Sumitomo Looks to Tap US Shale Boom Despite Exiting Production [BNN Bloomberg (Canada)]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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Source: BNN Bloomberg
The company will seek to boost sales of pipelines used in US shale fields, Shingo Ueno, who became president in April, said in an interview. “Shale is perhaps one of the most important natural resources for the US,” the 64-year-old said, adding that Sumitomo will tap its strength in related businesses rather than return directly to output. Sumitomo's exit from US shale production contrasts with major energy companies including ConocoPhillips and Exxon Mobil Corp., which are making multibillion-dollar acquisitions in a bet that oil and gas demand will remain robust even as the world transitions away from fossil fuels. Japanese firms have joined the trend, with Mitsui & Co. last month buying a shale gas asset and Tokyo Gas Co. last year purchasing Rockcliff Energy for $2.7 billion. Sumitomo — one of the opaque Japanese trading companies that Warren Buffett invested in at the start of this decade — was the first of the so-called “sogo shosha” to announce, in 2021, that it would no l
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News
- ConocoPhillips (COP) Stock Falls 12.6% in 3 Months: Hold or Fold? [Yahoo! Finance]Yahoo! Finance
- Sumitomo Looks to Tap US Shale Boom Despite Exiting Production [Financial Post (Toronto, Ontario, Canada)]Financial Post
- ConocoPhillips (COP) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (NYSE: COP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- M&A Wave Hints at Eagle Ford Revival [Yahoo! Finance]Yahoo! Finance
COP
Earnings
- 5/2/24 - Beat
COP
Sec Filings
- 7/2/24 - Form 8-K
- 7/2/24 - Form 4
- 7/2/24 - Form 4
- COP's page on the SEC website