ConocoPhillips Announces Share Repurchase Program

Thursday, August 11, 2005
ConocoPhillips announced a stock repurchase program to repurchase up to $1 billion of the company's common stock over a period of up to two years. This plan is in addition to the existing $1 billion program announced on February 4, 2005, under which the company has repurchased approximately $950 million of its common stock. Consistent with previous guidance, the company will use the new program as a means of offsetting dilution to existing shareholders from the company's stock-based compensation programs. Acquisitions for the share repurchase program will be made at management's discretion at prevailing prices as permitted by securities laws and other legal requirements, and subject to market conditions and other factors. Purchases may be increased, decreased or discontinued at any time without prior notice. Shares of stock repurchased under the plan will be held as treasury shares.

Navy

US Navy Ships Conduct Astern Replenishment-at-sea

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Philippines: Sea Dispute Won't Shift Ties with China, U.S.

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This Day In Naval History: August 24

1814 - During the War of 1812, the British invade Md. and burn Washington, D.C. Commodore Thomas Tingey, superintendent of the Washington Navy Yard, burns the Navy

Finance

Canada May Ask Far-offshore Drillers to Pay Extra

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European Owners Lead in Buying Up Secondhand Tonnage

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Monjasa Bags Credit Facility from Société Générale

Danish bunker fuel supplier and shipping firm Monjasa has signed a credit facility with French bank Société Générale for USD 80 million.    A statement from

 
 
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