips is recognized as a leading exploration and production company, with a diverse asset portfolio and a daily production average of 1,738 thousand barrels of oil equivalent for the year ending December 31, 2022, alongside 6.6 billion barrels of proved reserves.
Sempra (NYSE: SRE) announced that its subsidiary, Sempra Infrastructure Partners, has made a final investment decision for the Port Arthur LNG Phase 1 project in Jefferson County, Texas. The project involves a joint venture with ConocoPhillips (NYSE: COP) and KKR's equity participation. A $6.8 billion non-recourse debt financing has been secured, and a final notice to proceed has been issued to Bechtel for construction. The facility aims for a nameplate capacity of approximately 13 million tonnes per annum, with long-term contracts already signed for 10.5 million tonnes. Expected commercial operations are in 2027 and 2028.
ConocoPhillips (COP) has received the Department of the Interior’s Record of Decision (ROD) for the Willow project in Alaska, allowing construction to begin on three core pads. The project aims to produce up to 180,000 barrels of oil per day and is expected to generate $8 billion to $17 billion in revenue for various stakeholders. It will create over 2,500 construction jobs and 300 permanent jobs, promoting energy security while maintaining environmental standards. The company looks to finalize internal approvals towards a Final Investment Decision.
ConocoPhillips (NYSE: COP) reported fourth-quarter 2022 earnings of $3.2 billion ($2.61/share), up from $2.6 billion ($1.98/share) in Q4 2021. Full-year 2022 earnings were $18.7 billion ($14.57/share), significantly higher than 2021's $8.1 billion ($6.07/share). Excluding special items, Q4 adjusted earnings were $3.4 billion ($2.71/share). The company returned $15 billion to shareholders, including a quarterly dividend of $0.51/share payable on March 1, 2023, and a variable return of cash (VROC) of $0.60/share payable on April 14, 2023. Production averaged 1,738 MBOED in 2022, and the company projects 2023 production guidance of 1.76 to 1.80 MMBOED.
ConocoPhillips (NYSE: COP) will hold its 2023 Analyst & Investor Meeting on April 12 at 8:30 a.m. ET in New York City. Key executives, including Chairman and CEO Ryan Lance, will present. A live webcast will be available on the company's Investor Relations website, along with an archived replay later that day. As of September 30, 2022, ConocoPhillips had operations in 13 countries, total assets of $95 billion, and an average production of 1,731 thousand barrels of oil equivalent per day. Proved reserves stood at 6.1 billion barrels of oil equivalent as of December 31, 2021.
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of 'a+' (Excellent) for
ConocoPhillips (NYSE: COP) will host a conference call on February 2, 2023, at 12:00 p.m. Eastern time to discuss its fourth-quarter 2022 financial results and 2023 guidance. The financial results will be released before the market opens on the same day. Interested parties can access the webcast via ConocoPhillips’ Investor Relations site. The event will be archived for later replay.
As of September 30, 2022, ConocoPhillips had approximately $95 billion in total assets and an average production of 1,731 thousand barrels of oil equivalent per day.
ConocoPhillips (NYSE: COP) has signed two long-term LNG supply agreements with QatarEnergy to deliver liquefied natural gas to Germany, with first deliveries expected in 2026. The agreements pertain to joint ventures involved in Qatar's North Field expansion projects. ConocoPhillips holds a 3.125% interest in the North Field East (NFE) project and a 6.25% interest in the North Field South (NFS) project. The deals aim to establish reliable LNG supplies to meet Germany's significant gas demand.
Sempra (NYSE: SRE) and ConocoPhillips (NYSE: COP) have signed a 20-year Sale and Purchase Agreement for 5 Mtpa of liquefied natural gas from the Port Arthur LNG project in Texas. ConocoPhillips will also acquire 30% equity in Phase 1 and manage feedgas supply requirements. This partnership aims to enhance energy security and support global energy supply needs. Sempra expects to make a final investment decision by Q1 2023 following recent contracts with Bechtel Energy for construction. Phase 1 is designed to produce approximately 13.5 Mtpa of LNG.
