ConocoPhillips Slates 2Q Production Estimates
By Micah Maidenberg
ConocoPhillips said it expects to produce 1.5 million to 1.54
million barrels of oil equivalent a day for the second quarter amid
better seasonal conditions in Europe and Asia.
That would be up from 981,000 barrels of oil equivalent a day in
the comparable quarter a year ago.
The company also said Tuesday it plans to sell its shares of
Cenovus Energy Inc. beginning in the second quarter and for that
process to be completed by the fourth quarter of 2022.
It plans to use proceeds from the sale of the Cenovus stock to
fund additional repurchases of its own shares.
Write to Micah Maidenberg at firstname.lastname@example.org
(END) Dow Jones Newswires
May 04, 2021 07:46 ET (11:46 GMT)
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