UPDATE 4-Oil mixed as Chinese economy overshadows Trump plan to ease lockdown [Reuters]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: Reuters
Oil mixed as Chinese economy overshadows Trump plan to ease lockdown LONDON (Reuters) - Oil prices were mixed on Friday as news of President Donald Trump’s plans to ease the U.S. coronavirus lockdown to get the American economy moving again were quickly overshadowed by China’s worst quarterly economic contraction on record. Brent rose by 50 cents, or 1.8%, to $28.32 a barrel by 0954 GMT. However, U.S. crude CLc1 for May delivery tumbled by $1.27, or 6.4%, to $18.60 and below the level required for many producers to cover their costs. The extent of the U.S. crude decline was attributable to the imminent expiry of the May contract, on April 21, and fast-filling crude storage. The more active June contract was up 29 cents, or 1.1%, at $25.82. “The market knows that U.S. crude stocks will fill very rapidly ... as refinery runs continue to be cut tremendously,” said Bjornar Tonhaugen, head of oil markets at Rystad Energy. The hobbling of China’s economy, meanwhile, was highlighted by data
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News
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COP
Earnings
- 11/6/25 - Beat
COP
Sec Filings
- 12/3/25 - Form 4
- 11/18/25 - Form 4
- 11/18/25 - Form 4
- COP's page on the SEC website