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MarketScreener Homepage  >  Equities  >  Nyse  >  ConocoPhillips    COP

CONOCOPHILLIPS

(COP)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 01/15 01:45:33 pm
45.88 USD   -4.16%
12:29pCONOCOPHILLIPS : Completes Concho Resources Buyout
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11:57aCONOCOPHILLIPS : Completes Acquisition of Concho Resources
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11:10aTotal Exits American Petroleum Institute Over Climate Change
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ConocoPhillips : Conservation groups sue US to halt oil project in Alaska

11/18/2020 | 01:14pm EST

ANCHORAGE, Alaska (AP) — Conservation groups are suing the Trump administration to halt the approval of a development plan for a ConocoPhillips oil project in Alaska, arguing that officials underestimated the plan's harm to local wildlife.

The groups filed a lawsuit in federal court Tuesday against the U.S. Bureau of Land Management, U.S. Fish and Wildlife Service and the Interior Department, under which the agencies fall.

Groups involved in the lawsuit include the Sovereign Inupiat for a Living Arctic, Alaska Wilderness League, Defenders of Wildlife, the Northern Alaska Environmental Center. The Wilderness Society and the Sierra Club.

They also claim the federal land bureau failed to provide a plan to mitigate harm to Arctic communities and public health, the Anchorage Daily News reported.

The oil project in the National Petroleum Reserve-Alaska involves multiple drill sites, a processing facility and gravel roads and pipelines. The Trump administration approved the plan in October.

The Bureau of Land Management said the project could produce up to 160,000 oil barrels daily, or 600 million barrels over 30 years and would help boost state revenue in Alaska.

The agency in a statement Wednesday said it stands by its environmental analysis for the development.

“Our science-based decisions are legally compliant and based on an extensive process involving input from BLM career subject matter experts and the public. The BLM continues to implement its multiple-use mission and safely and responsibly develop its natural resources,” the agency said.

ConocoPhillips has said production could start by the mid-2020s.

Natalie Lowman, a spokesperson for ConocoPhillips Alaska, told The Associated Press that the company does not comment on ongoing litigation. The conservation groups do not name ConocoPhillips as a defendant in their lawsuit.

Conservation groups said the project is a threat to the Teshekpuk Lake Special Area, a complex in the 36,000 square-mile (93,000 square-kilometer) reserve that supports birds and caribou. The groups said the oil project could negatively affect polar bears.

For copyright information, check with the distributor of this item, Anchorage Daily News., source Associated Press News

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Financials (USD)
Sales 2020 18 388 M - -
Net income 2020 -2 114 M - -
Net Debt 2020 10 073 M - -
P/E ratio 2020 -24,0x
Yield 2020 3,54%
Capitalization 51 123 M 51 123 M -
EV / Sales 2020 3,33x
EV / Sales 2021 2,66x
Nbr of Employees 9 800
Free-Float 59,5%
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ConocoPhillips Technical Analysis Chart | COP | US20825C1045 | MarketScreener
Technical analysis trends CONOCOPHILLIPS
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 23
Average target price 52,39 $
Last Close Price 47,87 $
Spread / Highest target 29,5%
Spread / Average Target 9,44%
Spread / Lowest Target -12,3%
EPS Revisions
Managers and Directors
NameTitle
Ryan M. Lance Chairman & Chief Executive Officer
Matthew J. Fox Chief Operating Officer & Executive Vice President
William L. Bullock Chief Financial Officer & Executive Vice President
Dominic E. Macklon SVP-Strategy, Exploration & Technology
Robert A. Niblock Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CONOCOPHILLIPS19.70%51 123
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CANADIAN NATURAL RESOURCES LIMITED7.91%30 838
ECOPETROL S.A.10.65%29 487
PIONEER NATURAL RESOURCES COMPANY16.24%28 662