ConocoPhillips announced Thursday that it is moving forward with the under-development acquisition of a 30% interest in Sempra Energy’s liquefied natural gas (LNG) plant in Port Arthur, Texas. The move by the US energy giant is part of its effort to expand its LNG business to meet growing demand. Western sanctions against Russia’s energy sector […]
Tag: ConocoPhillips
Conocophillips: Leap in earnings in the quarter (upd)
LAST UPDATE 14:24 The American oil company Conocophillips announced higher quarterly profits, thanks to the rise in crude prices after the heavy sanctions in Russia that followed its invasion of Ukraine. Adjusted earnings stood at $ 4.29 billion, or $ 3.27 a share per quarter, up from $ 902 million, or 69 cents a share, […]
Dow plunges 1,100, worst point drop in history, will Fed act?
This is a live blog. Check back for updates. 4:01 pm: Dow ends wild day down nearly 1,200 points The Dow tanked about 1,191 points, falling into correction territory, as coronavirus fears continued to drove investors away from risk assets. The 30-stock benchmark dropped 4.4% for its worst percentage day since Feb. 2018. On the […]