ConocoPhillips could sell its 25 percent stake in the Rockies Express Pipeline as part of the oil giant's plan to divest $10 billion in assets, a senior executive said on Tuesday.
ConocoPhillips reported a 71 percent decline in third-quarter profit on Wednesday as weak demand for fuel hurt its refining business and oil prices fell from a year earlier, but the results exceeded Wall Street estimates.
ConocoPhillips reported on Wednesday a 71 percent decline in its quarterly profit as weak demand for fuel hurt its refining business and oil prices fell from a year-ago.
ConocoPhillips reported a 71 percent decline in third-quarter profit on Wednesday as weak demand for fuel hurt its refining business and oil prices fell from a year earlier, but the results exceeded Wall Street estimates.
Corrects paragraph 3 to show output figures are year-to-date, not quarterly; deletes reference to prior quarter
U.S. oil major ConocoPhillips on Wednesday cut its capital budget for 2010 and said it planned to divest $10 billion in assets in a bid to improve its financial position.
ConocoPhillips said on Friday weak North American natural gas prices would hurt its third-quarter earnings, and its total oil and gas output would fall nearly five percent from the second quarter.
ConocoPhillips has exercised an option to buy Venezuela's state-run oil company PDVSA's 50 percent stake in Merey Sweeny LP, part owner of the Sweeny refinery in Texas, Conoco said on Friday.
The chairman of the Commodity Futures Trading Commission Gary Gensler said he supports exemptions from investor limits for bona fide hedgers but said he was concerned the exemptions could defeat the efectiveness of position limits.
ConocoPhillips reported a 76 percent drop in quarterly profits on Wednesday, as oil prices fell sharply from a year ago and the U.S. oil major's refining business posted a loss as heavy fuel supplies and weak demand hurt margins.
ConocoPhillips reported a 76 percent drop in quarterly profits on Wednesday, as oil prices fell sharply from a year earlier and heavy fuel supplies and weak demand hurt its refining business.
ConocoPhillips’ second quarter earnings fell 76 percent on lower commodity prices and margins, the company said today.
Microsoft Yahoo shares watch, Energy markets hearings, Oil inventories
The Commodity Futures Trading Commission will hold the second of three days of hearings to Discuss Energy Position Limits and Hedge Exemptions. The U.S. Energy Department will release its weekly petroleum supply report at 10:30 a.m. EST.
Chevron Corp warned that second-quarter earnings would be hit by a sharp decline in U.S. refining margins and that any benefits from higher oil prices were largely offset by a weaker dollar, sending its shares down 1.8 percent.
The U.S. Senate began debating the climate bill on Tuesday with hearings from three high-ranking officials. General Motors is on track to launch a plug-in sport-utility vehicle.
Saudi Aramco and France's Total signed on Tuesday 13 agreements with contractors to build a $9.6 billion joint-venture refinery in the kingdom, state news agency SPA reported.
Saudi Aramco and U.S. ConocoPhillips said on Tuesday they would relaunch bidding for the 400,000 barrels per day (bpd) Yanbu refinery.
Alaska Gov. Sarah Palin defended the construction of a $26 billion natural gas pipeline on Friday saying this energy resource is needed and will contribute to the U.S. economy, environment and national security.
Chevron Corp warned that first-quarter earnings would be sharply lower than the previous quarter as lower oil and gas prices took a toll and refined-product margins shrank significantly.
Amid economic jitters and worries about diminished investor interest in a massive North Slope natural gas pipeline, Alaska Gov. Sarah Palin on Wednesday defended her efforts to secure the mega-project that has been pursued for decades and that has been a centerpiece of her political career.
Saudi Aramco and ConocoPhillips today announced that they will build a refinery in Saudi Arabia.
