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ConocoPhillips reports fourth-quarter and full-year 2022 results

ConocoPhillips has reported fourth-quarter 2022 earnings of $3.2 billion compared with fourth-quarter 2021 earnings of $2.6 billion. Excluding special items, fourth-quarter 2022 adjusted earnings were $3.4 billion compared with fourth-quarter 2021 adjusted earnings of $3.0 billion. Full-year 2022 earnings were $18.7 billion compared with full-year 2021 earnings of $8.1 billion. ....

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ConocoPhillips Reports Fourth-Quarter Earnings of $3.2 Bullion | Hellenic Shipping News Worldwide

ConocoPhillips Reports Fourth-Quarter Earnings of $3.2 Bullion | Hellenic Shipping News Worldwide
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ConocoPhillips Reports Fourth-Quarter and Full-Year 2020 Results; Announces Quarterly Dividend


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Business Wire
ConocoPhillips Reports Fourth-Quarter and Full-Year 2020 Results; Announces Quarterly Dividend
The 2020 results discussed herein reflect the performance of ConocoPhillips prior to the acquisition of Concho, which closed in January 2021.
ConocoPhillips (NYSE: COP) today reported a fourth-quarter 2020 loss of $0.8 billion, or ($0.72) per share, compared with fourth-quarter 2019 earnings of $0.7 billion, or $0.65 per share. Excluding special items, fourth-quarter 2020 adjusted earnings were a loss of $0.2 billion, or ($0.19) per share, compared with fourth-quarter 2019 adjusted earnings of $0.8 billion, or $0.76 per share. Special items for the current quarter were primarily due to non-cash impairments related to the Alaska North Slope Gas asset and non-core assets in Lower 48, in addition to exploration-related expenses in Other International, partially offset by an unrealized gain on Cenovus Energy equity. ....

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ConocoPhillips Completes Acquisition of Concho Resources


Press release content from Business Wire. The AP news staff was not involved in its creation.
ConocoPhillips Completes Acquisition of Concho Resources
January 15, 2021 GMT
HOUSTON (BUSINESS WIRE) Jan 15, 2021
ConocoPhillips (NYSE: COP) today announced that it has completed its acquisition of Concho Resources (“Concho”) (NYSE: CXO) following approval by shareholders of both companies.
“We appreciate the strong support for this transaction from the shareholders of both companies, which we view as further affirmation of the significant benefits it will deliver,” said Ryan Lance, ConocoPhillips chairman and chief executive officer. “This acquisition results in the combination of two premier companies that can lead the structural change for our vital industry that’s critical to investors. We expect the company to deliver differential performance on three key mandates: providing affordable energy to the world, generating superior returns on and of capita ....

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