Welcome to our dedicated page for ConocoPhillips news (Ticker: COP), a resource for investors and traders seeking the latest updates and insights on ConocoPhillips stock.
ConocoPhillips reports recurring developments for a global independent exploration and production company focused on oil and natural gas. News commonly covers quarterly operating and financial results, production from the total company and Lower 48 assets, cash from operations, capital guidance, ordinary dividends, and share repurchases.
Company updates also describe portfolio activity across oil, gas, and LNG, including commercial LNG offtake strategy and international operating interests. Earnings-call notices, annual guidance, and return-of-capital plans are recurring themes in COP news.
ConocoPhillips (NYSE: COP) has announced a rise in its quarterly dividend from 42 cents to 43 cents per share, payable on December 1, 2020 to stockholders on record as of October 19, 2020. With $63 billion in total assets and an average production of 1,130 MBOED in the first half of 2020, the company operates across 16 countries, highlighting its significant global presence.
ConocoPhillips (NYSE: COP) announced a $1 billion share repurchase plan for Q4 2020, funded by available cash. The company expects third-quarter production volumes of 1,050 to 1,070 MBOED, reflecting a net curtailment of 90 MBOED due to planned seasonal turnarounds. The average realized prices for the quarter are estimated at $30 to $32 per BOE. Adjusted operating costs are projected between $1,180 and $1,250 million, with DD&A costs estimated at $1,380 to $1,450 million.