Conocophillips reports q1 2020 results

Reports first-quarter 2020 results; announces quarterly dividend and additional curtailments.q1 adjusted earnings per share $0.45 excluding items.q1 loss per share $1.60.ended quarter with approximately $14 billion of liquidity, including $6 billion of available revolving credit facility.ended quarter with cash, cash equivalents and restricted cash totaling $4.2 billion and short-term investments of $3.9 billion.co's total average realized price was $38.81 per barrel of oil equivalent, 23% lower than $50.59 per boe realized in q1 of 2019.production excluding libya for q1 was 1,278 thousand barrels of oil equivalent per day (mboed), a decrease of 40 mboed.qtrly total average realized price was $38.81 per barrel of oil equivalent, 23%lower than $50.59 per boe realized in q1 of 2019.special items for current quarter primarily driven by unrealized loss on cenovus energy equity & price-driven non-cash impairments.in alaska, co progressed construction on multi-year gmt-2 project, which remains on track for startup in late 2021.voluntary curtailments for month of may are now estimated to be 265 thousand barrels of oil per day (mbod) gross.currently estimates voluntary curtailments for month of june will be 460 mbod gross.future voluntary curtailment decisions across areas of operations will be made on a month-by-month basis.
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