66.97 0.00 (0.00%)
After hours: 6:03PM EDT
|Bid||67.00 x 400|
|Ask||67.18 x 300|
|Day's Range||65.10 - 67.13|
|52 Week Range||42.27 - 67.30|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.14 (1.73%)|
|1y Target Est||N/A|
ConocoPhillips (COP.N), the world's largest independent oil and gas exploration and production company, posted a bigger-than-expected first-quarter profit on Thursday, helped by rising crude prices (CLc1) and cost cuts. Results at Conoco, like many of its peers, have steadily improved in recent quarters alongside commodity prices and as better technology makes operations more efficient. Conoco's stock has risen as the company has prioritized cost cuts and asset sales over production increases.
By Ernest Scheyder HOUSTON (Reuters) - ConocoPhillips , the world's largest independent oil and gas exploration and production company, posted a bigger-than-expected first-quarter profit on Thursday, helped by rising crude prices and cost cuts. Results at Conoco, like many of its peers, have steadily improved in recent quarters alongside commodity prices and as better technology makes operations more efficient. Conoco's stock has risen as the company has prioritized cost cuts and asset sales over production increases.
ConocoPhillips easily beat first-quarter profit forecasts as oil prices rose and expenses dropped, ahead of results from Exxon Mobil and Chevron.
Venezuela said on Thursday a $2.04 billion award to ConocoPhillips over a decade-old nationalization was a "tough lesson" for the U.S. oil multinational given it was less than 10 percent of the original claim. President Nicolas Maduro's government added in a statement that it would analyze the possibility of appealing Wednesday's ruling by the International Chamber of Commerce (ICC) against Venezuela's state-run oil company PDVSA. Conoco's assets in Venezuela were expropriated in 2007 following nationalization of the country's oil industry led by then-President Hugo Chavez.
On April 25, the EIA released the weekly US crude oil production data. The EIA reported that US crude oil production rose by 46,000 bpd (barrels per day) to a record high of 10,586,000 bpd on April 13–20. The production also increased by 1,321,000 bpd or ~14.3% YoY (year-over-year).
Leading ConocoPhillips (NYSE:COP) as the CEO, Ryan Lance took the company to a valuation of US$76.49B. Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing.Read More...
The Houston-based company said it had profit of 75 cents per share. Earnings, adjusted to extinguish debt and for non-recurring costs, were 96 cents per share. The results beat Wall Street expectations. ...
ConocoPhillips, the largest US exploration and production company, has revised up its projection of expected output for 2018, following first quarter earnings that were well above expectations. The company ...
CARACAS, Venezuela (AP) — ConocoPhillips said Wednesday that it won a $2 billion arbitration award against Venezuela's state oil company, compounding the financial woes of the socialist-run nation as it struggles to feed its population.
An international arbitration court has ordered Venezuela's state-run oil company PDVSA to pay ConocoPhillips (COP.N) $2.04 billion for early dissolution of two joint ventures for producing oil in the OPEC-member country, the U.S. firm said on Wednesday. Conoco's assets in Venezuela were expropriated in 2007 following a nationalisation of the country's oil industry led by late President Hugo Chavez.
won a $2 billion arbitration against Venezuela’s state-controlled oil company over the 2007 expropriation of two oil projects, though the Houston-based oil producer faces obstacles collecting the award. The ruling on Wednesday, by a tribunal representing the International Chamber of Commerce, will have to be confirmed by the U.S. District Court in New York. It is among the biggest so far against Venezuela’s national oil company, Petróleos de Venezuela SA, or PdVSA.
CARACAS, Venezuela (AP) — ConocoPhillips says it won $2 billion arbitration award against Venezuela's state oil company over asset seizures.
ConocoPhillips (COP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
ConocoPhillips, the US exploration and production group, has been awarded $2.04bn in compensation from PDVSA, Venezuela’s national oil company, in an arbitration decision by the International Chamber of Commerce. The award relates to the forced nationalisation in 2007 of Conoco’s stakes in two extra-heavy oil projects in Venezuela’s Orinoco Belt, under former president Hugo Chávez. Conoco had claimed maximum compensation of $17bn.
The yield difference is important, here, but it's not the only reason dividend investors should prefer Exxon over ConocoPhillips.
Higher oil prices are likely to send U.S. oil stocks soaring this year, with earnings and profits on track to be the highest in over a decade