ConocoPhillips Announces Agreement to Sell Indonesia Assets for $1.355 Billion and Provides Notice that it is Exercising its Preemption Right to Purchase Up to an Additional 10% Shareholding Interest
ConocoPhillips’ full-year 2020 production from APLNG was approximately 115 MBOED, and full-year 2021 distributions are expected to be approximately $750 million, excluding distributions resulting from any additional shareholding interest arising from preemption. CAUTIONARY STATEMENT FOR THE PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995This new release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Source: Libya Today December 08, 2021 20:59 UTC
