BRIEF-ConocoPhillips reports Q1 loss per share $1.18

Published 2016-04-28, 07:22 a/m
© Reuters.  BRIEF-ConocoPhillips reports Q1 loss per share $1.18
COP
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April 28 (Reuters) - ConocoPhillips (NYSE:COP) COP.N :
* Reports first-quarter 2016 results; announces revised 2016 capital
expenditures guidance
* Q1 loss per share $1.18
* Q1 earnings per share view $-1.05 -- Thomson Reuters I/B/E/S
* Says announces revised 2016 capital expenditures guidance
* Expects to meet its previously stated full-year 2016 production guidance of
approximately 1,525 mboed
* Q2 2016 production guidance is 1,500 to 1,540 mboed, which reflects
significant planned turnaround activity during the quarter
* Production for Q1 of 2016 was 1,578 thousand barrels of oil equivalent per
day (mboed), a decrease of 32 mboed
* Says other guidance items remain unchanged, with 2016 operating costs of $7.0
billion
* Loaded 11 cargoes from aplng train 1 in Australia; on track for first cargo
from train 2 in the fourth quarter of 2016
* Raised $4.6 billion of low-cost debt and ended the quarter with $5.2 billion
of cash and short-term investments
* Special items for current quarter were related to non-cash impairments in
Gulf of Mexico and United Kingdom, pension settlement expense
* Q1 total revenue and other income $5.02 billion versus $8 billion last year

* Source text for Eikon ID:nBw44FTCza

* Further company coverage COP.N

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