Analysis-A mountain of asset sales loom after oil megamerger era [Yahoo! Finance Canada]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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US:NYSE Investor Relations:
conocophillips.com/investor-relations/investor-presentations
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Source: Yahoo! Finance Canada
billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews. The share buybacks and dividends are needed to lure investors back to an industry that many have shunned over volatile returns and pressure to decarbonize portfolios. Energy stocks represent just 4.1% by weight of the S&P 500, a third of their 2011 share as tech and health care investments took off. But finding new owners for these properties is unlikely to be quick or easy, bankers and analysts warn. There are fewer institutional and European oil buyers interested, and a lack of ready cash to finance these deals. The private equity firms that once bought Big Oil's cast-offs have turned to energy transition, social impact and renewable investments. ADVERTISEMENT The scale of mergers has been unprecedented with $180 billion from six deals since October. Driven by a rush to add oil reserves that can be tapped in the future,
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News
- ConocoPhillips wins judge's approval to seize payments to Venezuela's PDVSA [Seeking Alpha]Seeking Alpha
- Elliott Affiliate Wins Citgo Auction With $7.28 Billion Bid [BNN Bloomberg (Canada)]BNN Bloomberg
- Elliott Affiliate Wins Citgo Auction With $7.28 Billion Bid [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Elliott Affiliate Wins Citgo Auction With $7.28 Billion Bid [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (NYSE: COP) had its price target lowered by analysts at Wells Fargo & Company from $150.00 to $132.00. They now have an "overweight" rating on the stock.MarketBeat
COP
Earnings
- 8/1/24 - Miss
COP
Sec Filings
- 9/12/24 - Form SD
- 9/4/24 - Form 4
- 9/4/24 - Form 3
- COP's page on the SEC website