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Conoco Phillips - COP STOCK NEWS

Welcome to our dedicated news page for Conoco Phillips (Ticker: COP), a resource for investors and traders seeking the latest updates and insights on Conoco Phillips.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Conoco Phillips's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Conoco Phillips's position in the market.

Rhea-AI Summary
ConocoPhillips (COP) will host a conference call webcast on May 2, 2024, to discuss first-quarter financial results. The event will be accessible on their Investor Relations site, with a replay and transcript available later.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
Tags
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Rhea-AI Summary
AM Best affirms Sooner Insurance Company's ratings of A (Excellent) with a stable outlook. Sooner's strong balance sheet, operating performance, and risk management are highlighted, backed by its parent ConocoPhillips. The captive insurer provides property damage and liability coverage to ConocoPhillips and subsidiaries.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.67%
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none
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Rhea-AI Summary
ConocoPhillips (COP) announces the retirement of Dominic Macklon, executive vice president, after 33 years of service due to family medical reasons. He played a crucial role in the company's strategic development and sustainability efforts, leading various business units and functions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.8%
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none
Rhea-AI Summary
ConocoPhillips (COP) reported fourth-quarter 2023 earnings of $3.0 billion, or $2.52 per share, compared to $3.2 billion, or $2.61 per share, in fourth-quarter 2022. Full-year 2023 earnings were $11.0 billion, or $9.06 per share, compared to $18.7 billion, or $14.57 per share, in full-year 2022. The company distributed $11.0 billion to shareholders and achieved a 17% return on capital employed. However, earnings decreased due to lower prices, and the total average realized price was 18% lower than the previous year. The company's 2024 planned return of capital to shareholders is $9 billion, with a first-quarter 2024 production expected to be 1.88 to 1.92 million barrels of oil equivalent per day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.41%
Tags
dividends earnings
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Rhea-AI Summary
ConocoPhillips (COP) approves Willow project in Alaska, projecting $8-17 billion in new revenue and 600 million barrels of oil production. The project aims to decrease American dependence on foreign energy supplies and create over 2,500 construction jobs and 300 long-term jobs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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Rhea-AI Summary
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, Feb. 8, 2024, at 12:00 p.m. Eastern time to discuss fourth-quarter 2023 financial and operating results as well as 2024 guidance items. The company’s financial and operating results will be released before the market opens on Feb. 8.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.38%
Tags
Rhea-AI Summary
ConocoPhillips reported third-quarter 2023 earnings of $2.8 billion, a decrease from $4.5 billion in the same period last year. Adjusted earnings were $2.6 billion, down from $4.6 billion. The company achieved record production and raised full-year guidance. They also announced a 14% increase in the quarterly dividend. However, earnings and adjusted earnings decreased due to lower prices.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.59%
Tags
dividends earnings
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Rhea-AI Summary
ConocoPhillips completes purchase of remaining 50% interest in Surmont from TotalEnergies for $2.7 billion cash, becoming 100% owner and operator. Transaction expected to deliver significant free cash flow. On track to achieve GHG emission intensity reduction goals. Plans for future operational emissions reduction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.08%
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none
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Rhea-AI Summary
ConocoPhillips to host conference call on Nov. 2, 2023, to discuss Q3 financial and operating results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
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Rhea-AI Summary
ConocoPhillips signs commercial agreement for additional regasification capacity at Gate LNG terminal in the Netherlands, enhancing their global LNG strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.75%
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none
Conoco Phillips

NYSE:COP

COP Rankings

COP Stock Data

153.65B
1.17B
0.13%
83.82%
1.1%
Petroleum Refineries
Manufacturing
Link
US
Houston

About COP

ConocoPhillips Company is an American multinational corporation engaged in hydrocarbon exploration and production. It is based in the Energy Corridor district of Houston, Texas.