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  • *Expects OK for advanced phase of Christina Lake project soon. ConocoPhillips and Chevron Corp announced cuts to their 2016 budgets earlier this week. Cenovus said it expects to spend between C $1.4 billion and C $1.6 billion in 2016, down from C $1.8 billion- C $1.9 billion this year.

  • Dec 10- ConocoPhillips, the largest U.S. independent oil company, plans to reduce capital spending by 25 percent next year and sell more non-core assets as it looks to shore up its finances amid a prolonged slump in oil prices. ConocoPhillips expects to spend a bulk of next year's budget on U.S. shale fields in Texas and North Dakota, and on drilling operations in...

  • Early movers: CVX, FB, YUM, NCLH, JCP & more Thursday, 10 Dec 2015 | 8:49 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Take a look at some of Thursday's early movers: CVX, FB, YUM, NCLH, JCP & more

  • Dec 10- ConocoPhillips, the largest U.S. independent oil company, said on Thursday it expects its 2016 capital expenditure to be 25 percent lower than this year's estimated budget, as it responds to a slump in oil prices. The company forecast 2016 capital budget of $7.7 billion, and also said it expects to raise $2.3 billion from non-core asset sales.

  • Chevron slashes budget to weather low oil prices Thursday, 10 Dec 2015 | 8:07 AM ET
    The Chevron logo is shown at Chevron Plaza in Calgary, Alberta, Canada.

    Chevron plans to slash its budget by 24 percent next year, as oil prices show little sign of rising in the near future.

  • Dec 10- ConocoPhillips, the largest U.S. independent oil company, said on Thursday it expects its 2016 capital expenditure to be 25 percent lower than this year's estimated budget, as it responds to a slump in oil prices.

  • Dec 10- Canadian oil producer Cenovus Energy Inc said it expects to lower its capital budget for 2016 by 19 percent, from its estimated budget for this year, in response to tumbling crude prices. The Calgary-based company expects to spend between C $1.4 billion and C $1.6 billion in 2016, down from its estimated 2015 budget of C $1.8 billion- C $1.9 billion.

  • Dec 9- Chevron Corp plans to slash its budget by 24 percent next year, part of a revamped strategy to rein in spending and position the energy giant to be nimble as oil prices show little sign of rising in the near future. The dramatic cutback in spending is likely to be echoed by other oil majors who will soon release spending plans, with rival ConocoPhillips set to...

  • Cramer: Time to buy oil into weakness? Tuesday, 8 Dec 2015 | 6:57 PM ET

    Jim Cramer takes a look at the future of oil with a chartist that makes a very bold, contrarian call on how to play the major oil companies.

  • COLUMN-Stein's law says oil prices will rise: Kemp Monday, 23 Nov 2015 | 10:12 AM ET

    LONDON, Nov 23- "If something cannot go on forever, it will stop," according to Herbert Stein, former chief economist to U.S. Stein's law explains why oil prices crashed from the middle of 2014 after spending more than three years over $100 per barrel. The emerging supply-demand imbalance could only be resolved by a sharp price fall which was triggered in July 2014...

  • OSLO, Nov 17- Norwegian oil major Statoil said on Tuesday it will pull out of Alaska's Chukchi Sea, just weeks after Royal Dutch Shell abandoned the treacherous waters there after spending billions on oil exploration work. Statoil said it will exit 16 leases it operates and its stake in 50 leases operated by ConocoPhillips. When it pulled out in late September,...

  • Cramer: Commodity collapse dream stocks Friday, 6 Nov 2015 | 6:22 PM ET
    Rig floorhands clean a drilling pipe at a natural gas well in the Eagle Ford shale in Karnes County, Texas.

    Jim Cramer reviews the stocks that have fared the best from the collapse in commodities over the past 18 months, because preparation is key!

  • Lipow: Is oil ready for a rebound? Monday, 2 Nov 2015 | 12:10 PM ET
    Crude oil refinery

    While some might see crude oil falling to $30 or less, I think market sentiment may be starting to change, says Andy Lipow. Here's why.

  • Oct 29- ConocoPhillips reported a third-quarter loss on Thursday, and the largest U.S. independent oil company lowered its 2015 spending target in response to the lingering slump in crude prices. Currently, it has deepwater operations in the Gulf of Mexico and offshore Senegal, Angola and Canada. The company posted a loss of $1.1 billion, or 87 cents per share,...

  • LONDON, Oct 29- The oil sector is gradually slipping into the red after years of fat profits as the slump in oil prices and a grim outlook bite deeper. These include Royal Dutch Shell, Italy's Eni and in North America Occidental Petroleum Corp, Anadarko Petroleum Corp, Hess Corp, Suncor and ConocoPhillips. Shell, posted a third-quarter loss of $7.4 billion on...

  • This mistake cost one worker almost $800,000 Thursday, 29 Oct 2015 | 10:15 AM ET
    Marlene Roth

    It can be easy to amass investments in your employer's stock, but it is a risky move. Here's why diversifying your investments matters.

  • Futures hold lower after GDP, Fed Thursday, 29 Oct 2015 | 9:08 AM ET
    A trader works on the floor of the New York Stock Exchange.

    U.S. stock index futures indicated a lower open as investors weighed the possibility of a December rate hike, amid the release of GDP and earnings.

  • Fed turns up heat on hike just in time for weak GDP Wednesday, 28 Oct 2015 | 8:50 PM ET
    Traders work on the floor of the New York Stock Exchange.

    The Fed turned up the heat around a possible December rate hike, just as the government is about to release a report expected to show sluggish GDP growth.

  • MEXICO CITY, Oct 28- State oil firm Pemex said on Wednesday it had received a license from the United States to import U.S. light crude in exchange for exports of Mexico's heavier crude oil for the first time, albeit with a lower ceiling than originally planned. The first U.S. shipment would arrive in Mexico from the first half of November, he said.

  • Oct 28- U.S. energy companies that hold reserve-based loans have so far reported a net fall of 4.2 percent, or roughly $1.23 billion, in their credit lines. "It looks generally to me like it's sort of kick-the-can-down-the-road approach that's being taken at this point, but that really just pushes the day of reckoning into sort of the first quarter of next year,"...