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Search results for "CONOCOPHILLIPS"



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Plunge in oil prices forces re-evaluation of projects, costs

*ConocoPhillips CEO says more mega-mergers unlikely. Still, there is unlikely to be a wave of mega mergers like Royal Dutch Shell's buyout of BG Group for $70 billion, which Shell itself has said left it cash-strapped and only able to pursue much smaller deals. "There is less need for mega mergers because of unconventional resources which require a small amount of...
Source: Reuters | By: Florence Tan and Jessica Jaganathan
COLUMN-Shell-BG deal may be end point rather than harbinger: Russell

--Clyde Russell is a Reuters columnist. The $70 billion buyout of BG Plc by larger rival Royal Dutch Shell is generally viewed by investors and analysts as the first big deal in a likely series of major mergers and acquisitions in the resource sector. Ryan Lance, the chief executive of ConocoPhillips, was adamant that he didn't expect a "big M&A wave any time soon."
Source: Reuters
ConocoPhillips expects spending to remain the same for next 3 years  

After cutting its capital budget in January ConocoPhillips' CEO announced that it expects to keep spending at a lower level for the next three years.
Source: CNBC.com
Early movers: ENDP, ANN, BABA, INTC, COP & more

These are the stocks posting the largest moves before the bell.
Source: CNBC.com | By: Peter Schacknow
ConocoPhillips says to maintain capex for next 3 years

KUALA LUMPUR, May 18- ConocoPhillips expects to maintain capital expenditure for the next three years, after reducing it earlier this year due to the oil price drop, Chief Executive Ryan Lance told Reuters on Monday. ConocoPhillips, like other exploration and production companies, has slashed capital spending in response to persistently lower oil prices, and...
Source: Reuters
UPDATE 1-U.S. capital spending seen falling to four-year low in 2015

NEW YORK, May 14- U.S. corporate spending on capital projects could fall this year to the lowest level since 2011, with steep reductions by the energy industry and companies in other sectors cutting spending amid broad concerns about global growth. "They're not spending at a pace that would suggest a global recovery," said Peter Cardillo, chief market economist at...
Source: Reuters | By: Caroline Valetkevitch
UPDATE 3-North Dakota posts surprising jump in oil output in March

WILLISTON, N.D., May 13- North Dakota posted a surprising jump in oil and natural gas output in March, as producers leaned on newer technologies and processes to offset a slump in commodity prices. "We scratched our heads in the month of March" as to why production increased, Lynn Helms, director of the state's Department of Mineral Resources, said during a conference...
Source: Reuters | By: Ernest Scheyder
FACTBOX-U.S. energy companies slash jobs as oil prices weaken

May 13- Oilfield giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have fallen more than 40 percent since June. Houston- based Schlumberger also said last month that it plans to cut another 11,000 jobs, bringing the total job cuts...
Source: Reuters | By: mid-year
Sankey: EOG the Apple of oil  

Paul Sankey, Wolfe Research, explains why he says EOG Resources Inc. is the Apple of oil.
Source: CNBC.com
Myanmar awards Statoil, Conoco Phillips deepsea exploration contract- paper

YANGON, May 3- Myanmar has awarded contracts to international oil majors Statoil and ConocoPhillips for oil and gas exploration in a deepwater offshore block, the official Kyemon Daily said on Sunday. The Myanmar newspaper said the two companies' regional subsidiaries- Singapore-registered Statoil Myanmar Private Ltd and ConocoPhillips Myanmar E&P Pte....
Source: Reuters