ConocoPhillips (NYSE:COP) Declares $15.8 Billion Capital Spending Plan in 2013

The Houston, Texas based ConocoPhillips (NYSE:COP) on Friday reported a 2013 capital spending aims of $15.8 billion, unchanged from 2012.

The corporation allocated 60% of the capital to its North America unit and 40% to Europe, Asia Pacific, and other areas abroad.

ConocoPhillips reported that it will offer analysts and investors additional details of the scheme in previous February. The corporation also reported that it anticipates completing its asset-sale plan coming year.

The Houston, Texas based company previous week reported that the sale of its stake in a Kazahkstan project to India’s ONGC Videsh Ltd for $5 billion, the most recent on its divestiture schemes.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. BP plc (ADR) (NYSE:BP) fell -0.58% to settle at $41.07, Chevron Corporation (NYSE:CVX) moved up +0.51% to end at $106.99 while Anadarko Petroleum Corporation (NYSE:APC) jumped +2.65% to finish at $76.32 on Friday.

ConocoPhillips (NYSE:COP) on Dec 07, 2012 increased +1.03% to the closing price of $57.94. The overall volume in the last trading session was 5.34 million shares. Its fifty two weeks range was $50.62 – $78.29. The total market capitalization remained at $70.33 billion.

COP is ahead of its 52-week low with 17.52% and lagging behind from its 52-week high price with -1.46%. COP’s last month’s stock price volatility remained 1.35%. In its share capital COP has 1.21 billion outstanding shares, among them 1.21 billion shares have been floated in market exchange. COP’s stock’s institutional ownership remained 67.13% while insider ownership included 0.16%.

The stock price of COP is moving forward from its 20 days moving average with 3.14% and remote positively from 50 days moving average with 2.20%. COP’s current year’s earnings per share experienced an addition with 17.70% while its current quarter performance remained at 5.06%. Company’s beta coefficient included 1.13. Beta factors measure the amount of market risk associated with market trade.

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