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Stock Market & Financial Investment News

News Breaks
January 15, 2013
07:31 EDTCOPConocoPhillips to record net earnings benefit of $120M after-tax in Q4
ConocoPhillips expects to record a net earnings benefit of approximately $120M after-tax in 4Q12. The transaction is expected to close in 1Q13. Including this transaction, the company has announced total asset sales of approximately $12B since the beginning of 2012. Proceeds from these divestitures will be used for general corporate purposes and allow the company to continue executing its existing growth programs and capture new opportunities for the future.
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October 30, 2014
07:03 EDTCOPConocoPhillips reports Q3 ex-items EPS $1.29, consensus $1.20
Reports Q3 production of 1,473 MBOED from continuing operations, excluding Libya, representing 4% growth year-over-year when adjusted for downtime. ConocoPhillips said it "is on track to meet its previously stated growth target of 3 to 5 percent volume and margin growth in 2014. Full-year 2014 production from continuing operations, excluding Libya, is expected to be approximately 1,525 to 1,535 MBOED. Fourth-quarter 2014 production guidance for continuing operations, excluding Libya, is being adjusted to reflect anticipated impacts from the absence of ramp gas sales from APLNG to a third-party LNG project, temporary third-party infrastructure constraints in Malaysia and value-driven ethane rejection in the Lower 48. Fourth-quarter production guidance is 1,545 to 1,575 MBOED."
October 29, 2014
15:41 EDTCOPNotable companies reporting before tomorrow's open
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October 26, 2014
17:07 EDTCOPVenezuela decides against Citgo sale, WSJ says
Venezuela has decided against selling its U.S. refining unit Citgo, says the Wall street Journal. Earlier this year Venezuelan officials indicated that they were looking to sell Citgo for as much as $10B, added 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

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