There was a thread about this a little while ago, however reading the article it appears they want to invest more into O&G exploration
"ConocoPhillips is scheduled to report first-quarter earnings tomorrow. The company wants oil and gas exploration and production, or upstream, to represent as much as 85 percent of its portfolio, up from about 70 percent currently, Chief Executive Officer Jim Mulva said in a March 24 presentation."
Dont think KAR has anything to worry about, otherwise they wouldnt have kicked $100m into the "Giant"
Scotty
conoco - pulling out of major gas projects, page-3
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Last
$1.55 |
Change
0.015(0.98%) |
Mkt cap ! $1.203B | |||
| Open | High | Low | Value | Volume |
| $1.54 | $1.55 | $1.52 | $20.68M | 13.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3800 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.55 | 30339 | 3 |
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| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| KAR (ASX) Chart |