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Kosmos Energy Ltd. - KOS STOCK NEWS

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

Kosmos Energy Ltd. (NYSE: KOS) is a pioneering independent oil and gas exploration and production company focused on frontier and emerging areas along the Atlantic Margin. Established in 2003, Kosmos Energy has dedicated itself to creating value for stakeholders, including investors, employees, and the communities in which it operates. The company’s core assets include established production sites and significant development projects offshore Ghana, as well as groundbreaking discoveries offshore Mauritania and Senegal.

Kosmos Energy’s portfolio showcases a range of exploration licenses with substantial hydrocarbon potential in offshore regions such as Mauritania, Morocco, Senegal, Suriname, and Western Sahara. The company's success is underpinned by a rigorous geologically based approach to exploration, which entails comprehensive geologic studies, basin modeling, and advanced 3D seismic analysis to identify promising petroleum systems.

The company is committed to ethical practices, transparency, and corporate responsibility. Kosmos Energy’s business principles highlight its dedication to human rights, safety, and environmental stewardship. This ethos ensures that the company not only excels in subsurface operations but also maintains a strong, positive impact above ground.

Recent achievements for Kosmos Energy include accelerated production field developments and the identification of numerous prospective traps through meticulous subsurface and country-specific analyses. These efforts ensure that the company remains at the forefront of the industry, driving growth and innovation in oil and gas exploration and production.

Stay updated with the latest news and developments from Kosmos Energy Ltd., which continually strives to uphold its values of transparency, ethical conduct, and corporate responsibility while delivering substantial value to all its stakeholders.

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Kosmos Energy has increased its working interest to 90% and assumed operatorship of the Yakaar-Teranga gas discoveries offshore Senegal. The field holds around 25 trillion cubic feet (Tcf) of advantaged gas and the project aims to provide cost-competitive gas to the domestic market and export volumes to international markets. The project is expected to lower emissions and establish Senegal as a reliable energy supplier.
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Kosmos Energy Ltd. reported its financial and operating results for Q3 2023. The company generated a net income of $85 million, or $0.18 per diluted share. Adjusted net income was $126 million, or $0.26 per diluted share. Net production averaged around 68,200 boepd, with sales of around 73,100 boepd. Revenues were $526 million, and production expense was $139 million. Capital expenditures were $193 million.
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Kosmos Energy announces oil discovery in U.S. Gulf of Mexico
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Kosmos Energy announces schedule for Q3 2023 results
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Kosmos Energy Ltd. (KOS) announced its Q2 2023 financial and operational results, generating a net income of $23 million or $0.05 per diluted share. Adjusted net income was $27 million or $0.06 per diluted share. Revenues were $273 million, with net production of ~58,000 boepd and sales of ~45,200 boepd. The company had a net material underlift position of approximately 1 million barrels at the end of the quarter. Kosmos exited Q2 2023 with approximately $2.3 billion of net debt and available liquidity of approximately $0.7 billion.
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Kosmos Energy and its partners have successfully started production at the Jubilee South East (JSE) project offshore Ghana. The first production well is already online, with a second well expected to start production this month. These two wells are expected to increase Jubilee production to over 100,000 barrels of oil per day (bopd) gross. The partnership plans to maintain this increased production through an ongoing infill drilling program. The project has invested approximately $1 billion over the last three years and has utilized local suppliers and workforce, showcasing the development of Ghana's oil and gas industry.
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Kosmos Energy has appointed three new directors to its Board effective April 25, 2023. The new members are Maria Moræus Hanssen, Sir John Grant, and J. Mike Stice, each bringing extensive expertise in international operations and LNG. Sir Richard Dearlove will not seek re-election after serving since 2012. Moræus Hanssen has over 30 years in upstream energy, while Grant has significant government relations experience. Stice has a 40-year career in the gas industry, including roles at Conoco. The leadership change aims to strengthen the company's strategy amidst a complex energy landscape.

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Kosmos Energy (NYSE: KOS) has announced its schedule for the first quarter 2023 results. The earnings release will occur on Tuesday, May 9, 2023, before the UK market opens. Investors can access the release through Kosmos Energy's website, Business Wire, and Regulatory News Service.

A conference call is set for the same day at 11:00 a.m. EST, available via telephone and webcast. For those wishing to listen in, the toll-free dial-in numbers include US: 1-877-407-0784, and International: 1-201-689-8560. A replay of the conference call will be accessible for 90 days post-event at investors.kosmosenergy.com.

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FAQ

What is the current stock price of Kosmos Energy Ltd. (KOS)?

The current stock price of Kosmos Energy Ltd. (KOS) is $3.28 as of January 29, 2025.

What is the market cap of Kosmos Energy Ltd. (KOS)?

The market cap of Kosmos Energy Ltd. (KOS) is approximately 1.5B.

What is the primary focus of Kosmos Energy Ltd.?

Kosmos Energy Ltd. focuses on oil and gas exploration and production in frontier and emerging areas along the Atlantic Margin.

What are some of Kosmos Energy’s core assets?

Core assets include existing production sites offshore Ghana and major discoveries offshore Mauritania and Senegal.

What exploration techniques does Kosmos Energy utilize?

The company uses geologic studies, basin modeling, and 3D seismic analysis to identify promising petroleum systems.

Where does Kosmos Energy hold exploration licenses?

Kosmos holds exploration licenses offshore Mauritania, Morocco, Senegal, Suriname, and Western Sahara.

When was Kosmos Energy founded?

Kosmos Energy was founded in 2003.

What principles guide Kosmos Energy’s operations?

The company is guided by principles of transparency, ethics, human rights, safety, and environmental stewardship.

How does Kosmos Energy create value for stakeholders?

By focusing on ethical practices, rigorous exploration techniques, and advanced field developments to ensure sustained growth and innovation.

Where can I find the latest news about Kosmos Energy?

You can stay updated with the latest news and developments on the company’s official website and financial news platforms.

What is Kosmos Energy’s approach to corporate responsibility?

Kosmos Energy emphasizes corporate responsibility through ethical conduct, community engagement, and environmental stewardship.

What is the ticker symbol for Kosmos Energy Ltd.?

The ticker symbol for Kosmos Energy Ltd. is KOS.
Kosmos Energy Ltd.

NYSE:KOS

KOS Rankings

KOS Stock Data

1.51B
461.67M
2.11%
101.14%
8.6%
Oil & Gas E&P
Crude Petroleum & Natural Gas
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United States of America
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