It was reported on February 29, that Heather Hrap, Senior Vice President at ConocoPhillips (NYSE:COP) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Thursday showed that Hrap sold 4,548 shares of ConocoPhillips. The total transaction amounted to $502,781.
During Thursday's morning session, ConocoPhillips shares up by 0.48%, currently priced at $112.58.
Unveiling the Story Behind ConocoPhillips
ConocoPhillips is a U.S.-based independent exploration and production firm. In 2022, it produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2022 were 6.6 billion barrels of oil equivalent.
ConocoPhillips: A Financial Overview
Negative Revenue Trend: Examining ConocoPhillips's financials over 3 months reveals challenges. As of 31 December, 2023, the company experienced a decline of approximately -20.63% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered ...