Search results for: Ryan Lance

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  • 21 April 2015

    ConocoPhillips Chairman and CEO, Ryan Lance, has discussed the current situation in the oil and gas industry and the future of energy laws at yesterday’s opening session of IHS CERAWeek 2015 in Houston. Ryan Lance started his speech by recognizing that the industry is indeed “living in turbulent times”. “Just a few years ago, we at ConocoPhillips envisioned […]

  • 11 May 2015

    When oil prices dramatically dropped in the fall of 2014, operators began to significantly alter their plans, Douglas Westwood, an energy intelligence group, says in its DW Monday report. As months passed, many thought service providers would gain clarity on the upstream situation and begin to develop their own strategic plans. However, as we have progressed […]

  • 29 October 2019
    Business & Finance

    U.S. oil major ConocoPhillips recorded a smaller quarterly profit in 3Q 2019 due to lower realized oil prices and higher exploration expenses.  ConocoPhillips on Tuesday reported third-quarter 2019 earnings of $3.1 billion, compared with third-quarter 2018 earnings of $1.9 billion. Excluding special items, third-quarter 2019 adjusted earnings were $0.9 billion, compared with third-quarter 2018 adjusted […]

  • 30 July 2015

    ConocoPhillips, a Houston-based, independent oil and gas company, Thursday reported a second-quarter 2015 net loss of $179 million, compared with second-quarter 2014 earnings of $2.1 billion.  Excluding special items, second-quarter 2015 adjusted earnings were $81 million, or $0.07 per share, compared with second-quarter 2014 adjusted earnings of $2.0 billion, or $1.61 per share. Special items […]

  • 8 November 2017
    Business & Finance

    Oil and gas major ConocoPhillips will spend $5.5 billion a year in the next three years as long as oil prices stay $50 above per barrel. 

  • 11 November 2015

    ConocoPhillips Chairman and CEO Ryan Lance has been elected chairman of American Petroleum Institute’s Board of Directors effective January 1, 2016. Furthermore, Phillips 66 Chairman and CEO Greg Garland has been elected chair of the Finance Committee. “Ryan Lance’s experience, knowledge and vision for our nation’s energy future will advance API’s goal of ensuring that […]

  • 11 November 2015

    American Petroleum Institute named ConocoPhillips’ Chairman and CEO Ryan Lance as board of directors chairman, effective January 1, 2016.

  • 17 July 2015

    ConocoPhillips, dubbed the world’s largest independent exploration and production company, has said it will scale down its deepwater activity. In a statement issued Thursday, the company said it would reduce future deepwater exploration spending, with the most significant reductions coming from the operated Gulf of Mexico program. “Since the start of the oil and gas price downturn […]

  • 29 January 2015

    ConocoPhillips today reported a fourth-quarter 2014 net loss of $39 million, or $0.03 per share, compared with fourth-quarter 2013 earnings of $2.5 billion, or $2.00 per share. Excluding special items, fourth-quarter 2014 adjusted earnings were $0.7 billion, or $0.60 per share, compared with fourth-quarter 2013 adjusted earnings of $1.7 billion, or $1.40 per share. Special […]

  • 17 March 2015
    Business & Finance

    ConocoPhillips today announced its 2015 to 2017 capital budget and growth outlook, in which its says the oil prices will remain unstable. The company will thus reduce its three year spending plan from $16 billion per year to $11.5 billion. “For the past three years, ConocoPhillips has consistently delivered our stated objectives against a backdrop […]

  • 18 February 2016
    Business & Finance

    ConocoPhillips on Thursday announced the retirement of Jeff Sheets as executive vice president, Finance and chief financial officer after more than 35 years with the company. In conjunction with Sheets’ retirement, ConocoPhillips also announced several executive leadership changes to realign responsibilities. Don Wallette, Jr., currently executive vice president, Commercial, Business Development and Corporate Planning, has […]

  • 14 April 2014
    Business & Finance

    ConocoPhillips and Texas A&M University recently announced a $6 million contribution by ConocoPhillips to the university’s Dwight Look College of Engineering. The multi-year donation will support construction of the new Engineering Education Complex. During an event at the company’s Houston headquarters, ConocoPhillips Chairman and Chief Executive Officer Ryan Lance presented the check to Dr. M. […]

  • 31 October 2014
    Business & Finance

    ConocoPhillips has reported third-quarter 2014 earnings of $2.7 billion, or $2.17 per share, compared with third-quarter 2013 earnings of $2.5 billion, or $2.00 per share. Excluding special items, third-quarter 2014 adjusted earnings were $1.6 billion, or $1.29 per share, compared with third-quarter 2013 adjusted earnings of $1.8 billion, or $1.47 per share. Special items for […]

  • 21 April 2011
    Project & Tenders

      Australia Pacific LNG Pty Ltd and China Petroleum & Chemical Corporation (Sinopec) today signed a Sale and Purchase Agreement for the supply of 4.3 million tonnes per annum of LNG for 20 years from Australia Pacific LNG’s world-class coal seam gas resources and proposed LNG facility on Curtis Island, Gladstone in Queensland. Australia Pacific […]

  • 24 February 2016

    ConocoPhillips, a U.S.-based exploration and production company, is planning for the worst case scenario when it comes to the oil market situation. This was stated on Tuesday by the company’s CEO Ryan Lance, during the IHS CERAWeek energy conference in Houston, Texas. He was responding to a question on when the current downcycle would end […]

  • 1 August 2013

    ConocoPhillips reported second-quarter 2013 earnings of $2.1 billion, compared with second-quarter 2012 earnings of $2.3 billion. Second-quarter 2012 reported earnings included $0.5 billion from downstream operations prior to the separation of Phillips 66 on April 30, 2012. Excluding special items, second-quarter 2013 adjusted earnings were $1.8 billion, compared with second-quarter 2012 adjusted earnings of $1.5 […]

  • 9 December 2014

    ConocoPhillips cut its 2015 capital budget by 20% compared to 2014.

  • 30 July 2019
    Business & Finance

    ConocoPhillips recorded a similar profit in the second quarter 2019 to the one made in the same period last year as lower oil prices were offset by higher volumes. 

  • 13 July 2017

    Houston-based energy giant and LNG player ConocoPhillips has elected Sharmila Mulligan, founder and chief executive officer of ClearStory Data Inc., to serve as a board member. Mulligan spent her career building innovative software companies, most recently founding ClearStory Data Inc. in 2011. She previously served in senior roles at numerous software companies, including Aster Data, […]

  • 20 May 2020
    Business & Finance, Business developments & projects

    ConocoPhillips has said that Don E. Wallette, Jr. will be retiring as executive vice president and a chief financial officer after a 39-year career with the company.

  • 2 February 2017

    Houston-based energy giant and LNG player ConocoPhillips reported a loss of $35 million in its fourth quarter of 2016, compared with $3.5 billion in the same quarter a year before. On a per-share basis, ConocoPhillips said it had a loss of 3 cents. Losses, adjusted for one-time gains and costs, came to 26 cents per share […]

  • 4 February 2020
    Business & Finance

    ConocoPhillips posted a smaller profit for the fourth quarter of 2019 compared to the prior-year period due to impairments and lower realized prices and volumes.