ConocoPhillips (COP) Provides Preliminary First-Quarter 2021 Operational and Financial Update

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Go back to ConocoPhillips (COP) Provides Preliminary First-Quarter 2021 Operational and Financial Update

ConocoPhillips Provides Preliminary First-Quarter 2021 Operational and Financial Update; Reaffirms Full-Year 2021 Capital of $5.5 Billion and Production of 1.5 Million Barrels of Oil Equivalent per Da

March 31, 2021 8:30 AM EDT

HOUSTON--(BUSINESS WIRE)-- ConocoPhillips (NYSE: COP) today provided information regarding preliminary first-quarter 2021 operational and financial updates as well as certain full-year 2021 guidance items. The information discussed herein reflects the combined company following the close of the Concho transaction in January. Final first-quarter results will be reported on May 4.

First-Quarter Production

The company expects to report first-quarter 2021 production volumes of 1,470 to 1,490 thousand barrels of oil equivalent per day (MBOED). This estimate includes approximately 50 MBOED of unplanned weather impacts experienced throughout the Lower 48 as a result of Winter... More