- ConocoPhillips (COP) says its Q4 production will be lower than expected as severe weather disrupted operations in parts of the U.S. and the North Sea.
- COP forecasts Q4 output from continuing operations of 1.475M boe/day, down from its prior forecast for 1.485M-1.525M boe/day.
- COP says FY 2014 guidance remains unchanged at ~1.6M boe/day, which includes 50K boe/day from Libya's Es Sider terminal, which is still offline due to regional conflicts.
ConocoPhillips cuts Q4 output forecast, citing weather-related downtime
Jan 7 2014, 17:36 ET