conocophillips in A Sentence

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    Conocophillips has been divesting assets to focus on shale.

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    Conocophillips and BP could not immediately be reached for comment.

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    Conocophillips has been divesting assets to focus on its U.S. shale base.

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    Conocophillips last week said it would lay off 10 percent of its workforce.

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    Conocophillips is shifting its focus towards lower cost opportunities elsewhere in the world, particularly in the US.

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    It already has customers like ADP, Intel and Conocophillips, so the system can clearly service big corporate clients.

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    Conocophillips is also preparing new legal actions to get Caribbean courts to recognize its International Chamber of Commerce arbitration award.

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    It would follow similar moves by U.S. rivals Chevron and Conocophillips which earlier this year sold the bulk of their North Sea operations.

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    Conocophillips expects several decades ahead of lackluster oil prices, with U.S. oil to average between $40 to $70 per barrel through the 2050s.

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    Major Chevron transferred its last stake in a Norwegian offshore license last year, while Conocophillips still operates Ekofisk, the first major oil discovery off Norway.

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    Recently, Skyonic Corporation in the US(a joint venture between BP and Conocophillips) has started operating the world's first commercial CO2 capture and utilisation plant in the world.

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    As a direct result of the war, ExxonMobil, Conocophillips, and Occidental are the first U.S. oil companies to receive production contracts in Iraq in over thirty years.

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    In a sign of confidence in Clair, BP increased its share in the field in July to 45.1 percent in a swap deal with Conocophillips, from around 29 percent.

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    The news that Venezuela's PDVSA has diverted a crude tanker from Curacao after Conocophillips moves to satisfy a $2 billion arbitration award signals that worst may be yet to come.

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    BP is today planning the third phase, Clair South, and with its partners- Royal Dutch Shell, Chevron and Conocophillips- will decide on whether to go ahead with the project in 2019 or 2020, Flores said.

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    Conocophillips unveiled a long-term plan on Tuesday to boost oil and gas production by about 3% per year, restrain annual spending to about $7 billion and return $50 billion to shareholders over the next decade.

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    Conocophillips has been one of the better-performing energy stocks, having dropped 8% this year, compared with a key industry index, the SPDR S&P Oil & Gas Exploration & Production ETF, which has sunk about 22%.

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    Conocophillips unveiled a long-term plan on Tuesday to boost oil and natural gas production by about 3% per year, restrain annual spending to about $7 billion and return $50 billion to shareholders over the next decade.

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    Conocophillips said on Thursday its U.S. shale operations, which made money in the first quarter after losing cash for more than a year, were now profitable at oil prices under $45 per barrel, more than $20 below current levels.

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