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Stock Market & Financial Investment News

News Breaks
February 17, 2013
14:27 EDTCOP, CEOConocoPhillips back in operation at China offshore oil field, WSJ says
China's State Oceanic Administration said the Penglai 19-3 oil field in China's northern Bohai Bay could resume operations after making a number of unspecified changes, allowing ConocoPhillips (COP)to resume full operation at the offshore Chinese oil field after being sanctioned by Beijing over oil spills in 2011, says the Wall Street Journal. ConocoPhillips's China unit owns 49% of the field and China's Cnooc (CEO) owns the remainder. Reference Link
News For COP;CEO From The Last 14 Days
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April 11, 2014
12:42 EDTCOPOn The Fly: Analyst Upgrade Summary
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07:49 EDTCOPConocoPhillips upgraded at Morgan Stanley
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07:17 EDTCOPConocoPhillips upgraded to Equal Weight from Underweight at Morgan Stanley
April 10, 2014
11:39 EDTCOPConocoPhillips says plans to deliver double digit returns annually
ConocoPhillips reaffirmed its objective to deliver double-digit returns annually to shareholders at its Analyst Meeting held at the New York Stock Exchange. Members of the company’s executive leadership team outlined ConocoPhillips’ goal to consistently deliver 3%-5% compound annual growth in production and margins, with a compelling dividend, from a diversified, high-quality portfolio. In addition to updating analysts on the company’s investment programs and strong financial performance, ConocoPhillips highlighted its substantial U.S. unconventional position and announced an increase of its estimated resource base in the prolific Eagle Ford play. Based on its prime acreage position and technical knowledge, the company has increased its estimates from 1.8 billion to 2.5 billion barrels of oil in place. Production is also expected to increase from current volumes to more than 250 thousand barrels of oil equivalent a day by 2017. The company also affirmed its five strategic priorities to drive long-term performance: Deliver 3%-5% compound annual production growth; Generate 3%-5% compound annual margin growth over the next several years; Offer a compelling dividend; Focus on improving financial returns; Maintain a relentless focus on safety and execution. Over the next several years, ConocoPhillips plans to execute a disciplined capital program of approximately $16B per year and achieve the company’s organic reserve replacement target of more than 100%.
April 8, 2014
08:20 EDTCOPConocoPhillips to host analyst meeting
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April 7, 2014
06:31 EDTCEOCNOOC mulls sale of $3.1B Bridas stake, Bloomberg says
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