HALISTER: ConocoPhillips 4Q Adj. Loss/Shr Narrower Than Est.

ConocoPhillips 4Q Adj. Loss/Shr Narrower Than Est.

(Bloomberg) -- ConocoPhillips 4Q adj loss/shr 26c, est. loss 41c; sees 2017 capex $5.0b, est. $5.07b.
  • Sees 2017 production 1.5-1.6mmboe/day vs 1.5mmboe/day in 2016 (ex. Libya)
  • Sees 2017 production and operating expenses $6.1b
  • Prelim. year-end 2016 proved reserves 6.4b boe; total reserve replacement ratio, including dispositions and market factors, is expected to be negative 194%
  • 4Q production excluding Libya 1.6mmboe/day, decrease of 12mboe/day vs y/y
  • Call 12pm, www.conocophillips.com/investor
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
COP US (ConocoPhillips)

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