A substantial insider activity was disclosed on March 26, as Olds, Executive Vice President at ConocoPhillips (NYSE:COP), reported the exercise of a large sell of company stock options.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday revealed that Olds, Executive Vice President at ConocoPhillips in the Energy sector, exercised stock options for 12,150 shares of COP stock. The exercise price of the options was $49.76 per share.
Currently, ConocoPhillips shares are trading down 0.24%, priced at $125.69 during Wednesday's morning. This values Olds's 12,150 shares at $922,610.
Discovering ConocoPhillips: A Closer Look
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
Revenue Challenges: ConocoPhillips's revenue growth over 3 months faced difficulties. As of 31 December, 2023, the company experienced a decline of approximately -20.63%. This indicates a ...