COP Benefits Annual Enrollment
ConocoPhillips Benefits
Mar 5, 2021 12:45:00 PM / by The Retirement Group posted in CAM Annuity, Chevron, ERB, ESRO, ExxonMobil, Financial Planning, Hewitt, In Service Withdrawal, Lump Sum, Northrop Grumman, Option 1 Withdrawal, Pension, Pension Options, Retirement, Retirement Planning, Verizon, 401K, 72t, Age Penalties, Benefit Commencement Date, Workshops, TRG, ConocoPhillips
ConocoPhillips Interest Rates Have Changed Trajectory
Feb 20, 2021 10:00:00 AM / by Tyson Mavar RICP® of The Retirement Group (800) 900-5867 posted in Pension, Pension Options, ConocoPhillips, interest rates, COP, 2021
ConocoPhillips Interest Rates Are Starting to Rise, Lump-Sums May Decrease in 2021
Jan 26, 2021 9:56:10 AM / by Tyson Mavar RICP® of The Retirement Group (800) 900-5867 posted in Pension, Pension Options, ConocoPhillips, interest rates, COP, 2021
ConocoPhillips Interest Rates Hit Record Lows
Oct 19, 2020 12:10:03 PM / by Tyson Mavar RICP® of The Retirement Group (800) 900-5867 posted in Pension, Pension Options, ConocoPhillips, interest rates, COP
Great News! ConocoPhillips Interest Rates Dropped Again
Oct 8, 2020 11:45:57 AM / by Tyson Mavar RICP® of The Retirement Group (800) 900-5867 posted in Pension, Pension Options, ConocoPhillips, interest rates, COP
Too Much Oil with Nowhere to Go
May 13, 2020 12:15:12 PM / by The Retirement Group posted in CAM Annuity, Chevron, ERB, ESRO, ExxonMobil, Financial Planning, Hewitt, In Service Withdrawal, Lump Sum, Option 1 Withdrawal, Pension, Pension Options, Retirement, Retirement Planning, 401K, 72t, Age Penalties, Benefit Commencement Date, Workshops, TRG, ConocoPhillips, Halliburton, OXY, Shell
On April 20, 2020, the price of a futures contract for West Texas Intermediate crude — the benchmark for U.S. oil prices — fell below zero for the first time in history, dropping more than 306% in trading on the New York Mercantile Exchange and ending the day at -$37.63 per barrel.1 Essentially, this meant that investors who would soon be obligated to take possession of a barrel of oil were willing to pay someone else to take it instead.
This unprecedented price collapse was for contracts scheduled to expire the following day and require delivery in May. June futures dropped 18% to about $20 a barrel, and the May contract clawed its way back to about $10 on April 21.2-3 But the dramatic plunge below zero highlighted a fundamental problem for the oil industry in the face of evaporating demand due to COVID-19. There is too much oil, and the industry is running out of places to put it.