Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

ConocoPhillips Forecasts as Much as 5% Output Growth in 2014

ConocoPhillips, the largest U.S. independent oil and natural gas producer, forecast output will rise as much as 5 percent this year, led by domestic production.

Output will rise to 1.53 million barrels of oil equivalent a day this quarter, excluding Libya, the Houston-based company said today in a statement.

Fourth-quarter adjusted profit exceeded the average of 17 analysts’ estimates compiled by Bloomberg. Net income of $2.5 billion, or $2 a share, was up from $1.4 billion, or $1.16, a year earlier.

ConocoPhillips has been selling and spinning off assets to focus on oil and gas production. It reaped $7 billion from asset sales in the fourth quarter, including its Algerian business and stake in the Kashagan project in Kazakhstan.

The shares fell 0.1 percent to $65.75 at the close in New York. The stock is down 6.9 percent this year.

Download: Earnings

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.