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Conoco expects to raise its capital spending budget to $2 billion-$2.4 billion in 2000 from $1.8 billion in 1999, Conoco Chairman and Chief Executive Archie Dunham said Tuesday. At the [...]

Higher commodity prices and increased production volumes helped improve Conoco's third-quarter earnings 39% from a year ago. Houston-based Conoco, which completed a split-off from chemicals giant DuPont in August, said [...]

Crude oil prices rose by 20% in the third quarter, but it didn't show in the share performance of major integrated oil companies. To be sure, interest rate worries have [...]

Conoco Inc. said Wednesday that higher crude oil and natural gas prices, as well as continued growth in oil and natural gas production volumes, will result in earnings appreciably higher [...]

Projects developing extra-heavy oil in Venezuela's Orinoco Belt have taken another blow with the revelation that the pioneering Petrozuata project is running even further over budget. Petrozuata, a joint venture [...]

Conoco Inc. has provided what may be the first glimpse of what U.S. integrated firms are planning for capital spending next year, and if so, the outlook is extremely positive. [...]

Analysts' Expectations Following the lead of most of its U.S. integrated competitors, Houston-based Conoco Inc. beat Wall Street estimates for the second quarter of 1999 despite a 27% drop in [...]

Conoco Inc. said Thursday that it would take a charge of $19 million (3 cents/share) against second-quarter earnings to write off the cost of an unsuccessful well drilled offshore New [...]

Continuing labor unrest in the oil sector in Venezuela's Anzoategui state is costing U.S. oil company Conoco Inc. millions of dollars, a company spokesman said Thursday. More and more frequently, [...]

Conoco Inc. announced Friday that it has closed a $2 billion syndicated bank credit facility, completing its $6 billion post- initial public offering refinancing plan. The bank credit pact supports [...]

Tuesday's round of first-quarter earnings reports from U.S. integrated companies was ugly. Texaco Inc., Conoco Inc. and Phillips Petroleum Co. posted year-on-year profit slides of 60%-90% -- but things could [...]

Conoco Inc. said Friday that it has filed an amendment to its 1998 Annual Report on Form 1O-K, raising per-share earnings to 95 cents from the previous 72 cents. This [...]

By Merolli, Paul Mobil Corp. and Conoco Inc. on Wednesday were the last of the U.S. majors to release dismal fourth-quarter results. Mobil -- which is due to be consumed [...]

In the first full day of trading after Conoco Inc. raised $4.4 billion in the largest U.S. initial public offering (IPO) of stock, the integrated oil company's shares hit a [...]

DuPont Co. subsidiary Conoco Inc., the nation's eighth largest oil company, said Friday that its third-quarter net income was lower than last year because of higher interest and debt expense [...]

Conoco Inc. posted a drop of 48% in net income for the 2001 third-quarter. The company posted $257 million in net income for the period.

Exxon Mobil Corp. posted an increase of 44% in its 2001 first-quarter net income to $5 billion (5.53 billion euros). Conoco Inc. posted an increase of 54% in its quarterly net income to $653 million.

The operating nets of both Phillips Petroleum Co and Conoco Inc fell during the 2d qtr of the year 2002. Weak refinery and natural gas prices are the major reasons for the earnings declines.

Second-quarter financial results for petroleum refining firms are analyzed. Earnings per share are up from the first-quarter of 2002, but this is still 100% below 2001 figures.

With potential liquidity problems appearing almost daily among the energy merchants and independent power producers, the major oil companies epitomize balance sheet strength. After nearly three straight years of high [...]

Earnings for Conoco Inc and Marathon Oil Co declined in the 3rd qtr of 2001 from the 2nd qtr of the same year. Declines in refining margins and lower commodity prices are two reasons for the lower profits, which are expected to continue in the 4th qtr of 2001.

Conoco and Marathon both announced strong second quarter profits, but both companies warned that their third quarter will not be as robust.

Conoco achieved net income before special items of $574 million in the fourth quarter of 2000, up by 77% from the year-earlier period. A further strong performance is anticipated in the first quarter of 2001.

Despite a North Sea production fall of 4%, Conoco returned record third quarter 2000 earnings of $523 million because of higher commodity prices.

Houston-based oil major Conoco has announced earnings of $456 million for second quarter 2000, against $114 million for same period 1999.

Texaco and Conoco improved their financial results for the fourth quarter of 1999 by selling inventories. This practice of inventory control benefited the firms' results which would have been weaker.

Texaco, Phillips Petroleum and Conoco had major earnings decreases in 1st qtr 1999 but these companies expect better 2nd qtr 1999 earnings due to higher prices. Texaco earnings reached $105 million, a decrease of 60%; Phillips Petroleum earnings reached $18 million and Conoco earnings reached $83 million, a decrease of 74%.

Unocal, Mobil, and Conoco reported poor fourth quarter earnings, with Unocal's exploration and production units showing an 80% drop in operating earnings from the same quarter 1997, down to $18 million. Unocal CEO Roger Beach says the firm has decided to keep pipeline assets, since pipeline earnings were up 27% for the quarter.

Six major petroleum companies posted solid 2nd qtr 1997 financial results, despite price decreases for petroleum, gas, and petroleum products that had created lower expectations among industry analysts. Detailed financial results are provided for Chevron Corp, The Coastal Corp, Conoco Inc, Marathon Oil Co, Mobil Corp, and Shell Oil Co., Six integrated companies Wednesday reported impressive second-quarter earnings that -- for the most part -- appeared impervious to much lower commodity prices and in most cases also beat consensus expectations. [...]

Conoco Inc and Murphy Oil Co recorded positive financial results for 3rd qtr 1994, after special items were taken into account. Murphy Oil reported net income of $37.3 million, an increase of $17.1 million from the year-ago quarter. Conoco, on the other hand, recorded profits of $146 million for the period, $93 million less than the previous year. The mixed results were attributed to lower natural gas prices on the down side and improved operational efficiencies and output gains on the plus side., WASHINGTON -- Conoco Inc. and Murphy Oil Co. reported solid performances for the third quarter, with Murphy posting better- than-expected results. * Conoco: The Houston-based company reported total after-tax operating [...]

Financial results released on Apr 25, 1994, for major US oil companies showed that most were ahead of Wall Street analysts' expectations. One company, Amerada Hess Corp, did considerably better than expected, reporting 1st qtr net income of $83.7 million or 90 cents per share. Analysts had predicted only 70 cents per share. However, those same analysts downplayed the results, saying that the remaining quarters could not possible show similar results. The majors' improved results were mainly attributed to high production statistics and cost-savings programs. Phibro USA, Atlantic Richfield, Conoco, Unocal Corp and Texaco Inc also released their financial results on that day.

Conoco Inc had high earnings in 1993 due to improved refined product profit margins, while less-integrated companies dependent on upstream operations, such as Occidental Petroleum Corp and Union Texas Petroleum Holdings Inc, suffered. Conoco's profits rose 73% excluding nonrecurring charges to to $163 million for 4th qtr 1993 and 141% to $812 million for the year. Occidental earned $57 million for the quarter and $283 million for the year, compared to losses in 1992, but sales were down slightly to $8.1 billion. Union Texas's quarterly earnings were less, at $5 million, while annual profits increased to $27 million., WASHINGTON -- Companies heavily dependent on upstream operations, such as Occidental Petroleum Corp. and Union Texas Petroleum Holdings Inc., saw little improvement in earnings last year as a result of [...]

WASHINGTON -- Third-quarter profits of the Conoco Inc. division of E.I. du Pont de Nemours & Co. rose 22% before including large non-recurring gains from changes in the United Kingdom's [...]

Six major US oil companies posted strong earnings for 1st qtr 1993 due to improved exploration and production results. Atlantic Richfield Co and Unocal Corp each produced good results from their marketing and refining operations. Conoco Inc, Marathon Oil Co, Phillips Petroleum Co and Amerada Hess Corp reported weak downstream operations but each recorded improved results for the quarter., WASHINGTON -- Strong U.S. exploration and production results helped six more major U.S. oil companies report higher first-quarter earnings Monday. But two of the six, Atlantic Richfield Co. (Arco) and [...]

WASHINGTON -- Conoco Inc. followed the trend set by other major U.S. oil companies as it reported third-quarter earnings Wednesday that were strengthened by higher U.S. natural gas prices. But [...]

Conoco Inc and Pennzoil Co both reported poor earnings for 2nd qtr 1992. A stagnant economy, weak retail gasoline margins and sluggish consumer demand are responsible for the depressed earnings of most petroleum companies during the quarter. Conoco recorded $80 million in earnings for the quarter, compared to earnings of $229 million for 2nd quarter 1991. Pennzoil reported an earnings drop of $2.2 million for the quarter, compared to the same period in 1991., WASHINGTON -- Flat and depressed earnings reports continue to dog oil companies in 1992's second quarter, with poor retail gasoline margins, a sluggish economy and anemic consumer demand most often [...]