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Conoco forecasts low, single-digit oil production growth this year

HOUSTON (Reuters) - ConocoPhillips (NYSE:COP) on Wednesday said its full year oil and gas production could rise at a low-single digit percentage rate over last year, with stronger...
Conoco forecasts low, single-digit oil production growth this year © Reuters. FILE PHOTO - A screen displays the logo for ConocoPhillips on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 6, 2022. REUTERS/Brendan McDermid

HOUSTON (Reuters) - ConocoPhillips (NYSE:COP) on Wednesday said its full year oil and gas production could rise at a low-single digit percentage rate over last year, with stronger gains in the top U.S. shale oil field.

A final investment decision to proceed with a long-proposed Willow oil-development project in Alaska's North Slope, could come this year, executives said on a conference call.

If final approvals are received, construction on the up to 600 million barrel holding in Alaska's National Petroleum Reserve could begin this winter. Peak production at the field is forecast to be 180,000 bpd.

Conoco projected third-quarter output of between 1.7 to 1.7 million barrels of oil and gas per day, up from 1.69 million boed in the prior quarter. Full-year production would be in the same range as the third quarter, executives said.

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12-08-2022 15:36:58 (UTC+7)

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 EUR/USD1.0296↑ Buy
 GBP/USD1.2177↑ Buy
 USD/JPY133.32↑ Buy
 AUD/USD0.7121↑ Buy
 USD/CAD1.2747Neutral
 EUR/JPY137.28↑ Buy
 EUR/CHF0.9696↑ Buy
 Gold1,802.50↑ Sell
 Silver20.297↑ Sell
 Copper3.6997↑ Buy
 Crude Oil WTI94.30Sell
 Brent Oil99.84↑ Sell
 Natural Gas8.691Buy
 US Coffee C221.98↑ Sell
 Euro Stoxx 503,776.55↑ Buy
 S&P 5004,207.27Buy
 DAX13,777.68↑ Buy
 FTSE 1007,507.20Neutral
 Hang Seng20,163.00Buy
 Small Cap 20001,975.26↑ Buy
 IBEX 358,445.29↑ Buy
 BASF43.945↑ Sell
 Bayer53.70↑ Buy
 Allianz180.86↑ Buy
 Adidas171.50↑ Sell
 Lufthansa6.606Sell
 Siemens AG112.09Neutral
 Deutsche Bank AG9.018↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,620/ 6,720
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Cập nhật lúc 15:30:29 12/08/2022
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