WPX Energy Declares Dividend on Preferred Stock
September 21 2016 - 11:55AM
Business Wire
WPX Energy’s (NYSE: WPX) board of directors has approved a
quarterly dividend of $0.78125 per share to holders of the
company’s 6.25 percent Series A Mandatory Convertible Preferred
Stock. The dividend is payable on Oct. 31, 2016, to holders of
record of the company’s preferred stock on Oct. 15, 2016.
About WPX Energy, Inc.
WPX is an oil-focused energy company with operations in the
Permian’s Delaware Basin, the Williston Basin and the San Juan
Basin. The company has reshaped its holdings through more than $5
billion of transactions and posted double-digit oil volume growth
in each of the past four years.
This press release includes “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. All statements, other than statements of historical facts,
included in this press release that address activities, events or
developments that the company expects, believes or anticipates will
or may occur in the future are forward-looking statements. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the company.
Statements regarding future drilling and production are subject to
all of the risks and uncertainties normally incident to the
exploration for and development and production of oil and gas.
These risks include, but are not limited to, the volatility of oil,
natural gas and NGL prices; uncertainties inherent in estimating
oil, natural gas and NGL reserves; drilling risks; environmental
risks; and political or regulatory changes. Investors are cautioned
that any such statements are not guarantees of future performance
and that actual results or developments may differ materially from
those projected in the forward-looking statements. The
forward-looking statements in this press release are made as of the
date of this press release, even if subsequently made available by
WPX Energy on its website or otherwise. WPX Energy does not
undertake and expressly disclaims any obligation to update the
forward-looking statements as a result of new information, future
events or otherwise. Investors are urged to consider carefully the
disclosure in our filings with the Securities and Exchange
Commission, available from us at WPX Energy, Attn: Investor
Relations, P.O. Box 21810, Tulsa, Okla., 74102, or from the SEC’s
website at www.sec.gov.
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version on businesswire.com: http://www.businesswire.com/news/home/20160921006239/en/
WPX Energy, Inc.Media Contact:Kelly Swan,
539-573-4944orInvestor Contact:David Sullivan,
539-573-9360
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