iHub News
1月前
Glenfarne and ConocoPhillips reach long-term gas supply deal for Alaska LNG project (COP)May 18, 2026 8:38 AM
IH Market News Glenfarne Alaska LNG LLC and ConocoPhillips (NYSE:COP) Alaska have entered into a 30-year gas sales precedent agreement covering natural gas supply from Alaska’s North Slope for the first phase of the Alaska LNG development. Agreement supports Phase One investment plans According to the companies, the agreement secures enough gas volumes to support a final investment decision for Phase One of the project while also providing sufficient supply to help meet Alaska’s long-term energy demand.Glenfarne is advancing the Alaska LNG project through a two-phase development strategy.The first phase includes construction of a 739-mile, 42-inch natural gas pipeline designed to transport gas from the North Slope to consumers across Alaska.The second phase will involve the addition of LNG export infrastructure located in Nikiski. Major North Slope producers now aligned with project With the latest agreement, Alaska LNG now has supply arrangements in place with all three major producers operating on Alaska’s North Slope: ConocoPhillips, Exxon Mobil (NYSE:XOM), and Hilcorp Alaska.The project has also secured participation from Great Bear Pantheon LLC, a subsidiary of Pantheon Resources (LSE:PANR).“All major North Slope producers have now committed enough natural gas to support a Phase One final investment decision,” said Adam Prestidge, president of Glenfarne Alaska LNG.ConocoPhillips Alaska president Erec Isaacson said the company’s involvement in Alaska LNG supports dependable long-term access to North Slope gas resources while complementing the company’s broader investment activity in Alaska. Full project includes export capacity expansion The complete Alaska LNG development is expected to include an 807-mile pipeline system capable of transporting North Slope natural gas for both domestic consumption and LNG exports.The project is designed to produce approximately 20 million tonnes per year of LNG for international markets.Glenfarne currently owns a 75% interest in Alaska LNG, while the remaining 25% stake is held by the State of Alaska through the Alaska Gasline Development Corporation.ConocoPhillips stock priceExxonMobil stock price Original: Glenfarne and ConocoPhillips reach long-term gas supply deal for Alaska LNG project (COP)
iHub News
2月前
ConocoPhillips beats Q1 estimates but trims output outlook, shares slipApril 30, 2026 10:29 AM
IH Market News
ConocoPhillips (NYSE:COP) reported first-quarter 2026 results on Thursday that exceeded analyst expectations, though shares declined more than 2% in premarket trading after the company lowered its full-year production forecast due to disruptions affecting its Qatar operations.Adjusted earnings per share came in at $1.89, ahead of the $1.66 consensus estimate.The Houston-based energy producer posted net income of $2.2 billion, or $1.78 per share, down from $2.8 billion, or $2.23 per share, in the same quarter of 2025. Adjusted earnings totaled $2.3 billion, compared with $2.7 billion a year earlier.The company’s average realized price fell 6% year-over-year to $50.36 per barrel of oil equivalent, from $53.34 previously.Special items during the quarter were mainly tied to pending claims and settlements, as well as a loss related to a contingent liability adjustment.Total production averaged 2,309 thousand barrels of oil equivalent per day, down by 80 thousand barrels compared with a year earlier.On an adjusted basis, excluding acquisitions and divestments, production declined by 14 thousand barrels per day, or 1%, as growth in the Lower 48 was offset by downtime and higher royalty impacts at Surmont.Lower 48 output reached 1,453 thousand barrels per day, including 698 thousand barrels from the Delaware Basin, 367 thousand from Eagle Ford, 200 thousand from the Midland Basin, and 183 thousand from the Bakken.Cash generated from operations totaled $4.3 billion. Excluding a $1.1 billion working capital change, operating cash flow stood at $5.4 billion. Capital expenditures and investments were $2.9 billion during the quarter.The company returned capital to shareholders through $1.0 billion in share buybacks and $1.0 billion in dividends, while also repaying $0.1 billion of debt.ConocoPhillips ended the quarter with $6.7 billion in cash and short-term investments, alongside $1.2 billion in long-term investments.“Amid ongoing macro volatility, ConocoPhillips delivered another quarter of strong financial and operational performance,” said Chairman and Chief Executive Officer Ryan Lance, reiterating the company’s goal to return 45% of operating cash flow to shareholders in 2026.The company declared a second-quarter dividend of $0.84 per share, payable June 1, 2026, to shareholders of record as of May 11, 2026, equivalent to an annualized $3.36 per share and a yield of 2.6%.ConocoPhillips excluded Qatar from its second-quarter production guidance, citing uncertainty linked to the conflict, and expects output of 2.185 to 2.215 million barrels per day for the period.For the full year, the company now forecasts production of 2.295 to 2.325 million barrels per day, incorporating a 20 thousand barrel adjustment for Qatar and a 15 thousand barrel royalty-related impact at Surmont.Full-year capital spending is expected to range between $12.0 billion and $12.5 billion, including additional activity in the Permian Basin.ConocoPhillips stock price
Original: ConocoPhillips beats Q1 estimates but trims output outlook, shares slip
iHub News
2月前
Energy stocks rally worldwide as oil tops $100 amid renewed Hormuz concernsApril 13, 2026 5:18 AM
IH Market News
Global oil and gas equities moved higher on Monday as crude prices climbed back above $100 per barrel, following U.S. action to restrict maritime flows linked to Iran through the Strait of Hormuz after negotiations between Washington and Tehran broke down.Brent crude rose 7.3% to $102.16 per barrel by 08:35 GMT, while U.S. benchmark West Texas Intermediate jumped around 8% to $104.24. Both contracts had closed lower at the end of last week before reversing course.The rebound in oil prices lifted energy shares across major markets. In the U.S., ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) each gained more than 2% in premarket trading, while ConocoPhillips (NYSE:COP) advanced 3.4% and Occidental Petroleum (NYSE:OXY) rose 3.1%.In Europe, BP plc (LSE:BP.) and Shell plc (LSE:SHEL) both added around 1.4%, while TotalEnergies (EU:TTE) edged up 1.3% and Repsol (BIT:1REP) gained about 2%.U.S. President Donald Trump said on Sunday that the Navy would initiate a blockade of the Strait of Hormuz, escalating tensions after prolonged talks with Iran failed to deliver an agreement and putting a fragile two-week ceasefire at risk. He also warned that fuel costs could remain elevated through the November midterm elections.U.S. Central Command confirmed that the measure would take effect at 10 a.m. ET on Monday, targeting maritime traffic linked to Iranian ports in the Arabian Gulf and Gulf of Oman. However, vessels passing through the Strait to or from non-Iranian ports would still be allowed to transit, according to CENTCOM.The development comes shortly after a ceasefire had briefly eased tensions, reopening shipping routes through the Strait and driving oil prices sharply lower last week before the latest rebound.Rabobank energy strategist Joe DeLaura had cautioned during last week’s decline that oil markets were underestimating risks, stating that futures prices were “far too optimistic” and that there remained “so much risk to the upside” not yet reflected.“There’s permanent production loss from the shut ins in Saudi, Kuwait, UAE and Iraq. Refinery and pipeline damage plus the physical restart times, on top of the backlog of 800+ tankers trapped on the west side of the Strait,” he told Investing.com.“Brent futures seem to have a floor around $90, and I think no ceasefire (no easy opening of a mined strait of Hormuz) means that futures will eventually have to start matching physical markets around $120-130/bbl (or more!).”ExxonMobil stock priceChevron stock priceConocoPhillips stock priceOccidental Petroleum stock priceBP stock price
Original: Energy stocks rally worldwide as oil tops $100 amid renewed Hormuz concerns
iHub News
3月前
Oil stocks slide as crude drops after Trump signals potential end to Iran warApril 1, 2026 5:17 AM
IH Market News
Oil prices and shares of major energy producers declined on Wednesday after Donald Trump indicated the conflict in Iran could end within “two to three weeks.”Brent crude dropped to as low as $98.35 per barrel before recovering part of its losses to trade back above $102, as investors assessed the possibility that the conflict—which has disrupted global energy markets in recent months—may soon wind down.Energy companies moved lower alongside the drop in oil. ExxonMobil (NYSE:XOM) and Chevron each fell about 2% in premarket trading by 04:54 ET (08:58 GMT), while ConocoPhillips (NYSE:COP) declined 1.9%. European oil majors also weakened, with BP (LSE:BP.) and TotalEnergies (EU:TTE) both falling roughly 2%, and Italy’s Eni (BIT:ENI) down 2.7%.Speaking on Tuesday, Trump said: “Now we’re finishing the job. I think in two weeks or maybe a few days longer, we’ll do the job. We want to knock out everything they’ve got.”The remarks marked the clearest indication so far that Trump plans to bring the month-long conflict to an end. The war has reshaped geopolitical dynamics in the Middle East, rattled global energy markets and become a defining issue of his presidency.The U.S. president also said Iran would not need to sign a formal agreement with Washington for hostilities to cease.Financial markets elsewhere reacted positively to the prospect of a resolution. Asian stocks led the advance, with South Korea’s Kospi surging more than 8% and Japan’s Nikkei climbing 5.2%. Hong Kong’s Hang Seng rose 2%, while China’s CSI 300 gained 1.7%. European markets followed suit, with the FTSE 100 up 1.7% and the Stoxx 600 advancing 2.2% in early trading.Gold prices also continued their recent rally, rising 1.3% to trade above $4,700 per ounce, the highest level in nearly two weeks, after jumping 3.5% the previous day.Trump is scheduled to deliver a national address at 9 pm ET on Wednesday.ExxonMobil stock priceChevron stock priceConocoPhillips stock price
Original: Oil stocks slide as crude drops after Trump signals potential end to Iran war
US Market News
3月前
ConocoPhillips to hold first-quarter earnings conference call on Thursday, April 30March 19, 2026 12:00 PM
Business Wire
ConocoPhillips (NYSE: COP) will host a conference call webcast on Thursday, April 30, 2026, at 12:00 p.m. Eastern time to discuss first-quarter 2026 financial and operating results. The company’s financial and operating results will be released before the market opens on April 30.
To access the webcast, visit ConocoPhillips’ Investor Relations site, www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available for replay later the same day, with a transcript available the following day.
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About ConocoPhillips
As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas. Our deep, durable and diverse portfolio is built to meet growing global energy demands. Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. Visit us at www.conocophillips.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260319509025/en/
Media Relations
281-293-1149
media@conocophillips.com
Investor Relations
281-293-5000
investor.relations@conocophillips.com
Original: ConocoPhillips to hold first-quarter earnings conference call on Thursday, April 30
iHub News
4月前
Energy stocks advance as oil prices surge amid Middle East tensionsMarch 2, 2026 7:49 AM
IH Market News
Shares of U.S. energy companies moved higher in premarket trading on Monday, tracking a sharp rise in crude oil prices following an escalation of conflict in the Middle East.Brent crude futures jumped as much as 13% to $82.37 per barrel — their highest level since January 2025 — before easing back to $79.39 per barrel by 08:57 GMT. U.S. West Texas Intermediate (WTI) crude reached an intraday peak of $75.33, gaining more than 12% and marking its strongest level since June.Among major oil producers, Exxon Mobil (NYSE:XOM) climbed 5.9%, while Chevron (NYSE:CVX) rose 4.1%. Oilfield technology company Baker Hughes (NASDAQ:BKR) advanced 5.6%, and ConocoPhillips (NYSE:COP) gained 6.2%.Independent exploration and production firms also posted solid gains, with SM Energy (NYSE:SM), Occidental Petroleum (NYSE:OXY), Coterra Energy (NYSE:CTRA) and Devon Energy (NYSE:DVN) rising between 6% and 7.5%.Oilfield services providers Halliburton (NYSE:HAL) and SLB (NYSE:SLB) added 5.7% and 4.3%, respectively, as higher crude prices improved the outlook for energy-sector activity.ExxonMobil stock priceChevron stock priceBaker Hughes stock priceConocoPhillips stock priceSM Energy stock priceOccidental Petroleum stock priceCoterra Energy stock priceDevon Energy stock priceHalliburton stock priceSLB stock price
Original: Energy stocks advance as oil prices surge amid Middle East tensions
iHub News
4月前
ConocoPhillips Misses Q4 Profit Forecasts as Production RisesFebruary 5, 2026 9:12 AM
IH Market News
ConocoPhillips (NYSE:COP) reported fourth-quarter results that fell short of analyst earnings expectations, although the company recorded higher production levels and maintained its long-term capital return strategy.The oil producer reported earnings per share of $1.02 for the quarter, below Wall Street forecasts of $1.18 per share. Production during the period averaged 2,320 thousand barrels of oil equivalent per day, representing an increase of 137 MBOED compared with the same quarter last year. However, when adjusting for acquisitions and asset divestments, production declined by 63 MBOED, or 2.6%, year-on-year. Operating cash flow for the quarter totalled $4.3 billion.“ConocoPhillips delivered another year of strong performance in 2025, achieving our CFO-based return of capital target and growing our base dividend at a top-quartile S&P 500 rate, in line with our returns-focused value proposition,” said CEO Ryan Lance.“Looking ahead, we’re focused on driving a $1 billion reduction in our capital and costs in 2026, while returning 45% of our CFO to shareholders. We are well positioned to deliver an expected $7 billion in incremental free cash flow by 2029, including $1 billion each year from 2026 through 2028.”The company reaffirmed its 2026 capital spending plan of approximately $12 billion and expects adjusted operating costs of about $10.2 billion, consistent with its previous guidance.ConocoPhillips forecast 2026 production to range between 2.33 million and 2.36 million barrels of oil equivalent per day. First-quarter production is expected to average between 2.30 million and 2.34 million barrels per day, factoring in potential weather-related operational disruptions.The company also anticipates depreciation, depletion and amortisation expenses to total between $11.7 billion and $11.9 billion in 2026. Adjusted corporate and other segment net losses are projected to reach roughly $0.9 billion, excluding special items.ConocoPhillips reiterated its commitment to shareholder returns, stating that it plans to distribute approximately 45% of operating cash flow to shareholders in 2026, in line with its long-term capital allocation framework.ConocoPhillips stock price
Original: ConocoPhillips Misses Q4 Profit Forecasts as Production Rises
swanlinbar
7年前
ConocoPhillips May Divest Bulk of Its North Sea Oil Fields
9:44 am ET April 2, 2019 (Zacks) Print
ConocoPhillips COP is discussing with Chrysaor Holdings Ltd. to divest a bulk of its North Sea resources, according to Bloomberg.
Earlier, ConocoPhillips was trying to divest those properties to Ratcliffe’s Ineos — a multinational chemicals firm. However, the effort to conclude the $3-billion deal failed which convinced ConocoPhillips to start searching for prospective bidders since January.
The source added that Chrysaor Holdings, an oil and natural gas explorer and producer, is leading other bidders to acquire North Sea oil fields from ConocoPhillips. Investors should know that although ConocoPhillips is in talks with Chrysaor Holdings, the discussions may not lead to an agreement.
Overall, with the sale of bulk of its North Sea assets, ConocoPhillips is trying to divert focus to prolific shale plays in the United States. The company already has strong presence in Eagle Ford, Delaware basin and Bakken shale and revealed that upstream business in the shale resources was phenomenal in 2018. ConocoPhillips is also projecting more than 25% compound annual production growth rate from its operations in the three key shale plays.
Headquartered in Houston, TX,ConocoPhillips is a leading explorer and producer of oil and natural gas in the world.
The company currently carries a Zacks Rank #2 (Buy).Other prospective players in the energy space include Antero Resources Corporation AR, NGL Energy Partners LP NGL and ProPetro Holding Corp. PUMP. While Antero Resources and NGL Energy sport a Zacks Rank #1 (Strong Buy), ProPetro Holding carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Antero Resources is likely to see earnings growth of 20% over the next five years.
NGL ENERGY is likely to witness earnings growth of 227% for the fiscal year ending March 2019.
ProPetro Holding is likely to see 19.5% earnings growth through 2019.
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