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News Breaks
November 26, 2012
08:11 EDTCOPConocoPhillips expects to record after-tax impairment of approx. $400M in Q4
At Sept. 30, the carrying value of the net assets related to ConocoPhillips’ interest in Kashagan was approximately $5.5B. ConocoPhillips expects to record an after-tax impairment of approximately $400M in Q4 to reduce the carrying value to fair value.
News For COP From The Last 14 Days
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September 3, 2015
16:44 EDTCOPConocoPhillips clarifies previous response to Carbon Disclosure Project
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September 1, 2015
14:30 EDTCOPConocoPhillips confirms plans to lay off 10% of workforce, Chronicle reports
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12:34 EDTCOPConocoPhillips to lay off 400 employees in Canada, Globe and Mail says
ConocoPhillips is laying off 400 employees and 100 contractors in Canada, reports the Globe and Mail. Company spokesman Rob Evans said the 400 employees represent about 15% of the company's workforce in Canada. The cuts will take effect in mid-October. Reference Link
09:08 EDTCOPConocoPhillips safely delivers first oil at Surmont 2
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August 28, 2015
14:23 EDTCOPConocoPhillips volatility elevated as WTI oil rally's 7% to $45
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August 26, 2015
09:57 EDTCOPConocoPhillips considering offshore gas project to feed Darwin LNG, AFR reports
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August 23, 2015
17:49 EDTCOPIran to increase oil production as BP, Shell express interest, Bloomberg says
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August 20, 2015
06:10 EDTCOPAuction for drilling leases attracts little interest, NY Times reports
A federal auction for drilling leases in the Gulf of Mexico Wednesday attracted only $22.7M in sales from five companies, the lowest since 1986, reports the New York Times. Most companies have insisted they would not sacrifice production in future years, but executives have recently expressed concern that the oil price collapse could last through 2016 and possibly even 2017. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link

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