據天然氣新聞2021年6月30日報道,在完成對二疊紀盆地運營商康丘資源公司的收購近6個月以后,美國第3大石油公司大陸菲利普斯公司(康菲公司)于6月30日制定了一個雄心勃勃的10年運營計劃,目標是每年增加3%的石油產量,并在平均盈虧平衡成本略低于30美元/桶的情況下向股東提供優厚的回報。
康菲公司計劃通過每年約70億美元的資本支出來實現這一目標,超過其2021年的資本支出計劃。由于運營效率高于預期,該公司還在6月30日把資本支出減少了2億美元,至53億美元。
康菲石油公司首席執行官瑞安·蘭斯在公司年度市場更新情況介紹中表示,像大多數行業一樣,康菲公司關注的不是產量增長,而是回報。
蘭斯表示,產量的年增長率在今年第一季度接近150萬桶油當量/天,到2031年應該達到200萬桶油當量/天,這是一系列重要財務指標的綜合結果。
他表示:“這不僅關乎我們如何在資產層面配置資本,還關乎向股東返還(現金)和提高我們獲得的資本回報率。”“我們會平衡所有這些東西。”
此外,繼康菲公司在今年1月97億美元收購康丘資源公司以后,這筆交易預計將節省成本并產生10億美元/年的協同效應——是去年年底宣布交易時的目標金額的兩倍,蘭斯如是說。
與此同時,康菲公司增加了今年向股東返還資本的計劃,增加了10億美元的股票回購,總額約為60億美元,約占其當前市值的8%。
李峻 編譯自 天然氣新聞
原文如下:
ConocoPhillips reduces 2021 capex 4% to $5.3 billion
Nearly six months after closing its acquisition of Permian Basin operator Concho Resources, ConocoPhillips June 30 set out an ambitious 10-year operating plan June 30 that aims to grow oil production about 3%/year and deliver superior returns at an average breakeven cost slightly under $30/b.
The company plans to achieve that with capital spending of roughly $7 billion/year – more than its 2021 capital spending program, which it also reduced June 30 by $200 million to $5.3 billion owing to stronger-than-expected operational efficiencies.
ConocoPhillips, like most of industry, is not focused on production growth, but returns, its CEO Ryan Lance said during the company's annual market update presentation which was webcast.
Annual growth in production, which in Q1 2021 pro forma was just shy of 1.5 million boe/d and should be roughly 2 million boe/d by 2031 – is an outcome of a number of combined important financial metrics, Lance said.
"It's not only about how we allocate capital at the asset level, but about returning [cash] to shareholders and advancing the return on capital we're getting," he said. "We balance all those things."
Moreover, following ConocoPhillips' $9.7 billion acquisition of Concho in January 2021, cost savings and synergies of $1 billion/year are expected from the deal – double the amount targeted when the transaction was announced in late 2020, Lance said.
And at the same time, the company has increased its planned 2021 return of capital to shareholders by an additional $1 billion of share buybacks, for a total of about $6 billion, or roughly 8%, of its current market cap.
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