8-KRegulation FDExhibits & Filings

CONOCOPHILLIPS 8-K Report, Regulation FD Disclosure (Sep 29, 2004)

Filed September 29, 2004For Securities:COP

Summary

ConocoPhillips (COP) filed an 8-K on September 29, 2004, primarily to disclose a significant strategic acquisition. The company announced it has acquired a 7.59% ownership interest in Lukoil, a major Russian energy company. This filing also includes a press release and a slide presentation used by company executives to discuss this development with investors and the financial community. This acquisition represents a substantial investment and marks a key move for ConocoPhillips in expanding its global reach, particularly within the Russian oil and gas sector. Investors should pay close attention to the details provided in the accompanying press release and presentation for a deeper understanding of the transaction's rationale, potential synergies, and future implications for ConocoPhillips's business strategy and market position. The furnished information is intended to provide transparency regarding this material event.

Key Highlights

  • 1ConocoPhillips announced the acquisition of a 7.59% ownership interest in Lukoil.
  • 2The acquisition signifies a strategic expansion into the Russian energy market.
  • 3The 8-K filing includes a press release detailing the Lukoil acquisition.
  • 4A slide presentation used by ConocoPhillips executives is also furnished.
  • 5The furnished information is provided under Regulation FD for public disclosure.
  • 6This move is likely aimed at strengthening ConocoPhillips's global upstream portfolio.

Frequently Asked Questions

The primary purpose of this 8-K filing is to publicly disclose ConocoPhillips's acquisition of a 7.59% ownership interest in Lukoil, a significant Russian oil and gas company, in compliance with Regulation FD.

Lukoil is a major Russian integrated oil and gas company. Acquiring a substantial stake in Lukoil represents a significant strategic move for ConocoPhillips, potentially expanding its access to reserves, production capacity, and market presence in Russia, a key global energy region.

More detailed information regarding the acquisition can be found in the furnished press release (Exhibit 99.1) and the slide presentation (Exhibit 99.2) attached to this 8-K filing.

This acquisition is a material event that could impact ConocoPhillips's future growth, profitability, and risk profile. Investors should review the accompanying press release and presentation to understand the strategic implications and consider how this new asset fits into ConocoPhillips's overall business strategy before making any investment decisions.