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Price Description of Assets Ref(s). 1 May 2004: Acquisition Evergreen Resources Inc. $2.1 billion in cash and stock Natural gas assets in Colorado [10] 2 April 2012: Acquisition Carmeuse Industrial Sands $297 million Producer of Hickory frac sand [9] 3 May 2013: Divestiture Sinochem Group: $1.7 billion
Even without factoring in the VROC, ConocoPhillips would yield 2.7% based on its current stock price of around $114 per share and $3.12 per share in annual ordinary dividends.
"Petrocurrency" or (more commonly) "petrodollars" are popular shorthand for revenues from petroleum exports, mainly from the OPEC members plus Russia and Norway.Especially during periods of historically expensive oil, the associated financial flows can reach a scale of hundreds of billions of US dollar-equivalents per year – including a wide range of transactions in a variety of currencies ...
As of December 31, 2020, the company had 3.219 billion barrels of oil equivalent (1.969 × 10 10 GJ) of estimated proved reserves, of which 98% was in the United States, 2% was in Trinidad and Tobago, and a negligible amount was in Canada and China. The reserves were 51% petroleum, 22% natural gas liquids, and 27% natural gas. [1]
BG Group's main business was the exploration and extraction of natural gas and oil and the production of liquefied natural gas. It sold these products to wholesale customers such as retail gas suppliers and electricity generating companies. It also owned some gas pipelines and was involved in some power generation projects.
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As of Oct. 23, the stock was up over 50% in the past year compared to a 34.3% increase in the price of gold. Newmont had a huge surge in October before the recent sell-off.
In 1987, defending against a $6.3 billion bid by T. Boone Pickens, the company paid a US$33 per share special dividend to all shareholders, US$2.2 billion in cash, of which US$1.75 billion was borrowed. To reduce this debt the company undertook a divestment program involving all of its copper, oil, gas, and coal interests. [11]