ConocoPhillips Announces Quarterly Dividend
July 13 2021 - 11:33AM
Business Wire
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
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 and anticipated results of operations,
business strategies, and other aspects of our operations or
operating results. Words and phrases such as “anticipate,"
“estimate,” “believe,” “budget,” “continue,” “could,” “intend,”
“may,” “plan,” “potential,” “predict," “seek,” “should,” “will,”
“would,” “expect,” “objective,” “projection,” “forecast,” “goal,”
“guidance,” “outlook,” “effort,” “target” 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 the
impact of public health crises, including pandemics (such as
COVID-19) and epidemics and any related company or government
policies or actions; global and regional changes in the demand,
supply, prices, differentials or other market conditions affecting
oil and gas, including changes resulting 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; changes in commodity prices,
including a prolonged decline in these prices relative to
historical or future expected levels; 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 or technical difficulties in
constructing, maintaining or modifying company facilities;
legislative and regulatory initiatives addressing global climate
change or other environmental concerns; investment in and
development of competing or alternative energy sources; disruptions
or interruptions impacting the transportation for our oil and gas
production; international monetary conditions and exchange rate
fluctuations; changes in international trade relationships,
including the imposition of trade restrictions or tariffs on any
materials or products (such as aluminum and steel) used in the
operation of our business; our ability to collect payments when due
under our settlement agreement with PDVSA; our ability to collect
payments from the government of Venezuela as ordered by the ICSID;
our ability to liquidate the common stock issued to us by Cenovus
Energy Inc. at prices we deem acceptable, or at all; our ability to
complete our announced or any future dispositions or acquisitions
on time, if at all; the possibility that regulatory approvals for
our 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 during or following our
announced or any 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; potential liability
for remedial actions under existing or future environmental
regulations; potential liability resulting from pending or future
litigation, including litigation related to our transaction with
Concho Resources Inc. (Concho); the impact of competition and
consolidation in the oil and gas industry; limited access to
capital or significantly higher cost of capital related to
illiquidity or uncertainty in the domestic or international
financial markets; general domestic and international economic and
political conditions; the ability to successfully integrate the
operations of Concho with our operations and achieve the
anticipated benefits from the transaction; unanticipated
difficulties or expenditures relating to the Concho transaction;
changes in fiscal regime or tax, environmental and other laws
applicable to our business; and disruptions resulting from
extraordinary weather events, civil unrest, war, terrorism or a
cyber attack; 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/20210713005899/en/
Dennis Nuss (media) 281-293-1149
dennis.nuss@conocophillips.com
Investor Relations 281-293-5000
investor.relations@conocophillips.com
ConocoPhillips (NYSE:COP)
Historical Stock Chart
From Mar 2024 to Apr 2024
ConocoPhillips (NYSE:COP)
Historical Stock Chart
From Apr 2023 to Apr 2024