“Significantly lower” worldwide refining margins and poorer-than-expected results in midstream and chemicals operations will push ConocoPhillips’ earnings lower in 4Q2006, the producer warned last week. ConocoPhillips also blamed a combination of “declining well performance and drilling results” in Canadian Rockies Foothills’ natural gas exploration and development activities, which will result in a $90 million after-tax quarterly charge.
Poorer
Articles from Poorer
ConocoPhillips 4Q Oil, Gas Output Below Forecast
ConocoPhillips warned Thursday that “significantly lower” worldwide refining margins and poorer-than-expected results in its midstream and chemicals operations will push earnings lower in 4Q2006. The producer also blamed a combination of “declining well performance and drilling results” in Canadian Rockies Foothills’ natural gas exploration and development activities, which will result in a $90 million after-tax quarterly charge.
January 5, 2007
Kinder: FERC Settlement Won’t Break the Bank
Although it’ll be poorer by a couple of million dollars, KinderMorgan Inc. says it’s glad to have finally reached a settlementwith FERC resolving many of the marketing-affiliate issues thathave dogged its pipeline companies for years.
March 31, 2000
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