ConocoPhillips (NYSE:COP) has declared its quarterly dividend of $0.50 per share. The dividend is payable on March 1, 2010. The record date is February 22, 2010.
ConocoPhillips has announced that it has agreed to pay $175,000 in fines and install pollution control equipment to settle the alleged Clean Air Act violations on the Southern Ute Indian Reservation. US Environmental Protection Agency that claimed that the company needed to install an oxidation catalyst control system as part of a permit for its Sunnyside compressor station which took effect in December 2005. The company allegedly failed to do so until March 2010.
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ConocoPhillips (ConocoPhillips) is an international, integrated energy company. The Company’s business is organized into six segments. Exploration and Production (E&P) segment explores for, produces and markets crude oil, natural gas and natural gas liquids. Midstream segment gathers, processes and markets natural gas produced by ConocoPhillips and others, and fractionates and markets natural gas liquids. Midstream segment consists of its 50% equity investment in DCP Midstream, LLC. Refining and Marketing (R&M) segment purchases, refines, markets and transports crude oil and petroleum products. LUKOIL Investment segment consists of its equity investment in the ordinary shares of OAO LUKOIL. Chemicals segment manufactures and markets petrochemicals and plastics and consists of its 50% equity investment in Chevron Phillips Chemical Company LLC (CPChem). Emerging Businesses segment includes the Company’s investment in new technologies or businesses outside its scope of operations.
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