康菲石油公司公布2020年第三季度业绩和运营业绩

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休斯顿- Conocophillips(纽约证券交易所)(纽约证券交易所)今天报告了第三季度2020亏损,每股亏损0.5亿美元,或每股0.42美元),而2019年第三季度为31亿美元,或每股2.74美元。第三季度2020年第三季度的特殊物品,调整后的收益的损失是每股0.3亿美元,或(0.31美元),而2019年第三季度调整后的收益为9亿美元,或每股0.82美元。目前季度的特殊物品主要是由于Cenovus能源公平的未实现损失,部分抵消了申请索赔和定居点的有利结果。

第三季度亮点和最近的公告

  • 在第三季度制作了1,066莫斯,不包括利比亚;约为90摩尔。
  • 分发了30亿美元的股息,并宣布增加季度股息。
  • 本季度以现金,现金等价物及限制现金纳入,总额为28亿美元,短期投资40亿美元,达到最终现金和短期投资的68亿美元。
  • 作为对ESG卓越的承诺的一部分,宣布采用巴黎对齐的气候风险框架,实现2050年的净零运营排放。
  • 在加拿大富含富含液体的Montney的邻近面积的螺栓上完成了螺栓的收购,以0.4亿美元增加了1亿美元的高价值资源。
  • 宣布协议在全体股份交易中获得Concho资源,为每股Concho资源的综合股票股票。

“众所周知,这一年一直在历史上为我们的行业不稳定,”董事长和首席执行官Ryan Lance说。“Conocophillips回应了几种谨慎的行动,包括经济驱动的削减,同时继续非常良好地运营基础业务。在第三季度,我们结束了缩减计划,并成功完成了我们的季节性转变。由于我们的强大资产负债表和卓越的劳动力,我们仍然非常好地。现在我们回到了更多的正常业务,我们专注于继续强大执行我们的计划,并通过Concho Resources进展我们宣布的交易。“

Lance continued, “The combination with Concho will make us a stronger company by enhancing the quality, scale and stakeholder appeal of ConocoPhillips’ successful value proposition, which is based on balance sheet strength, disciplined low cost of supply investments, free cash flow generation, and superior returns of and on capital – all with a visible commitment to ESG excellence. This is the winning formula for our sector and we’ll be uniquely positioned to deliver on it through the cycles of our business.”

第三季度审查

除利比亚外,2020年第三季度的产量为106.6万桶石油当量/天(MBOED)。在调整了约90万桶油当量的削减和已完成的收购和处置后,2020年第三季度的产量将为1155万桶油当量,比去年同期减少了46万桶油当量,即4%。这主要是由于正常的油田产量下降,部分被三巨头的增长抵消了。由于本季度仍存在不可抗力,利比亚的产量为1 MBOED。该项目在加拿大、阿拉斯加和马来西亚完成。

在48岁以下,大3的产量平均为309摩尔,包括鹰福特167摩尔,巴克达到75米摩尔,二叠纪非传统的67摩尔。降低48个生产包括约65摩尔,主要在Eagle Ford和Bakken。在加拿大的海关运营,该公司提前约15摩尔和恢复的生产。在Montney,第一个开发阶段继续启动第二个垫。此外,钻井和完工业务计划按计划进行,第三垫轨道在2021年第一季度上线。在挪威,在2020年第四季度的第一石油持续前进。

由于2019年英国资产剥离没有带来收益,以及实现价格和产量下降,利润较2019年第三季度有所下降。除特殊项目外,由于实现价格和销量下降,调整后的利润较2019年第三季度有所下降,部分被与销量下降相关的运营成本下降抵消。该公司的总平均实现价格为30.94美元/桶油当量(BOE),比2019年第三季度的47.07美元/桶油当量低34%,反映了较低的市场价格。

本季度,经营活动提供的现金为8.7亿美元。不包括660亿美元的经营营运资金变化,康菲石油公司以123亿美元的运营产生现金(CFO)。该公司资助了11亿美元的资本支出和投资,包括蒙特尼的螺栓收购价值0.4亿美元,并支付了5亿美元的股息。本季度,该公司发起了一项共计30亿美元的商业造纸计划。

9个月的审查

康菲石油公司2020年9个月盈利亏损19亿美元,或每股亏损1.79美元,而2019年9个月盈利为65亿美元,或每股亏损5.72美元。2020年9个月调整后的利润为8亿美元,或每股亏损0.78美元,而2019年9个月调整后的利润为32亿美元,或每股亏损2.83美元。

除利比亚外,2020年前9个月的产量为1108万桶石油当量。在调整了大约105万桶石油当量和已完成的收购和处置后,头9个月的产量将为1186万桶石油当量,比去年同期增加了6万桶石油当量。这种增长主要是由于三巨头和其他开发项目的增长,而正常的油田产量下降抵消了这种增长。2020年前9个月,利比亚的平均产量为4百万桶石油当量。

该公司在此期间的总实现价格为31.76美元,而2019年的前九个月,每股龙头49.35美元。这36%的减少反映了较低的标志价格。

2020年前9个月,经营活动提供的现金为31亿美元。除去运营运营资本4亿美元的变动,康菲CFO的收入为35亿美元。该公司还获得了13亿美元的处置收益。此外,该公司投资了37亿美元的资本支出和投资,支付了14亿美元的股息,回购了7亿美元的股票。资本支出和投资包括约5亿美元的之前宣布和完成的收购。

外表

预计2020年第四季度产量为1125 - 1165万桶石油当量,从而使2020年全年产量指导为1115 - 1125万桶石油当量。该指南不包括利比亚。

2020年的运营计划资本预计为43亿美元。这一指南不包括今年完成的机会主义收购约量为5亿美元。

在最近宣布收购Concho资源之后,该公司正上一季度截至2021年第一季度的截止日期。

Conocophillips今天将在下午12:00举办一次电话会议。东部时间讨论此公告。要收听呼叫和查看相关的演示文稿材料和补充信息,请转至www.garage-suites.com/investor.

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关于康菲石油公司

总部位于德克萨斯州休斯敦,康诺菲石油省在15个国家的运营和活动,20世纪60年,2020年9月30日的总资产,约9,800名员工。截至2020年9月30日,利比亚的产量平均为1,108米莫斯,据证明的储备为2019年12月31日的5.3 Bboe。有关更多信息,请转到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

此通信涉及康菲石油公司和Concho资源之间提出的业务组合事务。Forward-looking statements relate to future events and anticipated results of operations, business strategies, the anticipated benefits of the proposed transaction, the anticipated impact of the proposed transaction on the combined company’s business and future financial and operating results, the expected amount and timing of synergies from the proposed transaction, and the anticipated closing date for the proposed transaction and other aspects of our operations or operating results. Words and phrases such as "anticipate," "estimate," "believe," "budget," "continue," "could," "intend," "may," "plan," "potential," "predict," "seek," "should," "will," "would," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties, and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results or events to differ materially from those described in these forward-looking statements: the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas and the resulting actions in response to such changes, including changes resulting from the imposition or lifting of crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; 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 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 ConocoPhillips’ business; ConocoPhillips’ ability to collect payments when due under ConocoPhillips’ settlement agreement with PDVSA; ConocoPhillips’ ability to collect payments from the government of Venezuela as ordered by the ICSID; ConocoPhillips’ ability to liquidate the common stock issued to ConocoPhillips by Cenovus Energy Inc. at prices ConocoPhillips deems acceptable, or at all; ConocoPhillips’ ability to complete ConocoPhillips’ other announced dispositions or acquisitions on the timeline currently anticipated, if at all; the possibility that regulatory approvals for ConocoPhillips’ other 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 such announced dispositions, acquisitions or ConocoPhillips’ remaining business; business disruptions during or following ConocoPhillips’ other announced dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from such dispositions in the manner and timeframe ConocoPhillips currently anticipates, if at all; potential liability for remedial actions under existing or future environmental regulations and adverse results in litigation matters, including the potential for litigation related to the proposed transaction; 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 the combined company’s business; disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; ConocoPhillips’ ability to successfully integrate Concho’s businesses and technologies; the risk that the expected benefits and synergies of the proposed transaction may not be fully achieved in a timely manner, or at all; the risk that ConocoPhillips or Concho Resources will be unable to retain and hire key personnel; the risk associated with ConocoPhillips’ and Concho’s ability to obtain the approvals of their respective stockholders required to consummate the proposed transaction and the timing of the closing of the proposed transaction, including the risk that the conditions to the transaction are not satisfied on a timely basis or at all or the failure of the transaction to close for any other reason or to close on the anticipated terms, including the anticipated tax treatment; the risk that any regulatory approval, consent or authorization that may be required for the proposed transaction is not obtained or is obtained subject to conditions that are not anticipated; unanticipated difficulties or expenditures relating to the transaction, the response of business partners and retention as a result of the announcement and pendency of the transaction; uncertainty as to the long-term value of ConocoPhillips’ common stock; and the diversion of management time on transaction-related matters. These risks, as well as other risks related to the proposed transaction, will be included in the registration statement on Form S-4 and joint proxy statement/prospectus that will be filed with the SEC in connection with the proposed transaction. While the list of factors presented here is, and the list of factors to be presented in the registration statement on Form S-4 are, considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. For additional information about other factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to ConocoPhillips’ and Concho’s respective periodic reports and other filings with the SEC, including the risk factors contained in ConocoPhillips’ and Concho’s most recent Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Forward-looking statements represent management’s current expectations and are inherently uncertain and are made only as of the date hereof. Except as required by law, neither ConocoPhillips nor Concho Resources undertakes or assumes any obligation to update any forward-looking statements, whether as a result of new information or to reflect subsequent events or circumstances or otherwise.

没有要约或恳求沟通——这并不打算,不得构成购买或出售要约或要约购买或出售任何的征集证券,或要求任何投票或批准,不得有任何出售证券的任何管辖权的报价,根据任何此类司法管辖区的证券法,在注册或取得资格之前,募集或销售将是非法的。不得进行证券发行,除非通过符合经修订的《1933年美国证券法》第10节要求的招股说明书进行。

有关合并的其他信息以及在哪里找到它- 与拟议的交易有关,Conocophillips打算提交关于表格S-4的注册陈述,其中包括Conocophillips和Concho资源的联合代理陈述,也构成了康诺菲利普斯的招股章程。每个Conocophillips和Concho资源也可以通过关于拟议交易的SEC提交其他相关文件。本文档不是联合代理声明/招股说明书或注册声明或任何其他文件的替代品,或者康诺菲利普斯或Concho资源可以提交秒。最终的联合代理声明/招股说明书(如果和何时可用)将邮寄给康诺菲斯和科学资源的股东。敦促投资者和安全持有人阅读注册声明,联合代理声明/招股说明书和任何其他可以用SEC提交的任何其他相关文件,以及这些文件的任何修正案或补充,仔细及其全部内容可用,因为它们包含或将包含有关拟议交易的重要信息。投资者和安全持有人将能够获取登记声明和联合代理声明/招股说明书/招股说明书(如果和何时可用)和其他文件,其中包含有关康诺菲斯,科学资源资源和拟议交易的重要信息,一旦提交了此类文件通过由SEC维护的网站http://www.sec.gov.。Conocophillips网站将免费提供与康诺菲省委员会提交的文件的副本//www.garage-suites.com.或通过电子邮件联系Conocophillips投资者关系部门Investor.relations@conocophillips.com.或通过电话在281-293-5000。通过Concho资源提交的文件的文件副本将在Concho的网站上免费提供https://ir.concho.com/investors/

征集参与者- ConocoPhillips、Concho Resources及其各自的某些董事和高管可被视为拟议交易的代理委托书征集的参与者。康菲石油公司的董事和高管的信息,包括他们的直接或间接利益的描述,提出通过安全持有或否则,康菲石油公司的代理为其2020年年度股东大会声明,向美国证券交易委员会在3月30日,2020年,康菲石油公司于2020年2月18日向美国证券交易委员会提交了截至2019年12月31日财年的10-K年度报告,康菲石油公司于2020年5月20日和2020年9月8日分别向美国证券交易委员会提交了8- k年度报告。关于Concho Resources的董事和高管的信息,包括对其直接或间接权益的描述,包括证券持股或其他形式的权益,已在Concho 2020年股东年会的委托书中列出,该委托书已于2020年3月16日提交给美国证券交易委员会。以及Concho于2020年2月19日向SEC提交的截止2019年12月31日的10-K年度报告。其他信息有关代理请求的参与者和他们的直接和间接利益的描述,通过安全持有或否则,将包含在联合签署的委托书/招股说明书及其他相关材料向证券交易委员会提交关于拟议的交易当这样的材料可用。投资者在作出投票或投资决定前,应仔细阅读联合委托书/招股说明书。您可以使用上述资源从康菲公司或康乔资源公司获得这些文件的免费副本。

向美国投资者提出警示-SEC允许石油和天然气公司与SEC的申请,仅透露证明,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-为补充公司按照美国公认会计准则(GAAP)编制的财务业绩,本新闻稿和所附的补充财务信息包含不按照公认会计准则编制的某些财务措施。包括调整后的收益(综合计算和分部计算),调整后的每股收益和营运现金(CFO)。

公司认为,非一般公认会计准则的措施调整收益(一个聚合和每股基础)是有用的投资者,以帮助促进比较公司的经营业绩与公司核心业务相关业务在时间上一致的基础和同行的性能和成本结构公司通过排除与公司核心业务运营没有直接关系的项目。公司进一步认为,非公认会计准则衡量CFO有助于投资者理解经营活动提供的现金变化,不包括在一致的基础上跨时期的经营营运资本变化以及与同行公司业绩相关的时间效应。公司认为,上述非公认会计准则的措施,结合公司按照公认会计准则编制的业绩,提供了对影响公司业务和业绩的因素和趋势的更全面的了解。公司董事会和管理层在监督和管理公司业务时,也使用这些非公认会计准则的措施来分析公司跨时期的经营业绩。

本新闻稿中包含的每个非GAAP措施以及随附的补充金融信息具有局限性作为分析工具,不应孤立或作为根据GAAP计算计算结果的替代品。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,以及随附的补充财务信息可能与其他公司在其中包括我们行业的公司披露的类似标题措施不可媲美。该公司还可以根据现有的运营不时更改本新闻发布和随附的补充财务信息中包含的任何非GAAP措施的计算,以包括可能影响其运营的其他调整。

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。

其他条款-此新闻稿还包含基础生产术语。底层产量不包括利比亚,并反映出闭幕收购的影响,因为截至2019年1月1日的假定日期,截止日期和封闭处置。该公司认为,基础产量有助于投资者比较不包括利比亚在内的产量,反映已完成的收购和处置对不同时期和同行公司的影响。

发布到盈利的参考资料是指占康诺菲利普斯的净收入/(亏损)。

3Q20表1(点击放大版)
3 q20表2

3 q20表3