COP - HoustonNewMedia.org

Momentum Minerals agrees to hand off oil and gas royalties to Sitio for $224M

Emily Burleson — Thu, 30 Jun 2022 19:52:26 +0000

Exploration and production operators including Pioneer Natural Resources, ConocoPhillips (NYSE: COP), EOG Resources Inc. (NYSE: EOG) and Occidental Petroleum Corp. (NYSE: OXY) hold permits to produce oil or gas on Permian land subject to Sitio Royaltie...

The post Momentum Minerals agrees to hand off oil and gas royalties to Sitio for $224M first appeared on HoustonNewMedia.org.

The post Momentum Minerals agrees to hand off oil and gas royalties to Sitio for $224M appeared first on HoustonNewMedia.org.

ConocoPhillips to buy acreage in Canada from Kelt Exploration

Olivia Pulsinelli — Thu, 23 Jul 2020 19:12:41 +0000

Houston-based ConocoPhillips (NYSE: COP) is expanding its footprint in Canada's Montney zone for about $375 million in cash, according to a July 22 press release.

ConocoPhillips will acquire 140,000 net acres from Calgary-based Kelt Exploration Ltd. a...

The post ConocoPhillips to buy acreage in Canada from Kelt Exploration first appeared on HoustonNewMedia.org.

The post ConocoPhillips to buy acreage in Canada from Kelt Exploration appeared first on HoustonNewMedia.org.

ConocoPhillips closes nearly $1.4B asset deal

Olivia Pulsinelli — Fri, 29 May 2020 17:16:48 +0000

Houston-based ConocoPhillips (NYSE: COP) has completed the sale of its Australia-West assets and operations to Australia-based oil and gas producer Santos.

The $1.39 billion purchase price didn't change, but the payments were restructured, according t...

The post ConocoPhillips closes nearly $1.4B asset deal first appeared on HoustonNewMedia.org.

The post ConocoPhillips closes nearly $1.4B asset deal appeared first on HoustonNewMedia.org.

ConocoPhillips CFO to retire after 39 years with company, replacement named

Sara Samora — Wed, 20 May 2020 23:44:20 +0000

ConocoPhillips (NYSE: COP) announced May 20 that Don E. Wallette Jr., executive vice president and CFO, will retire after spending 39 years with the company, including the last four in the CFO role.

Wallette’s retirement will take effect on Aug. 31.
...

The post ConocoPhillips CFO to retire after 39 years with company, replacement named first appeared on HoustonNewMedia.org.

The post ConocoPhillips CFO to retire after 39 years with company, replacement named appeared first on HoustonNewMedia.org.

ConocoPhillips reports $1.7B net loss, updates production cuts

Olivia Pulsinelli — Thu, 30 Apr 2020 13:26:13 +0000

Houston-based ConocoPhillips (NYSE: COP) reported a net loss of nearly $1.74 billion, or $1.60 per share, for the first quarter of 2020.

That compares to $1.8 billion, or $1.60 per share, in earnings for the first quarter of 2019.

However, the Q1 202...

The post ConocoPhillips reports $1.7B net loss, updates production cuts first appeared on HoustonNewMedia.org.

The post ConocoPhillips reports $1.7B net loss, updates production cuts appeared first on HoustonNewMedia.org.

ConocoPhillips cuts more production, other spending to save another $3B

Olivia Pulsinelli — Thu, 16 Apr 2020 19:14:39 +0000

Houston-based ConocoPhillips (NYSE: COP) is taking steps to save an additional $3 billion this year on top of the $2.2 billion worth of cuts announced in March.

The energy giant will reduce its 2020 operating plan capital expenditures by $1.6 billion,...

The post ConocoPhillips cuts more production, other spending to save another $3B first appeared on HoustonNewMedia.org.

The post ConocoPhillips cuts more production, other spending to save another $3B appeared first on HoustonNewMedia.org.

CEOs of Sysco, Houston energy cos. among appointees to Trump’s Economic Revival Industry Groups

J. Jennings Moss — Thu, 16 Apr 2020 13:33:32 +0000

The Great American Economic Revival Industry Groups that President Donald Trump announced April 14 include some high-profile Houston business leaders.

Kevin Hourican, CEO of Sysco Corp. (NYSE: SYY), is part of the agriculture group, while Ryan Lance, ...

The post CEOs of Sysco, Houston energy cos. among appointees to Trump’s Economic Revival Industry Groups first appeared on HoustonNewMedia.org.

The post CEOs of Sysco, Houston energy cos. among appointees to Trump’s Economic Revival Industry Groups appeared first on HoustonNewMedia.org.

ConocoPhillips makes $2B cut to spending, share repurchases amid low oil prices

Olivia Pulsinelli — Wed, 18 Mar 2020 19:23:31 +0000

ConocoPhillips (NYSE: COP) is the latest major Houston-based upstream company to slash spending amid the oil price crash.

Cutting capital expenditures and share repurchases is expected to save ConocoPhillips a total of $2.2 billion, according to a Mar...

The post ConocoPhillips makes $2B cut to spending, share repurchases amid low oil prices first appeared on HoustonNewMedia.org.

The post ConocoPhillips makes $2B cut to spending, share repurchases amid low oil prices appeared first on HoustonNewMedia.org.