ConocoPhillips Will Continue Doing Well In 2019 [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
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Source: Seeking Alpha
Next year could be a tough one for oil prices if the commodity ends up averaging in the mid-$50s, which will be substantially lower than this year’s average of $65 a barrel. In this backdrop, a number of oil producers could struggle to generate strong levels of cash flows but not ConocoPhillips ( COP ). The company has recently laid out its spending plans for 2019, which show that it will continue doing well, even in a $40 to $50 a barrel oil price environment. Image courtesy of Pixabay Oil prices surged in the first nine months of this year, with WTI climbing by more than 20%, but the business environment changed dramatically in the fourth quarter as the commodity plunged 28%, wiping out all of the year-to-date gains. The US Energy Information Administration has slashed next year’s forecast by 16% to an average of $54.19 a barrel, which is substantially lower than this year’s anticipated average of $65.18 a barrel. This looks bad for oil producers who’ve
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News
- Biden Thwarts Oil Drilling Across Alaska's Petroleum Reserve [Yahoo! Finance]Yahoo! Finance
- Biden Thwarts Oil Drilling Across Alaska's Petroleum Reserve [BNN Bloomberg (Canada)]BNN Bloomberg
- US restricts drilling and mining in Alaska wilderness, angering state leaders [Reuters]Reuters
- Here's Why ConocoPhillips (COP) Fell More Than Broader Market [Yahoo! Finance]Yahoo! Finance
- Elliott mulls Citgo bid; creditor group seeks ConocoPhillips for separate offer - Reuters [Seeking Alpha]Seeking Alpha
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