Conocophillips提供初步第三季度2020年度运营和财务更新,并宣布意图在2020年第四季度恢复10亿美元的股票回购

下载.pdf.

休斯顿- Conocophillips(纽约证券交易所代码:COP)今天提供了有关某些初步第三季度2020年业务和财务更新的信息。最终第三季度结果将于10月29日报告。

本公司还宣布,在现有授权下,它旨在恢复2020年第四季度的10亿美元的股票回购。回购将由资产负债表上的可用现金资助。管理层保留了确定股票回购水平和步伐的自由裁量权。

该公司预计将向2020年的第三季度报告为每天1,050至1,070千桶(Mboed)。这一估计反映了第三季度削减和计划的季节性转变活动的影响。本季度的缩减约为90亿兆泊。在净缩减总,大约65莫斯·莫尔德在48岁以下,加拿大的仓库行动中15米莫尔德,剩余部分在马来西亚和挪威。根据估计的平均实际价格,缩减卷的估计现金(CFO)约为1.5亿美元。该公司于第三季度结束时,公司在48岁,阿拉斯加和加拿大完全恢复生产。季节性计划的周转活动主要影响加拿大,亚太地区和阿拉斯加。本季度,本公司还完成了此前宣布的交易,从KELT探索有限公司在加拿大收购额外的蒙特尼面积

2020年第三季度面积的初步生产估计如下所示:

3Q 2020生产中点估计
全部的
(莫博)
原油
(MBD)
NGL.
(MBD)
沥青
(MBD)
天然气
(MMCFD)
合并运营
阿拉斯加州 200. 185. 13. - 10.
L48 355. 195 65. - 570.
加拿大 65. 5. 2 50. 45.
挪威 125. 75. 5. - 270.
中国 30. 30. - - -
印度尼西亚 50. 2 - - 290.
马来西亚 45. 40 - - 30.
股权关联公司 190 15. 5. - 1,020
总排除利比亚 1,050 - 1,070 547. 90. 50. 2,235

注意:估计第3季度2020年的利比亚生产1莫斯。

鉴于持续价格波动,该公司正在为第三季度实现价格提供估计范围。2020年第三季度预计平均实际价格预计每桶32美元至每桶32美元。这些估计反映了缩减斜坡UPS的影响,以及由于时序和局部差异导致的正常定价可变性。由2020年第三季度和第三季度的面积和产品的平均平均价格的初步估计如下所示:

3Q 2020年平均实现价格中点估计
原油
($ / bbl)
NGL.
($ / bbl)
沥青
($ / bbl)
天然气
($ / mcf)
合并运营
阿拉斯加州 41. 2 - 2.40
L48 37. 14. - 1.50
加拿大 24. 5. 20. 1.00
挪威 42. 22. - 2.60
中国 41. - - -
印度尼西亚 35. - - 5.50
马来西亚 46. - - 2.50
股权关联公司 38. 30. - 2.90
全部的 39 - 40 15 - 16 19 - 22. 2.60 - 2.80

注1:利比亚被排除在实现的价格表之外,因为预计在2020年的销售额没有预期。
注2:估计的最终价格总额代表公司的加权平均价格为3季度2020。

除上述更新外,该公司还提供了以下2020年第三季度其他指导项目的以下估计数:

调整后的运营成本 $ 1,180 - 1,250万美元
DD&A. $ 1,380 - 1,450万美元
调整后的企业分部净损失 $ 210-260万
探索干孔和租赁障碍费用 30 - 5000万美元
资本支出 - 不包括收购 $ 750 - 820百万
收购资本支出 约3.85亿美元

本新闻发布中提供的所有更新和估计数由7月至8月和9月预测的实际结果计算。该公司将于10月29日宣布第三季度业务和财务业绩,并在下午12:00上举行会议电话会议。东部时间。

--- ##--

关于Conocophillips.

总部位于德克萨斯州休斯顿,康菲石油省在16个国家,630亿美元的总资产和约9,700名员工在2020年6月30日的员工中举行了行动和活动。截至6月30日止六个月的利比亚的产量均在2020年6月30日截止的六个月内,并证明储备截至2019年12月31日,均为5.3 Bboe。有关更多信息,请访问www.garage-suites.com.

联系人

John C. Roper(媒体)
281-293-1451
john.c.roper@conocophillips.com.

投资者关系
281-293-5000.
Investor.relations@conocophillips.com.

为1995年私营证券诉讼改革法案的“安全港”规定的警告声明

此新闻稿包含联邦证券法规定的前瞻性陈述。前瞻性陈述与未来的事件和预期的业务,业务战略以及我们运营或运营结果的其他方面的结果。言语和

“预测”等短语“估计”,“相信”,“预算”,“继续,”“可以”,“”打算“,”“计划”,“潜力”,“预测”,“预测”,““”应该,“”愿意,“,”“期待”,“客观,”投影“预测”,“进球,”指导,“展望”,“努力”,“努力”和其他“类似的单词可用于识别前瞻性语句。然而,没有这些话并不意味着陈述不是前瞻性的。在任何前瞻性陈述的地方,该公司对未来的结果表达了期望或信念,这种期望或信仰是诚实的,并认为在制定此类前瞻性陈述时合理。但是,这些陈述不保证未来的表现,并涉及某些风险,不确定性和其他超出我们控制的因素。因此,实际结果和结果可能与前瞻性陈述中表达或预测的实际不同。可能导致实际结果或事件与所提出的实际结果或事件不同的因素包括公共卫生危机的影响,例如流行病(包括冠状病毒(Covid-19))和流行病以及任何相关的公司或政府政策以及保护健康的行动个人或政府政策或行动的安全,以维持国家或全球经济和市场的运作;影响石油和天然气的需求,供应,价格,差异或其他市场条件的全球和区域变化以及由此产生的公司行动,包括征收或提取原油生产配额或可能的其他行动所产生的变更由石油出口国和其他生产国组织施加; changes in commodity prices; changes in expected levels of oil and gas reserves or production; operating hazards, drilling risks, unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining, or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete our announced dispositions or acquisitions on the timeline currently anticipated, if at all; the possibility that regulatory approvals for our announced dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of our announced dispositions, acquisitions or our remaining business; business disruptions during or following our announced dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced dispositions in the manner and timeframe we currently anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation; the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. All estimates of third quarter 2020 financial and operational results are forward-looking statements based on actual results for July and August and forecasts for September. In addition to the foregoing, actual results for the period may vary from the estimates provided as a result of additional information collected subsequent to this release. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

向美国投资者提出警示- SEC允许石油和天然气公司在其与SEC的申请中,仅披露,仅透露,可能和可能的储备。我们可以在本新闻发布中使用“资源”一词,即SEC的指导方针禁止我们在审议中纳入审案。敦促美国投资者在我们的形式10-k和其他报告和申请中仔细考虑石油和天然气披露。副本可以从秒和康菲石油公司网站提供。

使用非GAAP财务信息-To supplement the presentation of the company’s preliminary third quarter 2020 operational and financial update this news release contains certain financial measures that are not prepared in accordance with GAAP, including cash from operations (CFO), adjusted operating costs, adjusted corporate segment net loss and adjusted dry hole and leasehold impairment expense. CFO is defined as cash provided by operating activities, minus the impact of operating working capital. For the purpose of estimating forgone CFO of curtailed volumes, the company used estimated average realized price for the third quarter, variable lifting and T&T, and production tax for each of the business units that was impacted. Financial impacts were assumed at the business unit statutory tax rates and operating working capital was assumed to be $0.0MM.经营成本由公司定义为生产和运营费用,销售,一般和行政费用,勘探一般和行政费用,地质和地球物理,租赁租赁等勘探开支。调整后的运营成本被定义为公司的运营成本进一步调整,以排除与公司核心业务运营没有直接相关的费用,并作为调整在调整到调整后的收益,以调整造成影响运营成本。调整后的企业分部净损失定义为企业和对特殊物品调整的其他分部收益。调整后的干孔和租赁障碍代表了干孔成本和租赁障碍费用,不包括特殊物品。

该公司认为,非GAAP措施CFO对投资者有用,以帮助了解经营活动提供的现金变化,除了在一致的基础上以及同行企业的履行情况下与经营营运资金发生变化相关的时间效应。此外,该公司认为估算缩减卷的不错的CFO对投资者有助于了解本公司志愿缩减的经济分析。The company further believes adjusted operating costs is useful to investors to help facilitate comparisons of the company’s controllable cost performance associated with the company’s core business operations across periods on a consistent basis and with the performance and cost structures of peer companies in a manner that, when viewed in combination with the company’s results prepared in accordance with GAAP, provides a more complete understanding of the factors and trends affecting the company’s business and performance. The company believes that the non-GAAP measure adjusted operating costs provides a more indicative measure of the company’s underlying, controllable costs of operations by excluding other items that do not directly relate to the company’s core business operations. The company further believes that the non-GAAP measure adjusted corporate segment net loss is usefulto investors to help facilitate comparisons of the company’s operating performance associated with the company’s core business operations across periods on a consistent basis and with the performance and cost structures of peer companies in a manner that, when viewed in combination with the company’s results prepared in accordance with GAAP, provides a more complete understanding of the factors and trends affecting the company’s business and performance. The company further believes that the non-GAAP measure adjusted dry hole and leasehold impairment expense is useful to investors to help facilitate公司与本公司核心业务运营的绩效与同行企业的核心业务运营相关联,以与公司成果相结合的方式,同行公司的性能和成本结构根据GAAP编写,为影响公司业务和表现的因素和趋势提供更完全的理解。

本新闻稿中包含的每个非GAAP措施都具有局限性作为分析工具,不应孤立或作为根据GAAP计算的公司结果的替代品。此外,由于并非所有公司都使用相同的计算,本公司在本新闻发布中介绍了非GAAP措施,可能与其他公司披露的类似措施相当,包括在内的公司在内的公司。该公司还可能会在鉴于现有操作的情况下不时更改本新闻中包含的任何非GAAP措施的计算,以包括可能影响其运营的其他调整。削减卷的估计原谅CFO反映了管理层使用各种假设的最佳估计,并基于可用的财务信息;然而,缩减体积的CFO中的实际值未知,并且可能与本文所呈现的估计值具有不同的实际值。

本新闻发布的每个非GAAP措施的对账将根据GAAP计算的最直接的可比财务措施包括在释放中。

新闻稿 -  09/30/2020表1

新闻稿 -  09/30/2020表2

新闻稿 -  09/30/2020表3