ConocoPhillips backs long-term production view
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ConocoPhillips  said it still expects a long-term compounded annual production growth rate of 3 percent including oil from the partnership with EnCana Corp. , announced earlier on Thursday.
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Despite expected rapid growth in wind and solar energy, oil and gas are here to stay.
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U.S. oil giant ConocoPhillips paid nearly $2 billion for a 7.6 percent stake in Russia's Lukoil -- the world's No. 2 oil company by reserves.
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LONDON (CBS.MW) -ConocoPhillips Wednesday said it bought a 7.6 percent stake in Russian oil giant Lukoil for $2 billion and the two agreed that the US company could raise its stake to as much as 20 percent.
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The energy firm projects sturdy future EBITDA growth.
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DALLAS (CBS.MW) - ConocoPhillips&#39; deal to buy a stake in Russia&#39;s Lukoil has blockbuster potential for the US company because it opens up vast areas for exploration and development previously off-limits to Western firms, analysts said Wednesday.
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MOSCOW Houston-based ConocoPhillips is seen as the front-runner in an auction for a stake in the Russian oil company Lukoil. A seven-point-six percent stake in the world&#39;s Number Two oil company by reserves
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ConocoPhillips said it probably will add the equivalent of 800 million barrels of oil to its proved reserves after its $1.99 billion investment in OAO Lukoil, Russia&#39;s biggest oil company, and a planned increase in the stake.
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Despite a slip in production, ConocoPhillips checks in with (mostly) good news.
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MOSCOW: Us oil major ConocoPhillips is seeking to buy up to 25% in Russian oil giant Lukoil to add billions of barrels of reserves to its books, an industry source familiar with the matter said on Friday.
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MOSCOW: Oil giant ConocoPhillips looked close to taking a $US2 billion ($NZ3.11b) stake in Russian major Lukoil on Thursday after Russian officials confirmed the US firm&#39;s interest in the auction of a 7.6 per cent stake.
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US oil giant ConocoPhillips has announced a $US2.4billion ($3.3billion) strategic alliance with Russia&#39;s largest oil company, Lukoil, under which Conoco will buy a 7.6per cent stake in the Russian company and get a share of joint projects.
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This oil company has the chops to make a good investment.
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Alan Greenspan, the chairman of the Federal Reserve, said on Friday that the long-term outlook for global oil supplies is reassuring even though anxiety about dwindling
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ConocoPhillips said on Tuesday it expected that third-quarter oil and gas production fell about 5 percent from the second quarter, due in large part to problems at its Prudhoe Bay field in Alaska.
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A Chevron Corp.-led CVX.N group said   on Tuesday it successfully drilled a widely watched exploration   well in the U.S. Gulf of Mexico, sparking hopes it could be   among the biggest U.S. oil discoveries recently.
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Houston-based oil company ConocoPhillips and Russia&#39;s largest oil producer, Lukoil, jointly announced Wednesday in Moscow that ConocoPhillips will become a strategic equity investor in Lukoil.