COP - Dividend announcements

ConocoPhillips (NYSE:COP) today announced it has signed a long-term sales and purchase agreement (SPA) to lift 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Rio Grande LNG project under development by NextDecade Corporation (NASDAQ:NEXT), near Brownsville, Texas. Under the agreement, ConocoPhillips will offtake LNG over a 20-year term on a free-on-board basis, subject to NextDecade making a positive final investment decision (FID) on Train 5. "ConocoPhillips is pleased to announce our agreement with a premier operator in NextDecade at Rio Grande LNG, where we will be a key foundation customer for Train 5," said Khoa Dao, chief commercial officer for ConocoPhi

SAN DIEGO, Aug. 21, 2025 /PRNewswire/ -- Sempra (NYSE:SRE) today announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips (NYSE:COP) have signed a definitive 20-year sale and purchase agreement (SPA) for 4 million tonnes per annum (Mtpa) of LNG offtake from the Port Arthur LNG Phase 2 development project in Jefferson County, Texas. "The role of U.S. LNG in meeting the energy security needs of America's allies continues to grow," said Jeffrey W. Martin, chairman and CEO of Sempra. "That is why we are excited to extend our partnership with ConocoPhillips to expand the Port Arthur LNG facility. This next phase reflects both companies' shared view of the opportunity to connect Am

ConocoPhillips (NYSE:COP) today announced it has signed a long-term sales and purchase agreement (SPA) to purchase 4 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Port Arthur LNG Phase 2 project under development by Sempra Infrastructure, a subsidiary of Sempra (NYSE:SRE), in Jefferson County, Texas. Under the agreement, ConocoPhillips will offtake LNG over a 20-year term on a free-on-board basis, supporting the company's ability to reliably deliver natural gas to customers in key global markets. "ConocoPhillips is pleased to extend our partnership with Sempra Infrastructure to Port Arthur LNG Phase 2, where we will be a major offtaker," said Ryan Lance, chairm

ConocoPhillips (NYSE:COP) today announced that W.L. (Bill) Bullock, executive vice president and chief financial officer, will retire from ConocoPhillips after 39 years of distinguished service. Andy O'Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025. Andy will also retain responsibility for Strategy, Commercial and Sustainability. Bill began his career with Conoco in 1986 and held numerous engineering, operations, commercial, and business development roles of increasing responsibility before joining the company's executive leadership team in 2018 and becoming chief financial of

ConocoPhillips (NYSE:COP) today announced it has entered into an agreement to sell its interests in the Ursa and Europa Fields and Ursa Oil Pipeline Company LLC to Shell Offshore Inc. and Shell Pipeline Company LP, subsidiaries of Shell plc, for $735 million subject to customary closing adjustments. The transaction also includes an overriding royalty interest in the Ursa Field. Proceeds from this transaction will be used for general corporate purposes. "Combined with previously announced dispositions, this transaction reflects our ongoing commitment to further strengthen our portfolio by divesting noncore assets and shows significant progress toward our $2 billion disposition target," said

ConocoPhillips (NYSE:COP) ("COP") announced today the pricing terms of its previously announced cash tender offers (the "Offers" or collectively, the "Tender Offer") of its wholly-owned subsidiary, ConocoPhillips Company ("CPCo") to purchase: (1) any and all of Marathon Oil Corporation's ("Marathon") debt securities listed in the first table below (collectively, the "Any and All Notes"), and (2) (A) for Holders who validly tendered their Maximum Offer Notes (as defined below) as of the Early Tender Deadline (as defined below), a combined aggregate purchase price of up to approximately $4.04 billion (an amount sufficient to accept for purchase all Maximum Offer Notes with Acceptance Priority

ConocoPhillips (NYSE:COP) ("COP") announced today the early results of the previously announced cash tender offers (the "Offers" or collectively, the "Tender Offer") of its wholly-owned subsidiary, ConocoPhillips Company ("CPCo"). In addition, COP further announced that it has amended the Offers by increasing the Maximum Offer Reference Amount (as defined below) from $4,000,000,000 (as previously announced) to an amount sufficient to accept for purchase all Notes with Acceptance Priority Levels 1-7 (as set forth in the second table below) in full, in accordance with the terms of the Offer to Purchase (as defined below). Pursuant to the Offers, CPCo is offering to purchase: (1) any and all

ConocoPhillips (NYSE:COP) today announced that it has completed its acquisition of Marathon Oil Corporation (NYSE:MRO). "This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework," said Ryan Lance, chairman and chief executive officer. "Marathon Oil adds high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position. We have a strong history of seamlessly integrating assets and we expect to deliver synergies of over $1 billion on a run rate basis in the next 12 months." In accordance with the terms of the merger agreement, each share of Marathon Oil

ConocoPhillips (NYSE:COP) today announced that Dominic Macklon, executive vice president, Strategy, Sustainability and Technology, has elected to retire effective May 1, 2024, for family medical reasons after 33 dedicated years of service. Dominic began his career with Conoco in 1991 and held numerous engineering, business development, operations and leadership roles of increasing responsibility before becoming a valued member of the company's executive leadership team in 2018. Since then, he led the company's Lower 48 business and went on to oversee corporate planning and development, global technical functions, information technology, sustainable development and low carbon technologies.

ConocoPhillips (NYSE:COP) announced today that it will move forward with development of the Willow project in Alaska. This Final Investment Decision approves the project and funds construction needed to reach first oil. The decision follows the Department of the Interior March 2023 Record of Decision and recent positive court orders, including this week's Ninth Circuit Court of Appeals denial of plaintiffs' request for an injunction. "We are excited to reach this significant milestone," said Ryan Lance, chairman and chief executive officer. "With this project authorization, we've begun winter construction and Alaskans have started to receive the benefits from responsible energy developmen

ConocoPhillips (NYSE:COP) today announced that it has completed the purchase of the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $2.7 billion cash (CAD$3.7 billion) after closing adjustments, as well as future contingent payments of up to approximately $0.3 billion (CAD$0.4 billion). ConocoPhillips now owns 100% of Surmont and will continue as operator. "Long-life, low sustaining capital assets like Surmont play an important role in our deep, durable and diverse low cost of supply portfolio," said Ryan Lance, chairman and chief executive officer. "This transaction enhances our returns-focused value proposition, improves our return on capital employ

ConocoPhillips (NYSE:COP) announced today further progress on its global liquefied natural gas (LNG) strategy, signing a commercial agreement to secure additional regasification capacity in Europe at the Gate LNG terminal in the Netherlands. This agreement further complements the company's foundational LNG resource positions in Qatar and Australia, offtake and equity in Sempra's recently sanctioned Port Arthur LNG Phase 1 project on the U.S. Gulf Coast, regasification agreement at the German LNG Terminal announced last year, and the offtake agreements at Mexico Pacific's Saguaro LNG export facility on the west coast of Mexico announced last month. "Adding capacity at the Gate LNG terminal

ConocoPhillips (NYSE:COP) today announced that it is exercising its preemption right to purchase the remaining 50% interest in Surmont from TotalEnergies EP Canada Ltd. for approximately $3 billion (CAD$4 billion), subject to customary adjustments, as well as contingent payments of up to approximately $325 million (CAD$440 million). ConocoPhillips currently holds a 50% interest as operator of Surmont and will own 100% upon closing. This transaction is subject to regulatory approvals and other customary closing conditions. "Today's announcement reflects our ongoing commitment to enhance our returns-focused value proposition, improving our ROCE, lowering our free cash flow breakeven and fur

ConocoPhillips (NYSE:COP) ("COP") announced today the pricing terms of the previously announced tender offer (the "Tender Offer") by ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company ("CPCo" and, together with ConocoPhillips, the "Company"), to purchase the outstanding debt securities (collectively, the "Notes" and each a "Series" of Notes) identified in the Company's Offer to Purchase dated May 9, 2023 (the "Offer to Purchase") for an aggregate purchase price (excluding accrued interest) as calculated pursuant to the Offer to Purchase of up to $1.1 billion (the "Maximum Aggregate Purchase Price"). The terms and conditions of the Tender Offer are described in the Offer

ConocoPhillips (NYSE:COP) ("COP") announced today the early results of the previously announced tender offer (the "Tender Offer") of ConocoPhillips and its wholly-owned subsidiary, ConocoPhillips Company ("CPCo" and, together with ConocoPhillips, the "Company"), to purchase the outstanding debt securities identified in the table below (collectively, the "Notes" and each a "Series" of Notes). As of 5:00 p.m., New York City time, on May 22, 2023 (the "Early Tender Deadline"), approximately $2.2 billion aggregate principal amount of Notes were validly tendered and not validly withdrawn. The table below identifies the principal amount of each Series of Notes validly tendered and not validly w

ConocoPhillips (NYSE:COP) is hosting an Analyst & Investor Meeting today to outline details of a compelling operating and financial plan that features durable returns and cash flow growth for decades to come, while further describing the company's valued role in the energy transition. "Today I'm pleased to once again share a 10-year plan that provides a combination of industry-leading returns and cash flow growth, driven by our deep, durable and diverse portfolio. Our continued focus on capital discipline and investing in low cost of supply opportunities allows us to share a plan that keeps getting better and differentiates us from our peers," said Ryan Lance, ConocoPhillips chairman and

ConocoPhillips (NYSE:COP) today announced through its Australian subsidiary that it plans to become upstream operator of Australia Pacific LNG (APLNG) following the closing of EIG's transaction with Origin Energy. In connection with this announcement, ConocoPhillips has agreed to purchase up to an additional 2.49% shareholding interest in APLNG for $0.5 billion, subject to customary adjustments. ConocoPhillips currently holds a 47.5% APLNG shareholding interest and will own up to 49.99% of APLNG upon closing. Both the assumption of upstream operatorship and the shareholding acquisition are dependent on EIG closing its transaction with Origin. EIG's transaction with Origin and ConocoPhillips

ConocoPhillips (NYSE:COP) welcomes the Department of the Interior's Record of Decision (ROD) on the Willow project, adopting the three core pads detailed in the Bureau of Land Management (BLM) preferred Alternative E. ConocoPhillips Alaska completed extensive preparations with key contractors and expects to immediately initiate gravel road construction activities. The company continues to review the ROD and will advance internal approval processes towards a Final Investment Decision. "This was the right decision for Alaska and our nation," said Ryan Lance, ConocoPhillips chairman and chief executive officer. "Willow fits within the Biden Administration's priorities on environmental and soc

SAN DIEGO, Nov. 22, 2022 /PRNewswire/ -- Sempra (NYSE:SRE) (BMV:SRE) today announced that its subsidiary, Sempra Infrastructure, and ConocoPhillips (NYSE:COP) have executed a 20-year Sale and Purchase Agreement (SPA) for 5 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from Phase 1 of the proposed Port Arthur LNG project under development in Jefferson County, Texas. The parties have also entered into an equity sale and purchase agreement whereby ConocoPhillips will acquire 30% of the equity in Phase 1 of Port Arthur LNG, and a natural gas supply management agreement whereby ConocoPhillips will manage the feedgas supply requirements for Phase 1 of the proposed liquefaction fac

ConocoPhillips (NYSE:COP) today announced that Tim Leach, previously executive vice president, Lower 48, has become advisor to the chief executive officer, effective May 1, 2022. In addition to his new role, Leach will continue serving as a member of the company's board of directors. In conjunction with this change, the company also announced that Jack Harper, previously president, Permian for ConocoPhillips, and former president of Concho Resources, has assumed the role of executive vice president, Lower 48 and joined the ConocoPhillips executive leadership team, effective May 1, 2022. Harper has more than 25 years of experience leading operations, finance, corporate planning/strategy, ca

ConocoPhillips (NYSE:COP) ("COP") announced today the pricing terms of the previously announced tender offer (the "Tender Offer") by ConocoPhillips and its wholly-owned subsidiary, Concho Resources Inc. ("CXO" and, together with ConocoPhillips, the "Company"), to purchase the outstanding debt securities (collectively, the "Notes" and each a "Series" of Notes) identified in the Company's Offer to Purchase dated February 22, 2022 (as amended, the "Offer to Purchase"). The Tender Offer was previously amended to increase the Maximum Aggregate Purchase Price (as defined in the Offer to Purchase) to an amount sufficient to permit the Company to accept for purchase all Notes that were validly tend

ConocoPhillips (NYSE:COP) ("COP") announced today the early results of the previously announced tender offer (the "Tender Offer") of ConocoPhillips and its wholly-owned subsidiary, Concho Resources Inc. ("CXO" and, together with ConocoPhillips, the "Company"), to purchase the outstanding debt securities identified in the table below (collectively, the "Notes" and each a "Series" of Notes). ConocoPhillips further announced that the Company intended to accept for purchase, in accordance with the terms and conditions of the Offer to Purchase dated February 22, 2022 (as amended by this release, the "Offer to Purchase"), all Notes validly tendered and not validly withdrawn on or before 5:00 p.m.

ConocoPhillips (NYSE:COP) announced today that it has completed the sale of the subsidiary that indirectly owns its 54% interest in the Indonesia Corridor Block Production Sharing Contract (PSC) and a 35% shareholding interest in the Transasia Pipeline Company to MedcoEnergi for $1.355 billion, with an effective date of Jan. 1, 2021. After customary closing adjustments, net cash from the sale is approximately $0.8 billion, which accounts for $0.1 billion restricted cash transferred to MedcoEnergi at closing. "We are proud of our half-century history in Indonesia and pleased that MedcoEnergi recognizes the value of this business," said Ryan Lance, ConocoPhillips chairman and chief executive

ConocoPhillips (NYSE:COP) ("COP") announced today that ConocoPhillips and its wholly-owned subsidiary, Concho Resources Inc. ("CXO"), have commenced a cash tender offer (the "Tender Offer") to purchase outstanding notes listed in the table below (collectively, the "Notes" and each a "Series" of Notes) having an aggregate purchase price (excluding accrued interest) of up to $1.8 billion (the "Maximum Aggregate Purchase Price"), in the order of priority shown in the table below. Acceptance Priority Level CUSIP / ISIN Title of Security Purchaser Original Issuer Aggregate Principal Amount Outstanding Reference U.S. Treasury Security Bloomberg Reference Page Fixed Spre

ConocoPhillips (NYSE:COP) today announced through its Australian subsidiary that it has completed the purchase of an additional 10% shareholding interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.645 billion. After customary closing adjustments, cash paid for the additional interest is approximately $1.4 billion (AU$2.0 billion). The transaction resulted from the exercise of ConocoPhillips' preemption right and is funded from cash on the company's balance sheet. The ConocoPhillips subsidiary now owns a 47.5% interest in APLNG, with Origin Energy and Sinopec owning 27.5% and 25% interests, respectively. Based on the new 47.5% ownership interest and a full-year average Brent

ConocoPhillips (NYSE:COP) today announced several updates that highlight the company's differentiated value proposition. This announcement follows the recent closing of the company's acquisition of Shell's Permian Basin properties on Dec. 1 for net cash of $8.6 billion. Today's announcement reflects the addition of Shell's Permian Basin properties, including the previously announced expected 2022 capital expenditures and production associated with that transaction. Highlights include: Planned companywide 2022 capital expenditures of ~$7.2 billion; The planned capital includes ~$0.2 billion for Scope 1 and 2 emissions-reduction projects across the company's global operations and investm

ConocoPhillips (NYSE:COP) announced today a quarterly dividend of 43 cents per share, payable Sept. 1, 2021, to stockholders of record at the close of business on July 26, 2021. --- # # # --- About ConocoPhillips Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $84 billion of total assets, and approximately 10,300 employees at March 31, 2021. Production excluding Libya averaged 1,488 MBOED for the three months ended March 31, 2021, and proved reserves were 4.5 BBOE as of Dec. 31, 2020. For more information, go to www.conocophillips.com. CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATIO

ConocoPhillips (NYSE:COP) today reported first-quarter 2021 earnings of $1.0 billion, or $0.75 per share, compared with a first-quarter 2020 loss of $1.7 billion, or ($1.60) per share. Excluding special items, first-quarter 2021 adjusted earnings were $0.9 billion, or $0.69 per share, compared with first-quarter 2020 adjusted earnings of $0.5 billion, or $0.45 per share. Special items for the current quarter included an unrealized gain on Cenovus Energy shares and a gain associated with the Australia-West divestiture following the buyer's final investment decision on the Barossa development project. Partially offsetting these benefits were previously announced transaction and restructuring

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it resumed its share repurchase program at an annualized level of $1.5 billion, a 50% increase compared to the level of repurchases underway in the fourth quarter of 2020 when the program was suspended due to the Concho transaction. The company expects to execute the program ratably across all four quarters in 2021. Based on the company’s current outlook for 2021 commodity prices, this level of share repurchases, combined with the ordinary dividend, reflects its long-standing priority to return greater than 30% of cash from operations to shareholders annually. “It’s still early in the new year, but commodit

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported a fourth-quarter 2020 loss of $0.8 billion, or ($0.72) per share, compared with fourth-quarter 2019 earnings of $0.7 billion, or $0.65 per share. Excluding special items, fourth-quarter 2020 adjusted earnings were a loss of $0.2 billion, or ($0.19) per share, compared with fourth-quarter 2019 adjusted earnings of $0.8 billion, or $0.76 per share. Special items for the current quarter were primarily due to non-cash impairments related to the Alaska North Slope Gas asset and non-core assets in Lower 48, in addition to exploration-related expenses in Other International, partially offset by an unrealized gain on Cenovu