11/09/09
The company raised its quarterly dividend by 6.4% to 50 cents.
Conoco has less than $1 billion in cash and $30.4 billion in debt. While Exxon and Chevron (First two largest oil company), which have multibillion-dollar cash reserves.
Conoco's heavy spending left it more exposed than competitors when oil and natural-gas prices collapsed last year.
10/28/09 Earnings Reports Highlights
1. Third-quarter earnings of $1.5 billion, or $1.00 per share, a decrease of 71 percent, compared with the same period in 2008
2. E&P production up more than 5 percent year to date, with international crude oil projects adding approximately 130,000 BOE per day
3. Ramp up of SAGD oil sands projects with quarterly production of more than 50,000 BBLs per day and approval to expand the Christina Lake development
4. Exploration success with the Tiber discovery and Eagle Ford shale play
5. San Francisco hydrocracker commissioned in late September
1. Third-quarter earnings of $1.5 billion, or $1.00 per share, a decrease of 71 percent, compared with the same period in 2008
2. E&P production up more than 5 percent year to date, with international crude oil projects adding approximately 130,000 BOE per day
3. Ramp up of SAGD oil sands projects with quarterly production of more than 50,000 BBLs per day and approval to expand the Christina Lake development
4. Exploration success with the Tiber discovery and Eagle Ford shale play
5. San Francisco hydrocracker commissioned in late September
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