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November 25, 2009 10:08 PM ET

ConocoPhillips (COP:NYSE)

LAST $52.90 USD
CHANGE TODAY +0.22 0.42%
VOLUME 7.2M
As of 4:00 PM 11/25/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of ConocoPhillips (COP)

OPEN
$52.70
PREVIOUS CLOSE
$52.68
DAY HIGH
$52.96
DAY LOW
$52.48
52 WEEK HIGH
01/6/09 - $57.44
52 WEEK LOW
03/6/09 - $34.12
MARKET CAP
78.5B
AVERAGE VOLUME 3 mo
10.0M
DILUTED EPS TTM
$-18.92
SHARES OUTSTANDING
1.5B
EX-DATE
10/28/09
P/E TTM
NM
DIVIDEND
$2.00
DIVIDEND YIELD
3.78%
K = Thousands  M = Millions  B = Billions

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COP Details

ConocoPhillips operates as an integrated energy company worldwide. The company operates through six segments: Exploration and Production (E&P), Midstream, Refining and Marketing (R&M), LUKOIL Investment, Chemicals, and Emerging Businesses. E&P segment explores for, produces, and markets crude oil, natural gas, and natural gas liquids. It also mines deposits of oil sands in Canada to extract the bitumen and upgrade it into a synthetic crude oil. Midstream segment gathers, processes, and markets natural gas; and fractionates and markets natural gas liquids in the United States and Trinidad. R&M segment purchases, refines, markets, and transports crude oil and petroleum products, including gasoline, distillates, and aviation fuels. LUKOIL Investment segment consists of 20% interest in OAO LUKOIL, an international integrated oil and gas company. Chemicals segment manufactures and markets petrochemicals and plastics. It offers olefins and polyolefins, such as ethylene, propylene, and other olefin products; aromatics products, such as benzene, styrene, paraxylene, cyclohexane, polystyrene, and styrene-butadiene copolymers; and various specialty chemical products comprising organosulfur chemicals, solvents, catalysts, drilling chemicals, mining chemicals, and engineering plastics and compounds. Emerging Businesses segment develops new technologies and businesses. It focuses on the power generation; and alternative energy and programs, such as advanced hydrocarbon processes, energy conversion technologies, new petroleum-based products, and renewable fuels. It also offers E-Gas, a gasification technology producing high-value synthetic gas. As of December 31, 2008, the company had 8.08 billion barrels of oil equivalent of proved reserves. ConocoPhillips was founded in 1917 and is based in Houston, Texas with additional offices in Belle Chasse and Westlake, Louisiana.

COP Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Age: 62
Total Annual Compensation: $1.5M
President and Chief Operating Officer
Age: 57
Total Annual Compensation: $967.3K
Chief Financial Officer and Senior Vice Presi...
Age: 55
Total Annual Compensation: $599.7K
Principal Accounting Officer and Senior Vice ...
Age: 53
Total Annual Compensation: $445.3K
Assistant to Chief Executive Officer
Age: 50
Total Annual Compensation: $817.4K
Compensation as of Fiscal Year 2008.

Key developments for ConocoPhillips (COP)

Kinder Morgan Eyes ConocoPhillips’ Assets

Kinder Morgan Energy Partners LP may plans to acquire some pipeline and terminal assets from ConocoPhillips or other major oil companies. Kimberly Dang, Chief Financial Officer of the firm said, “I think there will be opportunities to invest in those. There is nothing definitive.” In October, ConocoPhillips said it would sell about $10 billion of assets in the next two years. Bill Stephens, a ConocoPhillips spokesman, declined in an e-mail to comment on possible purchases of the company’s assets by Kinder Morgan. Jeff Sheets, a senior vice president of planning and strategy, said this week that ConocoPhillips may look to sell interests in infrastructure assets such as a 25% stake in the Rockies Express pipeline.

ConocoPhillips Delays Wilhelmshaven Upgrade Project

ConocoPhillips announced a delay in the planned upgrade of its 260,000 barrel-per-day Wilhelmshaven refinery in Germany. This action is consistent with the recent announcement that the company's capital budget for 2010 will be reduced from current levels to improve financial flexibility and better balance expenditures and resources. The project is intended to upgrade the Wilhelmshaven facility into a premier European refinery by significantly improving diesel output from the refinery while equipping it to process less expensive crude. Certain procurement and permitting activities currently in progress will be completed to allow a smooth restart of the project at the appropriate time.

ConocoPhillips May Divest Stake In Rockies Express Pipeline

ConocoPhillips may divest its 25% stake in the Rockies Express Pipeline. The divesture is part of its plan to divest $10 billion in assets. Jeff Sheets, Conoco's senior vice president for planning and strategy said: "That might be a good candidate for us." The company is also looking at divesting its stake in Syncrude Canada Ltd. and as older producing fields.

BusinessWeek Rankings

BusinessWeek 50
2006  #31
2005  #2

Stock Quotes

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COP $52.90 USD +0.22
STX $15.89 USD +0.22
GILD $46.98 USD +0.02
VIA $32.01 USD -0.02
AMZN $134.03 USD +1.09

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COP Competitors

Company Last Change
Chevron Corp $79.64 USD +0.61
General Electric Co $16.18 USD +0.06
Siemens €67.09 EUR +1.04
Total €42.61 EUR +0.04
View Industry Companies
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Industry Analysis

Valuation COP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.6x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x

COP

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COP transactions

Type
Date
Target
Bankruptcy
October 5, 2009
Lake Tahoe Development Co., LLC
Merger/Acquisition
October 2, 2009
Deltana Platform Block Two
Merger/Acquisition
September 30, 2009
ConocoPhillips, Two Refined Product Pipelines and Three Terminals in Chicago and St. Louis
View More COP Transactions...

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