Phillips 66 (NYSE:PSX) and ConocoPhillips (NYSE:COP) will pay $11.5 million as a settlement in a lawsuit for breaching the anti-pollution laws. The two energy companies based in Texas were involved in the lawsuit that was filed at the beginning of 2013. The residents of the affected areas complained that both companies had failed to uphold […]
NYSE:COP
Exxon Mobil Corporation (NYSE:XOM) and ConocoPhillips (NYSE:COP) Face the Brunt of Oil Slump
The slump in prices of oil and natural gas since last year has driven the American production operations of Exxon Mobil Corporation (NYSE:XOM) and ConocoPhillips (NYSE:COP) in to loss in 1Q2015. Exxon reported a drop of 46% in its earnings which included a loss of $52 million loss from its oil and gas production in […]
ConocoPhillips (NYSE:COP): UBS Cuts Price Target By $2 From Its Earlier Objective
Boston, MA 10/07/2014 (wallstreetpr) – ConocoPhillips (NYSE:COP) shares got mixed opinion from UBS analyst William Featherston. The brokerage slashed its price target on the company’s shares. However, it has upgraded the shares of the company. Price Objective Reduced UBS analyst cited the recent pullback in the stock and believes that it was fairly valued compared […]
Wall Street Takeaway: Kroger Co. (NYSE:KR), ConocoPhillips (NYSE:COP), Chevron Corporation (NYSE:CVX)
Boston, MA 05/30/2014 (wallstreetpr) – Questions are being asked about whether Kroger Co. (NYSE:KR) made the right move with rival Safeway Inc. (NYSE:SWY). At some point Kroger was going to acquire Safeway but saw more risks than rewards in the acquisition thereby abandoning its interest. Safeway was eventually purchased by private equity firm Cerberus and its […]
ConocoPhillips (NYSE:COP) Lean Organization
Boston, MA 05/22/2014 (wallstreetpr) – ConocoPhillips (NYSE:COP) is an exploration and production giant, which is reaping the rewards of its independence. The benefits of being unchained from refining are showing in its results, Conoco is now purely an upstream company. COP has a lot to offer to its investors in the way of growth and […]
In Norway, Royal Dutch Shell Plc (ADR) (NYSE:RDS.B) And Peers Face Uncertainty
Boston, MA 05/09/2014 (wallstreetpr) – The environment of rising development costs is not conducive for oil and gas companies such as Royal Dutch Shell Plc (ADR) (NYSE:RDS.B). In Norway, that is the case. It seems that while oil and gas companies help power projects around the world, they are not themselves seeing light at the end […]
Murphy USA Inc (NYSE:MUSA) Earmarks $50M For Shares Repurchase This Year
Boston, MA 05/09/2014 (wallstreetpr) – After reporting 1Q2014 results that showed a significant decline from a year earlier, the retail gas station company Murphy USA Inc (NYSE:MUSA) said all is not lost for its shareholders. The company announced shares repurchase program for this year that it believes is to be a meaningful statement to its shareholders. […]
Why Profit Slip Is Not Bad News At ConocoPhillips (NYSE:COP)
Boston, MA 05/08/2014 (wallstreetpr) – ConocoPhillips (NYSE:COP) is a $96 billion oil and gas company. The company noted profit dip in the latest quarter but quickly addressed the issue that there is no cause for alarm given its positive prospects. As such, the company expects the remainder of fiscal 2014 to not only compensate for […]
ConocoPhillips (NYSE:COP): Mix-Bag Of Social Initiatives And Expansion
Boston, MA 03/31/2014 (wallstreetpr) – The significant player in long-term holding of mine, ConocoPhillips (NYSE:COP) had a mixed week. It emphasized on need of advancement of initiative for business growth, social initiative and advancements and clinching few notable deals. ConocoPhillips is diversifying its strategies, which seem to play a significant role in shaping its future […]
Chevron paid $1.8million to Utah – CVX & COP
Chevron Corporation (NYSE:CVX) an American Multinational energy corporation situated in California, United States paid $1.8 million to Utah against the money which the company has used from the fund which was meant for the companies without insurance. In 1989 the government has setup a fund called Utah Petroleum storage tank fund for those upcoming small […]
ONGC to buy Kashgan Stake from ConocoPhillips
ConocoPhillips (NYSE:COP) is considering selling 8.4% of its stake in Kashgan (North Caspian Sea Production Sharing Agreement) to ONGC Videsh Ltd, a company based in India. The purchase price that includes anticipated working capital as well as ending adjustments for the Kashgan Stake is estimated to be about $5 billion. The charge for the sale […]
BP (NYSE:BP) Agree to Pay $4B for Settlements OF criminal Charges – BP, FCX, HAL, VALE, COP
BP plc (NYSE:BP) declared on Friday that it has signed agreement with the United States government, subject to court agreement, to determine all federal criminal charges and all asserts by the SEC against the firm stalking from the Deepwater Horizon accident and oil spill. The company (NYSE: BP) agree to pay $4B, including $1.25B in […]
