ConocoPhillips cuts Q4 output forecast, citing weather-related downtime

|About: ConocoPhillips (COP)|By:, SA News Editor

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.