Conocophillips Stock News

With its Bitcoin pilot, ConocoPhillips is both monetizing energy that would otherwise be wasted and reducing its emissions.

ConocoPhillips is supplying a Bitcoin mining project with natural gas from the Bakken shale of North Dakota in a first for a major U.S. producer. The gas supplied to the pilot project, owned and … Read Full Story The post ConocoPhillips Is Supplying a Bitcoin Miner With Gas From Bakken appeared first on ForexTV .

Stocks in Toronto returned to the win column with a vengeance Tuesday, with strength in health-care and tech stocks providing much of the impetus. The S&P/TSX Composite leaped 150.04 points to close Tuesday at 21,502.55. The Canadian dollar dipped 0.03 cents at 78.53 cents U.S. Pot stocks led the charge upward, with Aurora Cannabis surging 38 cents, or 6.9%, to $5.88, while rival Tilray took on 49 cents, or 5.7%, to $9.05. Among industrials, Ballard Power Systems jumped $1.21, or 10.3%, to $13.02, while Lion Electric hiked 49 cents, or 4.3%, to $11.33. Techs also had a field day, with Lightspeed growing $3.71, or 10.1%, to $40.33, while HUT 8 Mining grabbed 61 cents, or 7%, to $9.37. Gold brought the index down, with Equinox faltering 17 cents, or 2.1%, to $7.99, while Barrick Gold slid 52 cents, or 1.9%, to $26.33. Materials did not fare much better, with Capstone Mining skidding 26 cents, or 4%, to $6.17, while SSR Mining paled 48 cents, or 2.1%, to $22.44. In the energy field, Suncor fade 67 cents, or 1.8%, to $37.17, while Imperial Oil dropped 64 cents, or 1.1%, to $55.63.

The oil major is aiming to reach zero routine flaring by 2025.

ConocoPhillips sells extra gas from oil drilling to bitcoin miners instead of burning it off in a flare. READ FULL ARTICLE The post ConocoPhillips is selling extra gas to #bitcoin miners in North Dakota appeared first on ByteFunding .

ConocoPhillips sells extra gas from oil drilling to bitcoin miners instead of burning it off in a flare.

ConocoPhillips Co (NYSE: COP) is supplying extra gas from one of its projects in the Bakken region to power a bitcoin miner in North Dakota, the oil and gas giant announced on Tuesday.   ConocoPhilli

Canada''s main stock index rose on Tuesday as global risk sentiment improved after reports of Moscow''s withdrawal of some troops near Ukraine calmed fears of a potential Russian invasion. The S&P/TSX Composite zoomed 105.94 points to pause for lunch Tuesday at 21,458.45. The Canadian dollar hesitated 0.10 cents at 78.46 cents U.S. Restaurant Brands International gained $2.69, or 3.7%, to $75.38, after the Burger King-parent beat estimates for quarterly revenue and profit. Meanwhile, TC Energy shares gained 0.3% despite the oil producer reporting a fall in quarterly profit as it took a $60-million hit from charges related to its scrapped Keystone XL oil pipeline. TC fell six cents to $66.57. Prime Minister Justin Trudeau on Monday activated rarely used emergency powers in an effort to end protests that have shut some U.S. border crossings and paralyzed parts of the capital. On the economic slate, Canada Mortgage and Housing told us housing starts registered at 254,133 units in January, down from 261,352 units in December.

In an emailed statement, Conoco (COP) disclosed that the oil and gas producer is now selling natural gas to a bitcoin (BTC-USD) miner in North Dakota.The Company indicated that they are…

The Dow Jones Industrial Average rose for the first day in four on Tuesday after Russia appeared to be backing away from an immediate invasion of Ukraine, cooling geopolitical tensions that have knocked the stock market down the last three days. The 30-stock index recovered 375 points, or 1.1%, to 34,846, The S&P 500 regained 51 points, or 1.2% to 4,445. The NASDAQ surged 212 points, or 1.5%, to 14,465. The Russian Defense Ministry said it had begun returning some troops to deployment bases after training exercises near the Ukrainian border. Airline and cruise stocks led the gainers while energy companies were the biggest losers as oil prices fell. American Airlines rose 5% and Carnival Corp. added more than 4.5%. Meanwhile, Exxon Mobile fell 2% and ConocoPhillips lost 3%. Certain technology names also charged higher. Netflix added 2% and Tesla rose more than 3.5%. The producer price index, which measures final-demand goods and services, increased 1% for the month, against the Dow Jones estimate for 0.5%.

A look at two oil stocks for your aggressive growth radar screen.

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Conoco had excellent timing in its purchases of Concho and Shell's Permian operations. Implementing a variable dividend will help the company manage downside risk.

We have narrowed our search to five U.S. corporate giants that have given strong guidance for 2022. These are: AAPL, TSLA, XOM, COP and AMD.