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ConocoPhillips Message Board

  • buybackerer buybackerer Apr 10, 2014 5:18 PM Flag

    COP management comment

    ConocoPhillips raises estimate for Eagle Ford assets but shares -1.9% • 12:51 PM
    •ConocoPhillips (COP -1.9%) raises its estimate for the size of its Eagle Ford resource base by 40% and reaffirms its long-term production and margin growth targets and capital spending plans.
    •COP now estimates Eagle Ford barrels of oil in place totals ~2.5B vs. 1.8B in a prior estimate, and projects production to increase to more than 250K boe/day by 2017.
    •Reaffirms its objective to deliver double-digit returns annually and consistently deliver 3%-5% compound annual growth in production and margins.
    •Plans to execute a disciplined capital program of ~$16B/year over the next several years

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