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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.
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July 31, 2014
07:06 EDTCOPConocoPhillips says on track for 3%-5% volume, margin growth in 2014
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07:04 EDTCOPConocoPhillips reports Q2 EPS $1.61, consensus $1.60
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July 30, 2014
15:40 EDTCOPNotable companies reporting before tomorrow's open
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10:12 EDTCOPOando Energy Resources to hold a teleconference
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07:14 EDTCOPConocoPhillips completes sale of Nigeria business for $1.5B
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July 29, 2014
08:19 EDTCOPConocoPhillips management to meet with Oppenheimer
Meeting to be held in Texas on August 5 hosted by Oppenheimer.
July 21, 2014
08:16 EDTCOPFMC Technologies signs agreement to develop susbsea equipment and systems
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