New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 18, 2012
08:32 EDTCOPConocoPhillips to sell Algerian business for $1.75B
ConocoPhillips announced it has entered into an agreement to sell its Algerian business unit for a total of $1.75B plus customary adjustments. The proposed sale is subject to co-venturer preemption rights and Algerian government approval. ConocoPhillips has entered into an agreement with Pertamina to sell its wholly-owned subsidiary, ConocoPhillips Algeria Ltd., which holds interests in three major onshore oil fields located either fully or partially in Block 405a, Menzel Lejmat North, Ourhoud and EMK. ConocoPhillips' 2012 net production from these fields averaged 11 thousand barrels of oil equivalent per day through October, and at Oct. 31, 2012, the net carrying value of ConocoPhillips' Algerian assets was approximately $850M. The transaction is anticipated to close by mid-2013. Through Sept. 30, 2012, the company's 2012-13 asset disposition program has yielded proceeds of $2.1B, Including this transaction, the company has announced additional asset sales that are expected to generate proceeds of approximately $7B when complete. Funds generated from these transactions are intended to be used for general corporate purposes.
News For COP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 16, 2014
13:54 EDTCOPGulf states to oppose OPEC oil production ceiling cut, WSJ says
Despite the recent turmoil in the oil market, Gulf nations including Saudi Arabia, Kuwait and the United Arab Emirates are seen as opposing OPEC oil-production ceiling cuts at next month's meeting, says the Wall Street Journal. 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
October 15, 2014
07:44 EDTCOPExxon, Shell behind rivals in lowering greenhouse gas emissions, WSJ reports
Subscribe for More Information
October 13, 2014
06:36 EDTCOPSaudi Arabia content to let oil prices stay low, Reuters reports
Subscribe for More Information
October 12, 2014
13:53 EDTCOPKuwaiti Minister says OPEC unlikely to cut production, WSJ says
Subscribe for More Information
13:45 EDTCOPSaudis take aggressive oil measures in Europe, WSJ says
Subscribe for More Information
October 10, 2014
10:31 EDTCOPConocoPhillips files arbitration agianst PDVSA for contractual compensation
Subscribe for More Information
06:22 EDTCOPConocoPhillips volatility increases as oil pulls back to multi-year lows
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use