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Stock Market & Financial Investment News

News Breaks
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%.
News For COP From The Last 14 Days
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December 16, 2014
14:55 EDTCOPExxon Mobil, peers win right to explore in Flemish Pass. Petro Global News says
Exxon Mobil (XOM) along with peers Suncor (SU) ConocoPhillips (COP) won the rights to explore a Canadian offshore block, Parcel 1, located in the Flemish Pass, says Petro Global News. The oil companies bid a record $559M for the rights with ExxonMobil getting a 40% interest in the parcel, while Suncor Energy and ConocoPhillips each receiving a 30% interest, added Petro Global News. Reference Link
December 14, 2014
17:07 EDTCOPOPEC's Badri says group will withstand oil price fall, Reuters says
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December 12, 2014
06:51 EDTCOPBrent crude oil fell to five year low, Reuters reports
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December 11, 2014
06:47 EDTCOPConocoPhillips volatility elevated on lower energy prices
ConocoPhillips overall option implied volatility of 43 compares to its 26-week average of 19 according to Track Data, suggesting large price movement.
06:06 EDTCOPCenovus Energy decides to slow down development plans at Narrows Lake
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December 10, 2014
08:06 EDTCOPConocoPhillips volatility elevated as WTI trades below $63
ConocoPhillips overall option implied volatility of 33 compares to its 26-week average of 19 according to Track Data, suggesting large price movement.
December 9, 2014
06:05 EDTCOPEnergy Recovery sells first IsoBoost system to ConocoPhillips
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December 8, 2014
08:31 EDTCOPConocoPhillips sets 2015 capital budget of $13.5B, down 20% vs. 2014
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07:53 EDTCOPClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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December 5, 2014
07:43 EDTCOPLondon bankers see oil slump spurring energy industry consolidation, WSJ reports
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December 3, 2014
12:33 EDTCOPOil producers to push agenda in DC next year, Politico says
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