conocophillips earnings 2019mauritania pronunciation sound

ConocoPhillips' (COP) second-quarter results are affected by lower-realized commodity prices and a steep decline in production volumes. Fourth-quarter 2019 production is expected to be 1,265 to 1,305 MBOED.
To listen to the call and view related presentation materials and supplemental information, go to ConocoPhillips will also conduct an Analyst & Investor Meeting in Houston on Tuesday, Nov. 19 to outline the company’s 10-year operating plan and strategy for long-term value creation. [Operator Instructions]. This quarter extends our successful track record of performance since we reset our value proposition in 2016. Turnarounds were completed during the quarter in Alaska, Malaysia and Norway.Earnings increased compared with third-quarter 2018 primarily due to the gain from the U.K. divestiture, partially offset by lower realized prices. In addition, the company generated $2.2 billion in disposition proceeds. ConocoPhillips (COP) Q2 Earnings … Adjusting for closed dispositions and acquisitions, underlying production increased 83 MBOED primarily due to production growth from the Big 3 unconventionals, development programs and major projects in Alaska, Europe and Asia Pacific. ... ConocoPhillips (COP) Q2 2020 Earnings Call Transcript. The company also completed construction and commissioning of the Montney Phase 1 gas plant in Canada, with startup awaiting completion of a third-party pipeline. My name is Zanera, and I'll be the operator for today's call. Production excluding Libya averaged 1,310 MBOED for the nine months ended Sept. 30, 2019, and proved reserves were 5.3 BBOE as of Dec. 31, 2018.

ConocoPhillips (COP) delivered earnings and revenue surprises of 5.13% and 43.01%, respectively, for the quarter ended September 2019. For the nine months ended Sept. 30, 2019, cash provided by operating activities was $8.1 billion. CFO included approximately $0.1 billion from the PDVSA ICC settlement and was reduced by a $0.3 billion U.K. pension fund contribution. The guidance excludes Libya and reflects the impacts from the completed U.K. divestiture. Excluding a $0.9 billion change in operating working capital, ConocoPhillips generated $9.0 billion in CFO, exceeding the total of $5.0 billion in capital expenditures and investments, $2.8 billion in share repurchases and $1.0 billion in dividends. Nine-month 2019 adjusted earnings were $3.2 billion, or $2.83 per share, compared with nine-month 2018 adjusted earnings of $4.0 billion, or $3.41 per share.Production excluding Libya for the first nine months of 2019 was 1,310 MBOED, an 89 MBOED increase from 1,221 MBOED for the 2018 period. Download .PDF. This growth more than offset normal field decline. Real time ConocoPhillips (COP) stock price quote, stock graph, news & analysis. In November, we’ll present a 10-year capital and financial plan at our Analyst & Investor Meeting that emphasizes free cash flow generation with competitive returns on capital and returns of capital.
In addition, the company repurchased $0.75 billion in shares and paid $0.34 billion in dividends.ConocoPhillips’ nine-month 2019 earnings were $6.5 billion, or $5.72 per share, compared with nine-month 2018 earnings of $4.4 billion, or $3.72 per share.

The company incurred $1.7 billion in capital expenditures and investments that included approximately $0.1 billion for the Alaska acreage acquisition. ConocoPhillips Co (NYSE: COP) Q2 2019 Earnings Call Jul 30, 2019, 12:00 p.m. For more information, go to ConocoPhillips Reports Third-Quarter 2019 Results; Returns-Focused Value Proposition Continues to Deliver Motley Fool Transcribing | Jul 31, 2020. “We believe ConocoPhillips offers both – a shareholder-friendly, returns-oriented value proposition and strong delivery on our commitments. Production from Libya averaged 44 MBOED.In the Lower 48, production from the Big 3 unconventionals averaged 379 MBOED. “This business is all about having a sustainable strategy with consistent execution,” said Ryan Lance, chairman and chief executive officer.

In addition, the company generated $2.9 billion in disposition proceeds. This growth more than offset normal field decline. The upcoming earnings date is derived from an algorithm based on a company's historical reporting dates. Capital expenditures and investments included approximately $0.2 billion primarily for Lower 48 bolt-on acquisitions and the Alaska acreage acquisition. Adjusting for closed dispositions and acquisitions, underlying production increased 69 MBOED primarily due to growth from the Big 3 unconventionals, development programs and major projects in Alaska, Europe and Asia Pacific.

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