Conoco Phillips


Exxon challenges California cities in climate claims


Exxon Mobil Corp. has asked a Texas federal judge to allow it to depose California municipal government officials who sued it and other oil companies over the threat of rising sea levels to their jurisdictions.

Market info

ConocoPhillips reports loss in second quarter earnings


Energy producer ConocoPhillips has reported a loss to its income during the second quarter of 2015. The company said its income was $179million in comparison with a profit of $2.08billion a year earlier. ConocoPhillips was the first major oil producer to announce spending cuts after prices began to fall last year.

Market info

ConocoPhillips hires Scotiabank to sell some Canadian assets


ConocoPhillips, the third-largest US energy producer, has hired the Bank of Nova Scotia to advise on the sale of about 20% of its production in Western Canada outside of the oil sands, according to the bank’s website. Details on the sale from the Houston-based company will be provided in the second quarter, according to Scotiabank. Production from the properties, located in Alberta, British Columbia and Saskatchewan, is mostly gas and amounts to the equivalent of about 35,000 barrels of oil a day, according to the website.