Among the factors that could cause actual results to differ materially are the following: (1)
worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the
operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural
gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).
The resulting exploration and production company will focus on oil and
gas worldwide while the downstream company will focus on refining and marketing, primarily in the US although ConocoPhillips has some downstream
operations abroad.
We present the first global analysis of the costs of abating the estimated 76 million tonnes of methane emitted
worldwide each year in oil and
gas operations, which suggest that 40 - 50 % of these emissions can be mitigated at no net cost, because the value of the captured methane could cover the abatement measures.
Siemens, one of the world's largest turbine manufacturers, said it plans to temporarily shut its Power &
Gas (PG) division
operations worldwide in an effort to cut costs.