Presumably the spring is still room for growth of stock quotes ConocoPhillips
ConocoPhillips announced in general neutral results for the IV quarter, but with a positive tinge. GAAP net income was worse than waiting-tion by almost 30%, but adjusted profit - at the level of forecasts.
Total hydrocarbon production in 2009 increased compared with 2008 by 65 thousand b.n.e day. Given the share of LUKOIL production in 2009 amounted la 2,29 million boe day. and without - 1,85 million boe day (in 2008 - 1.79 million boe per day). Level load refineries in the IV quarter due to low profitability in the downstream segment of the world was only at around 76%. In the U.S. the figure from ConocoPhillips was 83%.
Board ConocoPhillips could boast of lower costs in 2009 to $ 1.7 billion (compared to 2008) with the strategic goal to reduce the cost of $ 1.4 billion from this value of about $ 700 million in action-type of management, others mainly resulted from the exchange fac-tor, as well as falling costs for energy consumption.
Net debt has been reduced to $ 28.7 billion, which is a sign-up the management announced strategy to reduce the high long-ing load. For this company in the next two years, expects to race-sell assets at $ 10 billion
Virtually the entire investment program for 2010 to $ 11.2 billion will be directed to the segment Exploration Production. Because of the sorry state oil company canceled or freeze a number of projects to build oil refineries. For more information on plans and strategy for ConocoPhillips You will find out on March 24, when there will be a meeting with analytical expres-tics.
supposed to spring is still room for growth in stock price after so serious in recent fall in the common shares offered for ZhAKh. This integrated companies, which include ConocoPhillips, compare to independent processors arc21e somewhat better due to the extraction of hydrocarbons. But the integrated companies in addition to rising energy prices fully the factors affecting the expected improvement in the downstream-segment, along with economic recovery, as well as the possibility of increasing the fee for petroleum imports to the United States.
The only “fly in the ointment” in a news background - the negative data on sales of durable goods
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