ConocoPhillips (COP) , the U.S. oil giant, has granted a global contract to Raptor Data, an Aberdeen-based technology company, to manufacture and deploy a fleet of tools for well intervention and plug and abandonment (P&A), starting with operations in Norway.Raptor Data will supply its flagship technology, the Pathfinder system, as part of the contract. Touted as the first plug-and-play in-well verification system, Pathfinder is designed to enhance the verification of bismuth caps — a chemical element incre ...

Vertigo3d Energy companies have long been a staple for dividend investors. Unlike other sectors, this industry doesn't have to continually invent the next best thing to stay atop the field. This industry is known for generous capital returns to shareholders through dividends and share buybacks, and this is reflected by its strong total returns. As shown below, the SPDR Energy Select ETF (XLE) has beaten the S&P 500 (SPY) in total return over the past 5 years with a 108% total return compared to 96% from ...

ConocoPhillips (COP) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this energy company have returned -5%, compared to the Zacks S&P 500 composite's -6.5% change. During this period, the Zacks Oil and Gas - Integrated - United States industry, which ConocoPhillips falls in, has lost 6.4%. The key question now is: What could be the st ...

ConocoPhillips' strategy is paying big dividends for investors.ConocoPhillips (COP -2.42%) spent several years repositioning its global oil and gas portfolio by jettisoning non-core assets and building around its lowest-cost and highest-return operations. That strategy has paid big dividends in recent years. Literally -- the oil giant has transformed into a cash-gushing machine, which is giving it lots of money to return to shareholders. The oil company's cash-generating capabilities were on full display in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission file number: 001-32395 ConocoPhillips (Exact name of registrant as specified in its charter) Delaware 01- ...

Key TakeawaysConocoPhillips on Thursday reported record levels of production for the second quarter.However, the company's revenue and net income fell short of analysts' estimates and its shares fell.ConocoPhillips also said that its $22.5 billion acquisition of Marathon Oil is on track to close by the end of the fourth quarter despite a recent request for more information on the deal from the FTC. ConocoPhillips (COP) on Thursday reported second-quarter results below analysts' expectations and narrowed its ...

ConocoPhillips (COP) reported second-quarter 2024 adjusted earnings per share of $1.98, which missed the Zacks Consensus Estimate of $2.06. The bottom line, however, increased from the prior-year quarter’s level of $1.84.One of the world’s leading independent oil and gas producers, headquartered in Houston, TX, ConocoPhillips’ quarterly revenues of $14.1 billion increased from $12.9 billion in the year-ago period. However, the top line missed the Zacks Consensus Estimate of $15.1 billion.The lower-than-expe ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Even with the fluctuating and uncertain conditions in the energy market, upstream companies are experiencing substantial gains from favorable oil prices. Furthermore, integrated energy firms' midstream segments continue to perform well, thanks to consistent revenues from fees associated with pipeline and storage facilities. This strong performance enhances the outlook for Zacks Oil & Gas US Integrated industry.Leading contenders in the industry poised to capitalize on this favorable business environment inc ...

ConocoPhillips (COP) came out with quarterly earnings of $1.98 per share, missing the Zacks Consensus Estimate of $2.06 per share. This compares to earnings of $1.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.88%. A quarter ago, it was expected that this energy company would post earnings of $1.99 per share when it actually produced earnings of $2.03, delivering a surprise of 2.01%.Over the last four quarters, the comp ...