New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 13, 2014
11:07 EDTCOPConocoPhillips reaffirms goal to deliver double digit annual returns
ConocoPhillips today held its Annual Meeting of Stockholders where it reaffirmed its goal to deliver double-digit annual returns to shareholders. "ConocoPhillips is set for growth,” said Chairman and CEO Ryan Lance. “Our goal is to deliver 3 to 5 percent growth in both volumes and margins, with a compelling dividend. We believe there is clear demand for this kind of energy stock.” At the meeting, the company highlighted several key accomplishments in its first two years as an E&P company. These include: generating proceeds of $12.4B from the sale of non-core assets; delivering several major project startups; ramping up development drilling programs, primarily in the unconventionals; participating in four deepwater Gulf of Mexico exploration successes; and achieving a two-year average of 167% organic reserve replacement ratio. The company also raised its dividend in 2013 and remains committed to increases over time. During the meeting, the company also reiterated its five ongoing strategic priorities to drive long-term performance: Deliver 3%-5% compound annual production growth, as well as growth in reserves, through global drilling programs in legacy assets, unconventional assets and major projects. The company is also actively pursuing conventional and unconventional exploration opportunities that can sustain future growth; Generate 3%-5% compound annual margin growth over the next several years, at flat prices, by shifting the company’s production mix to higher-value products; Offer a compelling dividend; and Maintain a relentless focus on safety and execution. The company expects to spend an average of about $16B per year over the next several years to deliver its margin and volume growth. Over the next few years, the company will allocate 95% of its capital toward investments that deliver margins greater than the company’s average today.
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.
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
Subscribe for More Information
December 12, 2014
06:51 EDTCOPBrent crude oil fell to five year low, Reuters reports
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
December 8, 2014
08:31 EDTCOPConocoPhillips sets 2015 capital budget of $13.5B, down 20% vs. 2014
Subscribe for More Information
07:53 EDTCOPClimate for Exxon E&P acquisition improved by falling prices, WSJ says
Subscribe for More Information
December 5, 2014
07:43 EDTCOPLondon bankers see oil slump spurring energy industry consolidation, WSJ reports
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