ConocoPhillips - COP STOCK NEWS

ConocoPhillips (COP) has announced the pricing terms for its private Exchange Offers, which include the Pool 1 and Pool 2 Offers for a total of nine series of notes from COP, Burlington, and CPCo. The Exchange Offers are set to expire on March 21, 2022, and will allow the exchange of old notes for cash and new senior notes due in 2042 and 2062. Key details include total consideration and cash payments for each series, with yields for the new notes being 4.025% and 3.758%, respectively. Eligibility is limited to qualified institutional buyers and certain professional investors.

ConocoPhillips (COP) announced the pricing details for its tender offer to purchase outstanding debt securities, including senior notes due in 2027, 2028, 2031, 2047, and 2048, amounting to nearly $1.5 billion. The total tender offer consideration incorporates a $30 early tender premium per $1,000 of notes. As of March 8, 2022, the early tender deadline has seen significant interest, potentially leading to no tenders accepted after this date. The offer is set to expire on March 21, 2022, with payments covering accrued interest expected on March 11, 2022.

ConocoPhillips (NYSE: COP) announced early results for its Exchange Offers on two pools of notes, targeting a total of up to $3 billion. The Pool 1 Offer involves exchanging notes for new senior notes due 2062, capped at $2 billion, while the Pool 2 Offer will issue new notes due 2042, capped at $1 billion. The offers are open until March 21, 2022, with settlement expected by March 11, 2022. Investors should verify eligibility to participate in this private exchange.

ConocoPhillips (NYSE: COP) announced early results from its debt securities tender offer, originally set at $1.8 billion but increased to approximately $3.1 billion. As of the March 7, 2022 deadline, about $2.72 billion of notes were validly tendered. Eligible note holders will receive a Total Tender Offer Consideration, including a $30 premium per $1,000. The Financing Condition for the offer has been satisfied, and the early settlement date is expected on March 11, 2022.

ConocoPhillips (NYSE: COP) has successfully completed the sale of its subsidiary, which owns a 54% stake in the Indonesia Corridor Block PSC and a 35% interest in Transasia Pipeline Company, to MedcoEnergi for $1.355 billion. The effective date is January 1, 2021, with estimated net cash from the sale around $0.8 billion. The sold assets produced 51 MBOED in 2021 and had proved reserves of approximately 70 million BOE. This divestment aligns with ConocoPhillips' strategy to focus investments on low-cost production opportunities.

ConocoPhillips (NYSE: COP) has initiated two private offers to exchange notes, totaling a maximum issuance of new senior notes of $3 billion. The Pool 1 Offer aims to exchange existing notes for up to $2 billion in New 2062 Notes, while the Pool 2 Offer targets $1 billion in New 2042 Notes. The exchange is structured to enhance the company's capital structure, with participation incentives including cash payments and fixed spreads over U.S. Treasury benchmarks. The offers are set to expire on March 21, 2022, and are contingent upon certain conditions, including total gross proceeds from a concurrent public offering.

ConocoPhillips (NYSE: COP) announces a private exchange offer for various series of notes totaling up to $3 billion. The Pool 1 Offer targets $2 billion in New 2062 Notes, while the Pool 2 Offer focuses on $1 billion in New 2042 Notes. The acceptance will be prioritized based on specified criteria outlined in accompanying offering documents. Eligible holders can participate through a structured timeline, with significant conditions including minimum issuance levels and compliance with U.S. and international securities regulations.

ConocoPhillips (COP) and its subsidiary Concho Resources Inc. have initiated a cash tender offer to buy back outstanding notes totaling $1.8 billion. The offer prioritizes specific series of notes, including 3.750% Senior Notes due 2027 and 4.300% Senior Notes due 2028. The Tender Offer is subject to conditions outlined in an Offer to Purchase dated February 22, 2022, and will expire on March 21, 2022. An early tender deadline is set for March 7, 2022, offering an early premium of $30 per $1,000 in principal.

ConocoPhillips has acquired an additional 10% shareholding in Australia Pacific LNG (APLNG) from Origin Energy for $1.645 billion, resulting in a total ownership interest of 47.5%. This acquisition, funded from the company's cash reserves, is expected to lead to approximately $1.8 billion in distributions from APLNG in 2022, of which about $0.5 billion is anticipated in Q1. The investment strengthens ConocoPhillips' position in the Asia Pacific market and underscores the role of LNG in the global energy transition.