Browse Tag

conoco philips stock

Philips reported third quarter results

6 mins read

The FINANCIAL — Philips delivers Q3 sales of EUR 5.0 billion, with 10% comparable sales growth; income from continuing operations increases to EUR 341 million, Adjusted EBITA margin improves 300 basis points to 15.4%, and operating cash flow increases to EUR 770 million. Third-quarter highlights Sales amounted to EUR 5.0 billion, with 10% comparable sales growth Comparable order intake increased 3% excluding the partial termination of the ventilator contract with HHS*); reported comparable order intake declined 18% Income from continuing operations increased to EUR 341 million, compared to EUR 211 million in Q3 2019 Adjusted EBITA margin increased to 15.4%…

Read More »

Philips reported third quarter results

6 mins read

The FINANCIAL — Philips delivers Q3 sales of EUR 5.0 billion, with 10% comparable sales growth; income from continuing operations increases to EUR 341 million, Adjusted EBITA margin improves 300 basis points to 15.4%, and operating cash flow increases to EUR 770 million. Third-quarter highlights Sales amounted to EUR 5.0 billion, with 10% comparable sales…

ConocoPhillips to acquire Concho Resources for $9.7 bln

4 mins read

ConocoPhillips (NYSE: COP) and Concho Resources (NYSE: CXO) today announced that they have entered into a definitive agreement to combine companies in an all-stock transaction. Under the terms of the transaction, which has been unanimously approved by the board of directors of each company, each share of Concho Resources (Concho) common stock will be exchanged…