• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    ConocoPhillips announces pricing terms of cash tender offers for debt securities

    12/10/24 3:00:00 PM ET
    $COP
    Integrated oil Companies
    Energy
    Get the next $COP alert in real time by email

    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 Levels 1-7, as set forth in the second table below) (as it may be increased or decreased by CPCo in accordance with applicable law and the Offer to Purchase dated Nov. 25, 2024 (the "Offer to Purchase"), the "Maximum Offer Reference Amount") less the aggregate purchase price of the Any and All Notes validly tendered and accepted for purchase through the Early Tender Deadline (excluding accrued and unpaid interest and excluding fees and expenses related to the Offers) (the "Early Tender Maximum Offer Amount") of the debt securities listed in the second table below (collectively, the "Maximum Offer Notes" and together with the Any and All Notes, the "Notes"), subject to the priorities set forth in the second table below (the "Acceptance Priority Levels") and proration, and (B) for Holders who validly tender their Maximum Offer Notes following the Early Tender Deadline but on or prior to the Expiration Date (as defined below), a combined aggregate purchase price of up to the Maximum Offer Reference Amount less (x) the aggregate purchase price of the Any and All Notes validly tendered and accepted for purchase through the Early Tender Deadline (excluding accrued and unpaid interest and excluding fees and expenses related to the Offers), (y) the aggregate purchase price of Maximum Offer Notes validly tendered and accepted for purchase through the Early Tender Deadline (excluding accrued and unpaid interest and excluding fees and expenses related to the Offers) and (z) the aggregate purchase price of the Any and All Notes validly tendered and accepted for purchase after the Early Tender Deadline through the Expiration Date (excluding accrued and unpaid interest and excluding fees and expenses related to the Offers) (the "Late Tender Maximum Offer Amount") of Maximum Offer Notes, subject to the Acceptance Priority Levels and proration, provided that if the deduction of (x), (y) and (z) results in a negative number, the Late Tender Maximum Offer Amount will be $0. If the Late Tender Maximum Offer Amount is $0, no additional Maximum Offer Notes will be accepted for purchase after the Early Tender Deadline. The Offers are open to all registered holders of the applicable Notes (collectively, the "Holders").

    The applicable Total Tender Offer Consideration (set forth in the tables below) for each series of Notes validly tendered and accepted for purchase pursuant to the Offers was determined by reference to the applicable fixed spread specified for the applicable series in the tables below and in the Offer to Purchase over the yield to maturity based on the bid side price of the applicable Reference U.S. Treasury Security specified in the tables below and in the Offer to Purchase. The Total Tender Offer Consideration for the Notes was determined at 10:00 a.m., New York City time, on Dec. 10, in the manner described in the Offer to Purchase, by the Dealer Managers (as defined below).

    The following tables set forth certain information regarding the Notes that are expected to be accepted for purchase and the Offers:

    Any and All of the Outstanding Securities Listed Below (collectively, the "Any and All Notes"):

    Title of Security

    CUSIP / ISIN

    Issuer

    Aggregate Principal Amount Outstanding

    Prior to the Offers

    Reference U.S. Treasury Security(2)

    Reference

    Yield

    Fixed

    Spread

    (basis points)(2)(3)

    Total Tender Offer Consideration(3)(4)

    Principal Amount Tendered by the Early Tender Deadline and Expected to be Accepted for Purchase

    4.400% Senior Notes

    due 2027

    565849AP1 / US565849AP16

    Marathon

    $1,000,000,000

    4.125% U.S. Treasury due November 15, 2027

    4.104%

    35

    $998.66

    $569,781,000

    5.300% Senior Notes

    due 2029

    565849AQ9 / US565849AQ98

    Marathon

    $600,000,000

    4.125% U.S. Treasury due October 31, 2029

    4.103%

    40

    $1,030.28

    $513,269,000

    6.800% Senior Notes

    due 2032

    565849AB2 / US565849AB20

    Marathon

    $550,000,000

    4.250% U.S. Treasury due November 15, 2034

    4.221%

    50

    $1,126.42

    $370,068,000

    5.700% Senior Notes

    due 2034

    565849AR7 / US565849AR71

    Marathon

    $600,000,000

    4.250% U.S. Treasury due November 15, 2034

    4.221%

    55

    $1,067.63

    $496,336,000

    6.600% Senior Notes

    due 2037

    565849AE6 / US565849AE68

    Marathon

    $750,000,000

    4.250% U.S. Treasury due November 15, 2034

    4.221%

    90

    $1,137.54

    $410,045,000

    5.200% Senior Notes

    due 2045

    565849AM8 / US565849AM84

    Marathon

    $500,000,000

    4.625% U.S. Treasury due November 15, 2044

    4.491%

    80

    $988.69

    $313,538,000

    Up to the Maximum Offer Reference Amount of the Outstanding Securities Listed Below (collectively, the "Maximum Offer Notes") less the Aggregate Purchase Price of the Any and All Notes Validly Tendered and Accepted for Purchase in the Priority Listed Below:

    Title of Security

    CUSIP / ISIN

    Issuer

    Aggregate Principal Amount Outstanding

    Prior to the Offers

    Acceptance

    Priority Level(1)

    Reference U.S. Treasury Security(2)

    Reference

    Yield

    Fixed

    Spread

    (basis points)(2)(3)

    Total Tender Offer Consideration(3)(4)

    Principal Amount Tendered

    Principal Amount Expected to be Accepted for Purchase

    7.800%

    Debentures

    due 2027

    891490AR5 /

    US891490AR57

    CPCo

    $203,268,000

    1

    4.125% U.S. Treasury due November 15, 2027

    4.104%

    30

    $1,065.92

    $83,232,000

    $83,232,000

    7.000%

    Debentures

    due 2029

    718507BK1 / US718507BK18

    CPCo

    $112,493,000

    2

    4.125% U.S. Treasury due

    October 31, 2029

    4.103%

    30

    $1,100.64

    $17,010,000

    $17,010,000

    7.375%

    Senior Notes

    due 2029

    122014AL7 / US122014AL76

    Burlington Resources LLC

    $92,184,000

    3

    4.125% U.S. Treasury due

    October 31, 2029

    4.103%

    30

    $1,113.21

    $25,956,000

    $25,956,000

    6.950%

    Senior Notes

    due 2029

    208251AE8 / US208251AE82

    CPCo

    $1,195,359,000

    4

    4.125% U.S. Treasury due

    October 31, 2029

    4.103%

    30

    $1,099.58

    $490,357,000

    $490,357,000

    8.125%

    Senior Notes

    due 2030

    891490AT1 / US891490AT14

    CPCo

    $389,580,000

    5

    4.125% U.S. Treasury due

    October 31, 2029

    4.103%

    30

    $1,170.48

    $182,702,000

    $182,702,000

    7.400%

    Senior Notes

    due 2031

    12201PAN6 / US12201PAN69

    Burlington Resources LLC

    $382,280,000

    6

    4.250% U.S. Treasury due November 15, 2034

    4.221%

    40

    $1,163.96

    $150,717,000

    $150,717,000

    7.250%

    Senior Notes

    due 2031

    20825UAC8 / US20825UAC80

    Burlington Resources Oil & Gas Company L.P.

    $400,328,000

    7

    4.250% U.S. Treasury due November 15, 2034

    4.221%

    45

    $1,149.46

    $131,980,000

    $131,980,000

    7.200%

    Senior Notes

    due 2031

    12201PAB2 / US12201PAB22

    Burlington Resources LLC

    $446,574,000

    8

    4.250% U.S. Treasury due November 15, 2034

    —

    45

    —

    $235,369,000

    $0

    5.900%

    Senior Notes

    due 2032

    20825CAF1 / US20825CAF14

    ConocoPhillips

    $504,700,000

    9

    4.250% U.S. Treasury due November 15, 2034

    —

    45

    —

    $181,098,000

    $0

    5.950%

    Senior Notes

    due 2036

    20825VAB8 / US20825VAB80

    Burlington Resources LLC

    $326,321,000

    10

    4.250% U.S. Treasury due November 15, 2034

    —

    80

    —

    $149,655,000

    $0

    5.900%

    Senior Notes

    due 2038

    20825CAP9 / US20825CAP95

    ConocoPhillips

    $350,080,000

    11

    4.250% U.S. Treasury due November 15, 2034

    —

    90

    —

    $110,843,000

    $0

    5.950%

    Senior Notes

    due 2046

    20826FAR7 / US20826FAR73

    CPCo

    $328,682,000

    12

    $4.625% U.S. Treasury due November 15, 2044

    —

    85

    —

    $40,588,000

    $0

    6.500%

    Senior Notes

    due 2039

    20825CAQ7 / US20825CAQ78

    ConocoPhillips

    $1,587,744,000

    13

    4.250% U.S. Treasury due November 15, 2034

    —

    90

    —

    $481,148,000

    $0

    (1)

    Subject to the Early Tender Maximum Offer Amount and the Late Tender Maximum Offer Amount, as applicable, and proration, the principal amount of each series of Maximum Offer Notes that are purchased in the Maximum Notes Offer will be determined in accordance with the applicable "Acceptance Priority Level" (in numerical priority order with 1 being the highest Acceptance Priority Level and 13 being the lowest) specified in the applicable column.

    (2)

    Each applicable Reference U.S. Treasury Security was quoted from the Bloomberg Reference Page, FIT1. The Bloomberg Reference Page is provided for convenience only.

    (3)

    Includes the Early Tender Premium (as defined below)

    (4)

    Per $1,000 principal amount of Notes validly tendered on or prior to the Expiration Date (as defined below) and accepted for purchase.

    Holders of Notes validly tendered and not validly withdrawn on or prior to 5:00 p.m., New York City time, on Dec. 9, 2024 (the "Early Tender Deadline"), and accepted for purchase will receive the applicable Total Tender Offer Consideration set forth in the tables above, which includes an early tender premium of $50.00 per $1,000 principal amount of Notes accepted for purchase. In addition to the applicable Total Tender Offer Consideration, Holders of Notes validly tendered and not validly withdrawn on or prior to the Early Tender Deadline and accepted for purchase will also receive accrued and unpaid interest rounded to the nearest cent on such $1,000 principal amount of Notes from the last applicable interest payment date up to, but not including, the Early Settlement Date.

    Because the aggregate purchase price of Maximum Offer Notes validly tendered and not validly withdrawn on or prior to the Early Tender Deadline is expected to exceed the Early Tender Maximum Offer Amount, CPCo expects to accept all validly tendered 7.800% Debentures due 2027, 7.000% Debentures due 2029, 7.375% Senior Notes due 2029, 6.950% Senior Notes due 2029, 8.125% Senior Notes due 2030, 7.400% Senior Notes due 2031 and 7.250% Senior Notes due 2031, and none of the validly tendered 7.200% Senior Notes due 2031, 5.900% Senior Notes due 2032, 5.950% Senior Notes due 2036, 5.900% Senior Notes due 2038, 5.950% Senior Notes due 2046, and 6.500% Senior Notes due 2039. Although the Maximum Offer is scheduled to expire at 5:00 p.m., New York City time, on Dec. 24, 2024 (such date and time, as may be extended or earlier terminated by CPCo), because the Maximum Offer has been fully subscribed as of the Early Tender Deadline, CPCo does not expect to accept for purchase any Maximum Offer Notes tendered after the Early Tender Deadline. Maximum Offer Notes tendered and not accepted for purchase will be promptly returned to the tender Holders as described in the Offer to Purchase.

    The settlement date for Notes validly tendered and not validly withdrawn on or prior to the Early Tender Deadline and accepted for purchase is expected to be Dec. 12, 2024, the third business day after the Early Tender Deadline (the "Early Settlement Date").

    CPCo's obligation to accept for purchase, and to pay for, the Notes validly tendered and not validly withdrawn in the Offers is subject to the satisfaction or waiver of the conditions as described in the Offer to Purchase. CPCo reserves the absolute right, subject to applicable law, to: (i) waive any and all conditions applicable to any of the Offers; (ii) extend or terminate any of the Offers; (iii) increase or decrease the Maximum Offer Reference Amount for purposes of determining the Early Tender Maximum Offer Amount or the Late Tender Maximum Offer Amount, in either case, without extending the Early Tender Deadline or the Withdrawal Deadline; or (iv) otherwise amend any of the Offers in any respect.

    TD Securities (USA) LLC, HSBC Securities (USA) Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the Lead Dealer Managers (the "Dealer Managers") and Solicitation Agents for the Tender Offer. Global Bondholder Services Corporation is the Tender Agent and Information Agent. Persons with questions regarding the Tender Offer should contact TD Securities (USA) LLC (toll-free) at (866) 584-2096, HSBC Securities (USA) Inc. (toll-free) at (888) HSBC-4LM, J.P. Morgan Securities LLC (toll-free) at (866) 834-4666 or (collect) at (212) 834-4818, and Wells Fargo Securities (toll-free) at (866) 309-6316 or (collect) at (704) 410-4235. Requests for copies of the Offer to Purchase, the related Letter of Transmittal and related materials should be directed to Global Bondholder Services Corporation at (+1) (212) 430-3774, (toll-free) (855) 654-2015 or [email protected]. Questions regarding the tendering of Notes may be directed to Global Bondholder Services Corporation (toll-free) at (855) 654-2015.

    This news release is neither an offer to purchase nor a solicitation of an offer to sell the Notes. The Offers and Consent Solicitations are made only by the Offer to Purchase and the information in this news release is qualified by reference to the Offer to Purchase and related Letter of Transmittal, dated Nov. 25, 2024. None of ConocoPhillips or its affiliates, their respective boards of directors, the Dealer Managers, the Solicitation Agents, the Tender Agent and Information Agent or the trustees with respect to any Notes is making any recommendation as to whether holders should tender any Notes in response to the Offers, and neither ConocoPhillips nor any such other person has authorized any person to make any such recommendation. Holders must make their own decision as to whether to tender any of their Notes, and, if so, the principal amount of Notes to tender.

    ---# # # ---

    About ConocoPhillips

    ConocoPhillips is one of the world's leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 13 countries, $97 billion of total assets, and approximately 10,300 employees at Sept. 30, 2024. Production averaged 1,921 MBOED for the nine months ended Sept. 30, 2024, and proved reserves were 6.8 BBOE as of Dec. 31, 2023.

    For more information, go to www.conocophillips.com.

    CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

    This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as "ambition," "anticipate," "believe," "budget," "continue," "could," "effort," "estimate," "expect," "forecast," "goal," "guidance," "intend," "may," "objective," "outlook," "plan," "potential," "predict," "projection," "seek," "should," "target," "will," "would," and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from any ongoing military conflict, including the conflicts in Ukraine and the Middle East, and the global response to such conflict, security threats on facilities and infrastructure, or from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases, inflationary pressures or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; public health crises, including pandemics (such as COVID-19) and epidemics and any impacts or related company or government policies or actions; investment in and development of competing or alternative energy sources; potential failures or delays in delivering on our current or future low-carbon strategy, including our inability to develop new technologies; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships or governmental policies, including the imposition of price caps, or the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business, including any sanctions imposed as a result of any ongoing military conflict, including the conflicts in Ukraine and the Middle East; our ability to collect payments when due, including our ability to collect payments from the government of Venezuela or PDVSA; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions relating to the acquisition of Marathon Oil Corporation (Marathon Oil) or following any other announced or other future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; our ability to successfully integrate Marathon Oil's business and technologies, which may result in the combined company not operating as effectively and efficiently as expected; our ability to achieve the expected benefits and synergies from the Marathon Oil acquisition in a timely manner, or at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to pending or completed transactions; the impact of competition and consolidation in the oil and gas industry; limited access to capital or insurance or significantly higher cost of capital or insurance related to illiquidity or uncertainty in the domestic or international financial markets or investor sentiment; general domestic and international economic and political conditions or developments, including as a result of any ongoing military conflict, including the conflicts in Ukraine and the Middle East; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cybersecurity threats or information technology failures, constraints or disruptions; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241210444117/en/

    Get the next $COP alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $COP

    DatePrice TargetRatingAnalyst
    4/29/2025$107.00Buy → Neutral
    BofA Securities
    2/10/2025$157.00 → $124.00Strong Buy → Outperform
    Raymond James
    1/17/2025$125.00Buy
    TD Cowen
    12/16/2024$128.00Overweight
    Morgan Stanley
    12/16/2024$132.00 → $134.00Neutral → Outperform
    Mizuho
    12/6/2024$165.00Outperform
    Evercore ISI
    12/5/2024$120.00 → $123.00Neutral → Overweight
    Analyst
    7/18/2024$145.00Outperform
    Wolfe Research
    More analyst ratings

    $COP
    Financials

    Live finance-specific insights

    See more
    • ConocoPhillips announces Bill Bullock to retire after 39 years with the company

      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

      5/8/25 7:01:00 AM ET
      $COP
      Integrated oil Companies
      Energy
    • ConocoPhillips announces first-quarter 2025 results and quarterly dividend

      Reported first-quarter 2025 earnings per share of $2.23 and adjusted earnings per share of $2.09. Generated cash provided by operating activities of $6.1 billion and cash from operations (CFO) of $5.5 billion. Lowered both full-year capital expenditures and adjusted operating cost guidance while maintaining full-year production guidance. Declared second-quarter ordinary dividend of $0.78 per share. ConocoPhillips (NYSE:COP) today reported first-quarter 2025 earnings of $2.8 billion, or $2.23 per share, compared with first-quarter 2024 earnings of $2.6 billion, or $2.15 per share. Excluding special items, first-quarter 2025 adjusted earnings were $2.7 billion, or $2.09 per share, co

      5/8/25 7:00:00 AM ET
      $COP
      Integrated oil Companies
      Energy
    • ConocoPhillips to Hold First-Quarter Earnings Conference Call on Thursday, May 8

        ConocoPhillips (NYSE:COP) will host a conference call webcast on Thursday, May 8, 2025, at 12:00 p.m. Eastern time to discuss first-quarter 2025 financial and operating results. The company's financial and operating results will be released before the market opens on May 8. To access the webcast, visit ConocoPhillips' Investor Relations site, http://www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available for replay later the same day, with a transcript available the following day. --- # # # --- About ConocoPhillips Conoco

      3/27/25 12:04:00 PM ET
      $COP
      Integrated oil Companies
      Energy

    $COP
    SEC Filings

    See more
    • SEC Form S-4 filed by ConocoPhillips

      S-4 - CONOCOPHILLIPS (0001163165) (Filer)

      5/8/25 4:17:04 PM ET
      $COP
      Integrated oil Companies
      Energy
    • SEC Form 10-Q filed by ConocoPhillips

      10-Q - CONOCOPHILLIPS (0001163165) (Filer)

      5/8/25 1:31:57 PM ET
      $COP
      Integrated oil Companies
      Energy
    • ConocoPhillips filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Financial Statements and Exhibits

      8-K - CONOCOPHILLIPS (0001163165) (Filer)

      5/8/25 8:01:15 AM ET
      $COP
      Integrated oil Companies
      Energy

    $COP
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • ConocoPhillips downgraded by BofA Securities with a new price target

      BofA Securities downgraded ConocoPhillips from Buy to Neutral and set a new price target of $107.00

      4/29/25 8:05:51 AM ET
      $COP
      Integrated oil Companies
      Energy
    • ConocoPhillips downgraded by Raymond James with a new price target

      Raymond James downgraded ConocoPhillips from Strong Buy to Outperform and set a new price target of $124.00 from $157.00 previously

      2/10/25 6:57:12 AM ET
      $COP
      Integrated oil Companies
      Energy
    • TD Cowen initiated coverage on ConocoPhillips with a new price target

      TD Cowen initiated coverage of ConocoPhillips with a rating of Buy and set a new price target of $125.00

      1/17/25 7:31:01 AM ET
      $COP
      Integrated oil Companies
      Energy

    $COP
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4 filed by Director Niblock Robert A

      4 - CONOCOPHILLIPS (0001163165) (Issuer)

      5/1/25 5:35:04 PM ET
      $COP
      Integrated oil Companies
      Energy
    • SEC Form 4 filed by Director Connors Nelda J

      4 - CONOCOPHILLIPS (0001163165) (Issuer)

      5/1/25 5:31:32 PM ET
      $COP
      Integrated oil Companies
      Energy
    • SEC Form 4 filed by Director Niblock Robert A

      4 - CONOCOPHILLIPS (0001163165) (Issuer)

      4/2/25 10:47:24 AM ET
      $COP
      Integrated oil Companies
      Energy

    $COP
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more

    $COP
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more

    $COP
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Director Murti Arjun N bought $239,675 worth of shares (2,500 units at $95.87), increasing direct ownership by 13% to 21,500 units (SEC Form 4)

      4 - CONOCOPHILLIPS (0001163165) (Issuer)

      12/20/24 7:04:25 PM ET
      $COP
      Integrated oil Companies
      Energy
    • Director Walker R A bought $1,017,161 worth of shares (10,400 units at $97.80), increasing direct ownership by 38% to 38,000 units (SEC Form 4)

      4 - CONOCOPHILLIPS (0001163165) (Issuer)

      12/18/24 6:19:38 PM ET
      $COP
      Integrated oil Companies
      Energy
    • SEC Form SC 13G/A filed by ConocoPhillips (Amendment)

      SC 13G/A - CONOCOPHILLIPS (0001163165) (Subject)

      2/13/24 4:55:49 PM ET
      $COP
      Integrated oil Companies
      Energy
    • SEC Form SC 13G/A filed by ConocoPhillips (Amendment)

      SC 13G/A - CONOCOPHILLIPS (0001163165) (Subject)

      1/25/24 3:30:52 PM ET
      $COP
      Integrated oil Companies
      Energy
    • SEC Form SC 13G/A filed by ConocoPhillips (Amendment)

      SC 13G/A - CONOCOPHILLIPS (0001163165) (Subject)

      2/9/23 10:54:46 AM ET
      $COP
      Integrated oil Companies
      Energy
    • ConocoPhillips announces Bill Bullock to retire after 39 years with the company

      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

      5/8/25 7:01:00 AM ET
      $COP
      Integrated oil Companies
      Energy
    • ConocoPhillips announces first-quarter 2025 results and quarterly dividend

      Reported first-quarter 2025 earnings per share of $2.23 and adjusted earnings per share of $2.09. Generated cash provided by operating activities of $6.1 billion and cash from operations (CFO) of $5.5 billion. Lowered both full-year capital expenditures and adjusted operating cost guidance while maintaining full-year production guidance. Declared second-quarter ordinary dividend of $0.78 per share. ConocoPhillips (NYSE:COP) today reported first-quarter 2025 earnings of $2.8 billion, or $2.23 per share, compared with first-quarter 2024 earnings of $2.6 billion, or $2.15 per share. Excluding special items, first-quarter 2025 adjusted earnings were $2.7 billion, or $2.09 per share, co

      5/8/25 7:00:00 AM ET
      $COP
      Integrated oil Companies
      Energy
    • AM Best Affirms Credit Ratings of Sooner Insurance Company

      AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" (Excellent) of Sooner Insurance Company (Sooner) (Colchester, VT). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Sooner's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). Sooner's balance sheet strength is underpinned by its risk-adjusted capitalization at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR), generally favorable loss reserve development and low underwriting leverage. Sooner's m

      4/24/25 10:05:00 AM ET
      $COP
      Integrated oil Companies
      Energy

    $COP
    Leadership Updates

    Live Leadership Updates

    See more
    • Texas Pacific Land Set to Join S&P 500, Mueller Industries to Join S&P MidCap 400 and Atlas Energy Solutions to Join S&P SmallCap 600

      NEW YORK, Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE:TPL) will replace Marathon Oil Corp. (NYSE:MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE:MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE:AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE:COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions. Texas Pacific Land and Mueller Industries have company level market capitalizations that are more r

      11/21/24 6:23:00 PM ET
      $AESI
      $COP
      $MLI
      $MRO
      Mining & Quarrying of Nonmetallic Minerals (No Fuels)
      Industrials
      Integrated oil Companies
      Energy
    • ConocoPhillips appoints Nelda J. Connors to its board of directors

      ConocoPhillips (NYSE:COP) today announced that its board of directors has elected Ms. Nelda J. Connors to serve as a board member. Ms. Connors has more than 25 years of experience in the industrial and manufacturing industries. In 2011, she founded Pine Grove Holdings, LLC, where she currently serves as chair and chief executive officer, overseeing investments in small- and mid-sized businesses with a high engineering component. Prior to founding Pine Grove Holdings, Ms. Connors served as president and chief executive officer of Atkore International Group, Inc., from 2008 to 2010 while Atkore was a division of Tyco International, and from 2010 to 2011 following Atkore's spin-off as a sepa

      9/3/24 8:00:00 AM ET
      $COP
      Integrated oil Companies
      Energy
    • Meritage Homes Appoints Dennis V. Arriola to Its Board of Directors

      SCOTTSDALE, Ariz., June 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Dennis V. Arriola as an independent director to its Board of Directors, as part of its board refreshment process. His appointment brings the Board of Directors to a total of 12. The Board plans to consider Mr. Arriola for appointment to one or more board committees over the course of the next several regularly scheduled board meetings. Mr. Arriola currently serves as an Operating Partner at Sandbrook Capital, a private equity firm focused on transforming energy infrastructure investments. Previously, he was the chief executi

      6/14/23 5:02:12 PM ET
      $AGR
      $COP
      $MTH
      $SPWR
      Electric Utilities: Central
      Utilities
      Integrated oil Companies
      Energy