DAPL Ruling Nicks, Doesn't Negate, ConocoPhillips' Strategy [Seeking Alpha]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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US:NYSE Investor Relations:
conocophillips.com/investor-relations/investor-presentations
Company Research
Source: Seeking Alpha
SummaryIn contrast to Bakken-only producers, ConocoPhillips is dinged but not destroyed if the Dakota Access Pipeline shuts down in early August as ordered by a Washington, D.C. District Court judge.In the first quarter, the company’s Bakken oil production was 96,000 BOE/D, 7.5% of total production. Second quarter curtailments likely reduced this further.Conflicting factors in DAPL closure: loss of Bakken oil revenue, slightly higher gas prices due to less associated gas, and possibly higher oil prices for the rest of the company.As a result of the pandemic demand contraction and March oil price war, ConocoPhillips (COPCautious optimism about increasing demand and stabilizing oil price, offset somewhat by new waves of Covid-19 infection, have led ConocoPhillips, a $41.2 billion market-cap company, to plan on restoring its curtailed production. The ruling from Washington, D.C. District Court Judge James Boasberg to shut down the 570,000-BPD (barrel per day) Dakota Access Pipeline could
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News
- ConocoPhillips (COP) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Why Investors Need to Take Advantage of These 2 Oils-Energy Stocks Now [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (COP) Stock Slides as Market Rises: Facts to Know Before You Trade [Yahoo! Finance]Yahoo! Finance
- New Study Identifies Big Reductions In US Natural Gas Emissions [Forbes]Forbes
- Investors Heavily Search ConocoPhillips (COP): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
COP
Earnings
- 2/8/24 - Beat
COP
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/17/24 - Form 4
- 4/2/24 - Form 4
- COP's page on the SEC website