Conocophillips Market更新重申对纪律处分的承诺,以投票为重要的策略2022-2031计划

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公司提供Concho交易更新;增加2021份股份回购10亿美元;减少2021资本并调整运营成本指导

休斯顿- Conocophillips(纽约证券交易所致辞)今天将举办市场更新,以重申其对2016年推出的纪律处分,以归属于纪律的努力策略的承诺。本公司将概述一个反映众多转型活动的营运和财务计划的详细信息在过去的18个月内进行,最值得注意的是收购科技。

“我们期待提供当今的市场更新,这是我们部门的定义时刻,”董事长和首席执行官Ryan Lance说。“我们相信我们正在为业务进入建设性环境,但我们也认识到我们在不断发展的能源转型期间。Conocophillips在这一刻与非常令人信服的计划会面,这是有弹性和耐用的,也是灵活的。我们可以随着未来发挥作用,所有这些都集中在通过周期通过周期向股东提供卓越的回报。我们不相信E&P部门的任何其他公司都为这一重要业务提供了更具可投资的计划。“

今天的市场更新包括以下亮点:

  • 将Concho交易相关的预期协同效应和每年节省10亿美元;
  • 由于业务执行更强,减少2021个资本支出,并调整运营成本指导,分别为2亿美元和1亿美元;
  • 增加2021美元的计划股份回购10亿美元,将年度全部计划分配到约60亿美元,或目前市场资本化的7%;
  • 预期现金从运营〜1450亿美元,自由现金流量〜7000亿美元以上的10年期间,每桶WTI每桶50美元,基于2020年的实际价格,每年升级为2%;
  • 资本支出预计每年平均约70亿美元,导致年产量增长约3%,平均再投资率〜50%;
  • 计划期间估计超过650亿美元的股东股东回报,从运营中完全资助现金;
  • 聘请资本员工每年预计将增长1至2个百分点,余额表实力在整个计划期间进一步改善;和
  • 2050年,公司雄心壮志成为运营(范围1和2)排放的净零的雄心。

Lance继续,“我们为我们称之为三重授权的企业带来了一个新的迫使。我们希望在任何途径中发挥重要作用,通过投资提供最低的供应桶的成本,提供资金和资本的竞争回报,以及实现我们的净零排放野心。自2016年以来,我们一直在持续的道路上成为业务中最相关的,可持续的E&P公司。今天的强有力的10年计划在这方面迈出了另一步。“

Conocophillips市场更新将于上午9:00开始。中央时间,预计在持续时间内大约两个小时,包括一个问题和答案会话。Conocophillips投资者关系网站上有一个直播网络广播和滑块的链接,www.felipeseade.com/investor.,在网络广播开始前15分钟。此次活动也将被存档和可用于在当天晚些时候重播,并在后面不久发布一位成绩单。

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关于Conocophillips.

总部设在德克萨斯州休斯顿,康诺菲斯在15个国家的运营和活动,总资产840亿美元,约3月31日的员工约为10,300名员工。除了截至3月31日,2021年3月31日的三个月内,利比亚的产量将平均为1,488毫巴,并批准储备截至12月31日,截至12月31日,截至12月31日。更多信息,转到www.felipeseade.com.

联系人

Dennis Nuss(媒体)
281-293-1149
dennis.nuss@conocophillips.com

投资者关系
281-293-5000.
Investor.relations@conocophillips.com.

为1995年私营证券诉讼改革法案的“安全港”规定的警告声明

此新闻稿包含联邦证券法规定的前瞻性陈述。前瞻性陈述与未来的事件,计划和预期的业务,业务战略以及我们运营或运营结果的其他方面的结果。投入到未来日期的图形构成前瞻性陈述。另外,诸如“预测”的词语和短语,“估计”,“相信”,“预算”,“继续”,“可以”,“”打算“,”愿,“”计划“,”潜在“,”预测,““”寻求“,”应该,“”愿意,“”愿“,”“客观”,“投影,”预测,“”进球“,”指导“,”努力“,”努力“”努力“”努力“”努力“”目标“和其他类似的单词可用于识别前瞻性陈述。然而,没有这些话并不意味着陈述不是前瞻性的。Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is believed to be reasonable at the time such forward-looking statement is made based on management’s good faith plans and objectives under the following assumptions: the phased conversion of acquired volumes from 2-stream to 3-stream accounting beginning in 2022; exclusion of Libya and the Willow project in Alaska in production and capital forecasts, as well as associated metrics; inclusion of resources associated with Libya and the Willow project in total resources; an oil price of $50/BBL West Texas Intermediate in 2020 dollars, escalating at two percent annually; an oil price of $55/BBL Brent in 2020 dollars, escalating at two percent annually; a gas price of approximately $3/MMBTU Henry Hub in 2020 dollars increasing in real terms towards a price of approximately $3.25 by 2031, escalating at two percent annually; cost and capital escalation in line with price escalation; and inclusion of carbon tax in the cash flow forecasts for assets where a tax is currently assessed. If no carbon tax exists for the asset, it is not included in the cash flow forecasts. These statements are not guarantees of future performance and involve certain risks and uncertainties and are subject to change as management is continually assessing factors beyond our control that may or may not be currently known. Given the foregoing and the extended time horizon of this presentation, actual outcomes and results will likely differ from what is expressed or forecast in the forward-looking statements, and such differences may be material. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete our announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for our announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions during or following our announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related to our transaction with Concho Resources Inc. (Concho); the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the operations of Concho with our operations and achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Concho transaction; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. We assume no duty to update these statements as of any future date and neither future distribution of this material nor the continued availability of this material in archive form on our website should be deemed to constitute an update or re-affirmation of these figures as of any future date. Any future update of these figures will be provided only through a public disclosure indicating that fact.

向美国投资者提出警示- SEC允许石油和天然气公司在其与SEC的申请中,仅披露,仅透露,可能和可能的储备。我们可以在本新闻发布中使用“资源”一词,即SEC的指导方针禁止我们在审议中纳入审案。敦促美国投资者在我们的形式10-k和其他报告和申请中仔细考虑石油和天然气披露。副本可以从秒和康菲石油公司网站提供。

使用非GAAP财务信息- - - - - -本新闻稿包含了一定的财务措施,不按照GAAP准备,包括运营成本,调整运营成本,从运营现金,自由现金流量和所雇用的资本回报(ROCE)。

The company believes that the non-GAAP measures operating costs and adjusted operating costs are useful to investors to help facilitate comparisons of the company’s operating performance associated with the company’s core business operations across periods on a consistent basis and with the performance and cost structures of peer companies by excluding items that do not directly relate to the company’s core business operations. Operating costs is defined by the company as the sum of production and operating expenses, selling, general and administrative expenses, exploration general and administrative expenses, geological and geophysical, lease rentals and other exploration expenses. Adjusted operating costs is defined as the company’s operating costs further adjusted to exclude expenses that do not directly relate to the company’s core business operations and are included as adjustments to arrive at adjusted earnings to the extent those adjustments impact operating costs. The company further believes that the non-GAAP measure cash from operations is useful to investors to help understand changes in cash provided by operating activities excluding the timing effects associated with operating working capital changes across periods on a consistent basis and with the performance of peer companies.该公司认为自由现金流对投资者对认识到运营现有现金的利用是如何利用的,以便维持我们当前的资本计划和未来发展增长。自由现金流定义为资本支出和投资的运营网的现金。自由现金流不是可酌情支出可用的现金,因为公司拥有一定的非自由裁量义务,例如未从措施中扣除的债务服务。该公司认为,ROCE是长期公司和管理绩效的良好指标。ROCE是衡量其业务股份资本的盈利能力。Conocophillips将Roce计算为比例,其中分子在历史上报告或预测净收入加上税后利息费用,其分母平均总债务加上总债务。本公司认为,上述非GAAP措施,当与本公司按照GAAP编制的成果组合观看,为影响公司业务和表现的趋势提供更完全的理解。该公司董事会董事会还使用这些非GAAP措施,分析了在监督和管理公司业务时跨越期间的经营业绩。

本新闻稿中包含的每个非GAAP措施都具有局限性作为分析工具,不应孤立或作为根据GAAP计算的公司结果的替代品。此外,由于并非所有公司都使用相同的计算,本公司在本新闻发布中介绍了非GAAP措施,以及随附的补充财务信息可能与其他公司在其中包括我们行业的公司披露的类似标题措施不可媲美。该公司还可以根据现有的运营不时更改本新闻发布和随附的补充财务信息中包含的任何非GAAP措施的计算,以包括可能影响其运营的其他调整。

与本文包含的当前期间相关的任何非GAAP措施将伴随着对该新闻发布结束时最接近的相应GAAP措施的和解。对于前瞻性的非GAAP措施,我们无法对最可比的GAAP财务措施提供和解,因为协调这些措施所需的信息取决于未来的事件,其中许多是如上所述的管理控制。此外,估计此类GAAP措施并提供与未来期间的会计政策一致的有意义的和解是极其困难的,并且需要对这些未来时期无法使用的精度水平,并且无法在没有不合理的努力的情况下实现。前瞻性的非GAAP措施与相关定义和假设一致。

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