Conoco Phillips

NYSE:COP   2:29:47 PM EDT
-2.21 (-6.79%)
Production Guidance, Officer Changes, Share Repurchases

Conocophillips Says Expects To Report Third-Quarter 2020 Production Volumes Of 1050 To 1070 Thousand Barrels Of Oil Equivalent Per Day

Published: 09/30/2020 12:47 GMT
ConocoPhillips (COP) - Conocophillips - Expects to Report Third-quarter 2020 Production Volumes of 1,050 to 1,070 Thousand Barrels of Oil Equivalent per Day.
Conocophillips Provides Preliminary Third-quarter 2020 Operational and Financial Update and Announces Intent to Resume Share Repurchases of $1 Billion During the Fourth Quarter of 2020.
Conocophillips - Intends to Resume Share Repurchases of $1 Billion During Q4 of 2020 Under Its Existing Authorization.
Conocophillips - Curtailments for Quarter Were Approximately 90 Mboed on a Net Basis.
Conocophillips - Fully Restored Production in Lower 48, Alaska and Canada by End of Q3.
Conocophillips - Estimated Cash From Operations (cfo) of Qtrly Curtailed Volumes is Approximately $150 Million.
Conocophillips - Also Completed Previously Announced Transaction to Acquire Additional Montney Acreage in Canada From Kelt Exploration Ltd.
Conocophillips - Libya Production for 3q 2020 is Estimated to Be 1 Mboed.
Conocophillips - Total Average Realized Prices Are Expected to Be $30 to $32 per Barrel of Oil Equivalent (boe) for Q3 of 2020.
Conocophillips - Sees Q3 2020 Adjusted Operating Costs $1,180 - 1,250 Million.
Conocophillips -sees Q3 2020 Capital Expenditures - Excluding Acquisitions $750 - $820 Million.