ConocoPhillips (COP) Raises Quarterly Dividend 2.4% to $0.43; 4.9% Yield
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Norway oil strike ends after wage agreement
October 9, 2020 8:39 AM EDTBy Nerijus Adomaitis
OSLO (Reuters) - Norwegian oil firms struck a wage bargain with labour union officials on Friday, ending a 10-day strike that had threatened to cut the country's oil and gas output by close to 25% next week, negotiators for each side told Reuters.
Brent oil prices fell by more than 1% on the news to $42.67.
Six offshore fields shut on Monday and a further seven had been scheduled to follow in the coming days, with the oil and gas outage set to grow to 966,000 barrels of oil equivalent (boed) by Oct. 14, the industry had... More
ConocoPhillips (COP) PT Raised to $52 at Truist Securities
October 9, 2020 7:20 AM EDTTruist Securities raised its price target on ConocoPhillips (NYSE: COP) to $52.00 (from $51.00) while maintaining a Buy rating.... More
