| Still Plenty Of Interest In Offshore Oil And Gas Exploration | |
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Much of the recent news in this space centered on the U.S. Gulf of Mexico (GOM), with this go-to offshore play seeing not one, but two major companies pull back from drilling. The first was ConocoPhillips, which announced it has made a strategic decision to stop all exploration in the GOM -- cutting some $800 million in spending here. Related: Will U.S. Solar Suffer The Same Fate As Fracking? That was quickly followed by fellow major Marathon Oil announcing it will sell its interest in several Gulf of Mexico producing fields. The buyer wasn't named, but the interest is significant -- being valued at $205 million. Both of those deals are a "sign of the times" in the Gulf right now, with many U.S.-based firms pulling back from higher-risk offshore exploration, to re-focus on onshore shale plays. |
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ConocoPhillips
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CODE : COP |
ISIN : US20825C1045 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
ConocoPhillips is a producing company based in United states of america. ConocoPhillips is listed in Germany and in United States of America. Its market capitalisation is US$ 153.2 billions as of today (€ 143.1 billions). Its stock quote reached its lowest recent point on December 31, 1991 at US$ 10.94, and its highest recent level on April 25, 2024 at US$ 130.11. ConocoPhillips has 1 177 107 000 shares outstanding. |