• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Dashboard
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlerts
    Company
    AboutQuantisnow PlusContactJobs
    Legal
    Terms of usePrivacy policyCookie policy

    ConocoPhillips announces first-quarter 2025 results and quarterly dividend

    5/8/25 7:00:00 AM ET
    $COP
    Integrated oil Companies
    Energy
    Get the next $COP alert in real time by email
    • Reported first-quarter 2025 earnings per share of $2.23 and adjusted earnings per share of $2.09.
    • Generated cash provided by operating activities of $6.1 billion and cash from operations (CFO) of $5.5 billion.
    • Lowered both full-year capital expenditures and adjusted operating cost guidance while maintaining full-year production guidance.
    • Declared second-quarter ordinary dividend of $0.78 per share.

    ConocoPhillips (NYSE:COP) today reported first-quarter 2025 earnings of $2.8 billion, or $2.23 per share, compared with first-quarter 2024 earnings of $2.6 billion, or $2.15 per share. Excluding special items, first-quarter 2025 adjusted earnings were $2.7 billion, or $2.09 per share, compared with first-quarter 2024 adjusted earnings of $2.4 billion, or $2.03 per share. Special items for the quarter were primarily related to a gain on asset sales and the impact from the settlement of a contingent matter.

    "ConocoPhillips continued to demonstrate strong execution in the first quarter, and we reduced our full-year capital and operating cost guidance," said Ryan Lance, chairman and chief executive officer. "Amid a volatile macro environment, we remain confident in the competitive advantages provided by our differentiated portfolio, strong balance sheet and disciplined capital allocation framework that prioritizes returns on and of capital to shareholders."

    First-quarter highlights and recent announcements

    • Delivered total company and Lower 48 production of 2,389 thousand barrels of oil equivalent per day (MBOED) and 1,462 MBOED, respectively.
    • Achieved record Eagle Ford drilling performance from leveraging combined best practices.
    • Completed the largest winter construction season at Willow and achieved critical milestones.
    • Completed $1.3 billion of noncore Lower 48 asset sales, including $0.6 billion during the quarter and $0.7 billion in May with the close of Ursa and associated assets.
    • Distributed $2.5 billion to shareholders, including $1.5 billion through share repurchases and $1.0 billion through the ordinary dividend.
    • Retired $0.5 billion of debt at maturity.
    • Ended the quarter with cash and short-term investments of $7.5 billion and long-term investments of $1.0 billion.

    Quarterly dividend

    ConocoPhillips declared a second-quarter ordinary dividend of $0.78 per share payable June 2, 2025, to stockholders of record at the close of business on May 19, 2025.

    First-quarter review

    Production for the first quarter of 2025 was 2,389 MBOED, an increase of 487 MBOED from the same period a year ago. After adjusting for closed acquisitions and dispositions, first-quarter 2025 production increased 115 MBOED or 5% from the same period a year ago.

    Lower 48 delivered production of 1,462 MBOED, including 816 MBOED from the Permian, 379 MBOED from the Eagle Ford and 212 MBOED from the Bakken.

    Earnings and adjusted earnings increased from the first quarter of 2024, primarily driven by higher volumes and partially offset by increased depreciation, depletion and amortization and operating costs, as well as lower prices. The company's total average realized price was $53.34 per BOE, 6% lower than the $56.60 per BOE realized in the first quarter of 2024.

    For the quarter, cash provided by operating activities was $6.1 billion. Excluding a $0.6 billion change in operating working capital, ConocoPhillips generated CFO of $5.5 billion. In addition, ConocoPhillips realized a change in investing working capital of $0.8 billion and received $0.6 billion of disposition proceeds from the sale of noncore Lower 48 assets. The company funded $3.4 billion of capital expenditures and investments, repurchased $1.5 billion of shares, paid $1.0 billion in ordinary dividends and retired debt of $0.5 billion at maturity.

    Outlook

    Second-quarter 2025 production is expected to be 2.34 to 2.38 million barrels of oil equivalent per day (MMBOED).

    Full-year capital expenditures guidance is lowered to $12.3 to $12.6 billion versus prior guidance of approximately $12.9 billion. Full-year adjusted operating cost guidance is lowered to $10.7 to $10.9 billion versus prior guidance of $10.9 to $11.1 billion.

    All other guidance remains unchanged. Guidance includes the impact from closed dispositions.

    ConocoPhillips will host a conference call today at 12:00 p.m. Eastern time to discuss this announcement. To listen to the call and view related presentation materials and supplemental information, go to www.conocophillips.com/investor. A recording and transcript of the call will be posted afterward.

    --- # # # ---

    About ConocoPhillips

    As a leading global exploration and production company, ConocoPhillips is uniquely equipped to deliver reliable, responsibly produced oil and gas. Our deep, durable and diverse portfolio is built to meet growing global energy demands. Together with our high-performing operations and continuously advancing technology, we are well positioned to deliver strong, consistent financial results, now and for decades to come. Visit us at www.conocophillips.com.

    CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

    This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, including, without limitation, statements regarding our future financial position, business strategy, budgets, projected revenues, costs and plans, objectives of management for future operations, the anticipated benefits of our acquisition of Marathon Oil Corporation (Marathon Oil), the anticipated impact of our acquisition of Marathon Oil on the combined company's business and future financial and operating results and the expected amount and timing of synergies from our acquisition of Marathon Oil and other aspects of our operations or operating results. Words and phrases such as "ambition," "anticipate," "believe," "budget," "continue," "could," "effort," "estimate," "expect," "forecast," "goal," "guidance," "intend," "may," "objective," "outlook," "plan," "potential," "predict," "projection," "seek," "should," "target," "will," "would," and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include, but are not limited to, the following: effects of volatile commodity prices, including prolonged periods of low commodity prices, which may adversely impact our operating results and our ability to execute on our strategy and could result in recognition of impairment charges on our long-lived assets, leaseholds and nonconsolidated equity investments; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes as a result of any ongoing military conflict and the global response to such conflict, security threats on facilities and infrastructure, global health crises, the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries or the resulting company or third-party actions in response to such changes; the potential for insufficient liquidity or other factors, such as those described herein, that could impact our ability to repurchase shares and declare and pay dividends, whether fixed or variable; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks and the inherent uncertainties in predicting reserves and reservoir performance; reductions in our reserve replacement rates, whether as a result of significant declines in commodity prices or otherwise; unsuccessful exploratory drilling activities or the inability to obtain access to exploratory acreage; failure to progress or complete announced and future development plans related to constructing, modifying or operating related to constructing, modifying or operating E&P and LNG facilities, or unexpected changes in costs, inflationary pressures or technical equipment related to such plans; significant operational or investment changes imposed by legislative and regulatory initiatives and international agreements addressing environmental concerns, including initiatives addressing the impact of global climate change, such as limiting or reducing GHG emissions, regulations concerning hydraulic fracturing, methane emissions, flaring or water disposal and prohibitions on commodity exports; broader societal attention to and efforts to address climate change may cause substantial investment in and increased adoption of competing or alternative energy sources; risks, uncertainties and high costs that may prevent us from successfully executing on our Climate Risk Strategy; lack or inadequacy of, or disruptions in reliable transportation for our crude oil, bitumen, natural gas, LNG and NGLs; inability to timely obtain or maintain permits, including those necessary for construction, drilling and/or development, or inability to make capital expenditures required to maintain compliance with any necessary permits or applicable laws or regulations; potential disruption or interruption of our operations and any resulting consequences due to accidents, extraordinary weather events, supply chain disruptions, civil unrest, political events, war, terrorism, cybersecurity threats or information technology failures, constraints or disruptions; liability for remedial actions, including removal and reclamation obligations, under existing or future environmental regulations and litigation; liability resulting from pending or future litigation or our failure to comply with applicable laws and regulations; general domestic and international economic, political and diplomatic developments, including deterioration of international trade relationships, the imposition of trade restrictions or tariffs relating to commodities and material or products (such as aluminum and steel) used in the operation of our business, expropriation of assets, changes in governmental policies relating to commodity pricing, including the imposition of price caps, sanctions or other adverse regulations or taxation policies; competition and consolidation in the oil and gas E&P industry, including competition for sources of supply, services, personnel and equipment; any limitations on our access to capital or increase in our cost of capital or insurance, including as a result of illiquidity, changes or uncertainty in domestic or international financial markets, foreign currency exchange rate fluctuations or investment sentiment; challenges or delays to our execution of, or successful implementation of the acquisition of Marathon Oil or any future asset dispositions or acquisitions we elect to pursue; potential disruption of our operations, including the diversion of management time and attention; our inability to realize anticipated cost savings or capital expenditure reductions; difficulties integrating acquired businesses and technologies; or other unanticipated changes; our inability to deploy the net proceeds from any asset dispositions that are pending or that we elect to undertake in the future in the manner and timeframe we anticipate, if at all; the operation, financing and management of risks of our joint ventures; the ability of our customers and other contractual counterparties to satisfy their obligations to us, including our ability to collect payments when due from the government of Venezuela or PDVSA; uncertainty as to the long-term value of our common stock; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

    Cautionary Note to U.S. Investors – The SEC permits oil and gas companies, in their filings with the SEC, to disclose only proved, probable and possible reserves. We may use the term "resource" in this news release that the SEC's guidelines prohibit us from including in filings with the SEC. U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10-K and other reports and filings with the SEC. Copies are available from the SEC and from the ConocoPhillips website.

    Use of Non-GAAP Financial Information – To supplement the presentation of the company's financial results prepared in accordance with U.S. generally accepted accounting principles (GAAP), this news release and the accompanying supplemental financial information contain certain financial measures that are not prepared in accordance with GAAP, including adjusted earnings (calculated on a consolidated and on a segment-level basis), adjusted earnings per share (EPS), adjusted operating costs and cash from operations (CFO).

    The company believes that the non-GAAP measure adjusted earnings (both on an aggregate and a per-share basis) is useful to investors to help facilitate comparisons of the company's operating performance associated with the company's core business operations across periods on a consistent basis and with the performance and cost structures of peer companies by excluding items that do not directly relate to the company's core business operations. Adjusted earnings is defined as earnings removing the impact of special items. Adjusted EPS is a measure of the company's diluted net earnings per share excluding special items. Adjusted operating costs is defined as the sum of production and operating expenses and selling, general and administrative expenses, adjusted to exclude expenses that do not directly relate to the company's core business operations and are included as adjustments to arrive at adjusted earnings to the extent those adjustments impact operating costs. The company further believes that the non-GAAP measure CFO is useful to investors to help understand changes in cash provided by operating activities excluding the timing effects associated with operating working capital changes across periods on a consistent basis and with the performance of peer companies. The company believes that the above-mentioned non-GAAP measures, when viewed in combination with the company's results prepared in accordance with GAAP, provides a more complete understanding of the factors and trends affecting the company's business and performance. The company's Board of Directors and management also use these non-GAAP measures to analyze the company's operating performance across periods when overseeing and managing the company's business.

    Each of the non-GAAP measures included in this news release and the accompanying supplemental financial information has limitations as an analytical tool and should not be considered in isolation or as a substitute for an analysis of the company's results calculated in accordance with GAAP. In addition, because not all companies use identical calculations, the company's presentation of non-GAAP measures in this news release and the accompanying supplemental financial information may not be comparable to similarly titled measures disclosed by other companies, including companies in our industry. The company may also change the calculation of any of the non-GAAP measures included in this news release and the accompanying supplemental financial information from time to time in light of its then existing operations to include other adjustments that may impact its operations.

    Reconciliations of each non-GAAP measure presented in this news release to the most directly comparable financial measure calculated in accordance with GAAP are included in the release.

    Other Terms – This news release also contains the term pro forma underlying production. Pro forma underlying production reflects the impact of closed acquisitions and closed dispositions as of March 31, 2025. The impact of closed acquisitions and dispositions assumes a closing date of January 1, 2024. The company believes that underlying production is useful to investors to compare production reflecting the impact of closed acquisitions and dispositions on a consistent go-forward basis across periods and with peer companies. Return of capital is defined as the total of the ordinary dividend and share repurchases. References in the release to earnings refer to net income.

    ConocoPhillips

     

     

     

     

     

     

     

     

     

    Table 1: Reconciliation of earnings to adjusted earnings

     

     

     

    $ millions, except as indicated

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    1Q25

     

    1Q24

     

    Pre-tax

    Income

    tax

    After-tax

    Per share of common stock (dollars)

     

    Pre-tax

    Income

    tax

    After-tax

    Per share of common stock (dollars)

    Earnings

     

     

    $

    2,849

     

    2.23

     

     

     

     

    2,551

     

    2.15

     

    Adjustments:

     

     

     

     

     

     

     

     

     

    (Gain) loss on asset sales

    (64

    )

    (41

    )

     

    (105

    )

    (0.08

    )

     

    (86

    )

    20

     

    (66

    )

    (0.06

    )

    Tax adjustments

    —

     

    —

     

     

    —

     

    —

     

     

    —

     

    (76

    )

    (76

    )

    (0.06

    )

    Transaction and integration expenses

    53

     

    (12

    )

     

    41

     

    0.03

     

     

    —

     

    —

     

    —

     

    —

     

    (Gain) loss in interest rate hedge¹

    (15

    )

    3

     

     

    (12

    )

    (0.01

    )

     

    —

     

    —

     

    —

     

    —

     

    Pending claims and settlements

    (123

    )

    29

     

     

    (94

    )

    (0.08

    )

     

    —

     

    —

     

    —

     

    —

     

    Adjusted earnings / (loss)

     

     

    $

    2,679

     

    2.09

     

     

     

     

    2,409

     

    2.03

     

    ¹Interest rate hedging (gain) loss from PALNG Phase 1 Investment.

     

     

     

     

     

    The income tax effects of the special items are primarily calculated based on the statutory rate of the jurisdiction in which the discrete item resides.

    ConocoPhillips

    Table 2: Reconciliation of net cash provided by operating activities to cash from operations

    $ millions, except as indicated

     

     

     

     

    1Q25

    Net Cash Provided by Operating Activities

    $

    6,115

     

     

    Adjustments:

     

    Net operating working capital changes

     

    648

     

    Cash from operations

    $

    5,467

     

     

     

    ConocoPhillips

     

     

     

    Table 3: Reconciliation of reported production to pro forma underlying production

    MBOED, except as indicated

     

     

     

     

     

     

     

     

    1Q25

     

    1Q24

    Total reported ConocoPhillips production

    2,389

     

     

    1,902

     

     

     

     

     

    Closed Dispositions1

    (15

    )

     

    (18

    )

    Closed Acquisitions2

    —

     

     

    375

     

    Total pro forma underlying production

    2,374

     

     

    2,259

     

     

    1Includes production related to various Lower 48 noncore dispositions but excludes dispositions not yet closed as of 3/31/2025 (Ursa and related assets).

    2Includes production related to the acquisition of Marathon Oil and additional working interest in Alaska, both closing in 4Q24.

    ConocoPhillips

     

     

    Table 4: Reconciliation of production and operating expenses to adjusted operating costs

    $ millions, except as indicated

     

     

     

     

     

     

     

     

     

     

     

    1Q25

     

     

    2025 Full Year

    Guidance ($B)

    Production and operating expenses

    $

    2,506

     

     

    10.1 - 10.4

    Selling, general and administrative (G&A) expenses

     

    191

     

     

    0.7 - 0.8

    Operating Costs

     

    2,697

     

     

    10.8 - 11.2

     

     

     

     

    Adjustments to exclude special items:

     

     

     

    Transaction and integration expenses

     

    (53

    )

     

    (0.1) - (0.3)

    Adjusted operating costs

    $

    2,644

     

     

    10.7 - 10.9

     

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250508066084/en/

    Dennis Nuss (media)

    281-293-1149

    [email protected]



    Investor Relations

    281-293-5000

    [email protected]

    Get the next $COP alert in real time by email

    Chat with this insight

    Save time and jump to the most important pieces.

    Recent Analyst Ratings for
    $COP

    DatePrice TargetRatingAnalyst
    4/29/2025$107.00Buy → Neutral
    BofA Securities
    2/10/2025$157.00 → $124.00Strong Buy → Outperform
    Raymond James
    1/17/2025$125.00Buy
    TD Cowen
    12/16/2024$128.00Overweight
    Morgan Stanley
    12/16/2024$132.00 → $134.00Neutral → Outperform
    Mizuho
    12/6/2024$165.00Outperform
    Evercore ISI
    12/5/2024$120.00 → $123.00Neutral → Overweight
    Analyst
    7/18/2024$145.00Outperform
    Wolfe Research
    More analyst ratings

    $COP
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by ConocoPhillips (Amendment)

      SC 13G/A - CONOCOPHILLIPS (0001163165) (Subject)

      2/13/24 4:55:49 PM ET
      $COP
      Integrated oil Companies
      Energy
    • SEC Form SC 13G/A filed by ConocoPhillips (Amendment)

      SC 13G/A - CONOCOPHILLIPS (0001163165) (Subject)

      1/25/24 3:30:52 PM ET
      $COP
      Integrated oil Companies
      Energy
    • SEC Form SC 13G/A filed by ConocoPhillips (Amendment)

      SC 13G/A - CONOCOPHILLIPS (0001163165) (Subject)

      2/9/23 10:54:46 AM ET
      $COP
      Integrated oil Companies
      Energy

    $COP
    Financials

    Live finance-specific insights

    See more
    • ConocoPhillips announces Bill Bullock to retire after 39 years with the company

      ConocoPhillips (NYSE:COP) today announced that W.L. (Bill) Bullock, executive vice president and chief financial officer, will retire from ConocoPhillips after 39 years of distinguished service. Andy O'Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025. Andy will also retain responsibility for Strategy, Commercial and Sustainability. Bill began his career with Conoco in 1986 and held numerous engineering, operations, commercial, and business development roles of increasing responsibility before joining the company's executive leadership team in 2018 and becoming chief financial of

      5/8/25 7:01:00 AM ET
      $COP
      Integrated oil Companies
      Energy
    • ConocoPhillips announces first-quarter 2025 results and quarterly dividend

      Reported first-quarter 2025 earnings per share of $2.23 and adjusted earnings per share of $2.09. Generated cash provided by operating activities of $6.1 billion and cash from operations (CFO) of $5.5 billion. Lowered both full-year capital expenditures and adjusted operating cost guidance while maintaining full-year production guidance. Declared second-quarter ordinary dividend of $0.78 per share. ConocoPhillips (NYSE:COP) today reported first-quarter 2025 earnings of $2.8 billion, or $2.23 per share, compared with first-quarter 2024 earnings of $2.6 billion, or $2.15 per share. Excluding special items, first-quarter 2025 adjusted earnings were $2.7 billion, or $2.09 per share, co

      5/8/25 7:00:00 AM ET
      $COP
      Integrated oil Companies
      Energy
    • ConocoPhillips to Hold First-Quarter Earnings Conference Call on Thursday, May 8

        ConocoPhillips (NYSE:COP) will host a conference call webcast on Thursday, May 8, 2025, at 12:00 p.m. Eastern time to discuss first-quarter 2025 financial and operating results. The company's financial and operating results will be released before the market opens on May 8. To access the webcast, visit ConocoPhillips' Investor Relations site, http://www.conocophillips.com/investor, and click on the "Register" link in the Investor Presentations section. You should register at least 15 minutes prior to the start of the webcast. The event will be archived and available for replay later the same day, with a transcript available the following day. --- # # # --- About ConocoPhillips Conoco

      3/27/25 12:04:00 PM ET
      $COP
      Integrated oil Companies
      Energy

    $COP
    Leadership Updates

    Live Leadership Updates

    See more

    $COP
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Texas Pacific Land Set to Join S&P 500, Mueller Industries to Join S&P MidCap 400 and Atlas Energy Solutions to Join S&P SmallCap 600

      NEW YORK, Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE:TPL) will replace Marathon Oil Corp. (NYSE:MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE:MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE:AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE:COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions. Texas Pacific Land and Mueller Industries have company level market capitalizations that are more r

      11/21/24 6:23:00 PM ET
      $AESI
      $COP
      $MLI
      $MRO
      Mining & Quarrying of Nonmetallic Minerals (No Fuels)
      Industrials
      Integrated oil Companies
      Energy
    • ConocoPhillips appoints Nelda J. Connors to its board of directors

      ConocoPhillips (NYSE:COP) today announced that its board of directors has elected Ms. Nelda J. Connors to serve as a board member. Ms. Connors has more than 25 years of experience in the industrial and manufacturing industries. In 2011, she founded Pine Grove Holdings, LLC, where she currently serves as chair and chief executive officer, overseeing investments in small- and mid-sized businesses with a high engineering component. Prior to founding Pine Grove Holdings, Ms. Connors served as president and chief executive officer of Atkore International Group, Inc., from 2008 to 2010 while Atkore was a division of Tyco International, and from 2010 to 2011 following Atkore's spin-off as a sepa

      9/3/24 8:00:00 AM ET
      $COP
      Integrated oil Companies
      Energy
    • Meritage Homes Appoints Dennis V. Arriola to Its Board of Directors

      SCOTTSDALE, Ariz., June 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Dennis V. Arriola as an independent director to its Board of Directors, as part of its board refreshment process. His appointment brings the Board of Directors to a total of 12. The Board plans to consider Mr. Arriola for appointment to one or more board committees over the course of the next several regularly scheduled board meetings. Mr. Arriola currently serves as an Operating Partner at Sandbrook Capital, a private equity firm focused on transforming energy infrastructure investments. Previously, he was the chief executi

      6/14/23 5:02:12 PM ET
      $AGR
      $COP
      $MTH
      $SPWR
      Electric Utilities: Central
      Utilities
      Integrated oil Companies
      Energy
    • ConocoPhillips announces Bill Bullock to retire after 39 years with the company

      ConocoPhillips (NYSE:COP) today announced that W.L. (Bill) Bullock, executive vice president and chief financial officer, will retire from ConocoPhillips after 39 years of distinguished service. Andy O'Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Bill as chief financial officer, effective June 1, 2025. Andy will also retain responsibility for Strategy, Commercial and Sustainability. Bill began his career with Conoco in 1986 and held numerous engineering, operations, commercial, and business development roles of increasing responsibility before joining the company's executive leadership team in 2018 and becoming chief financial of

      5/8/25 7:01:00 AM ET
      $COP
      Integrated oil Companies
      Energy
    • ConocoPhillips announces first-quarter 2025 results and quarterly dividend

      Reported first-quarter 2025 earnings per share of $2.23 and adjusted earnings per share of $2.09. Generated cash provided by operating activities of $6.1 billion and cash from operations (CFO) of $5.5 billion. Lowered both full-year capital expenditures and adjusted operating cost guidance while maintaining full-year production guidance. Declared second-quarter ordinary dividend of $0.78 per share. ConocoPhillips (NYSE:COP) today reported first-quarter 2025 earnings of $2.8 billion, or $2.23 per share, compared with first-quarter 2024 earnings of $2.6 billion, or $2.15 per share. Excluding special items, first-quarter 2025 adjusted earnings were $2.7 billion, or $2.09 per share, co

      5/8/25 7:00:00 AM ET
      $COP
      Integrated oil Companies
      Energy
    • AM Best Affirms Credit Ratings of Sooner Insurance Company

      AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" (Excellent) of Sooner Insurance Company (Sooner) (Colchester, VT). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect Sooner's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM). Sooner's balance sheet strength is underpinned by its risk-adjusted capitalization at the strongest level, as measured by Best's Capital Adequacy Ratio (BCAR), generally favorable loss reserve development and low underwriting leverage. Sooner's m

      4/24/25 10:05:00 AM ET
      $COP
      Integrated oil Companies
      Energy

    $COP
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Murti Arjun N bought $239,675 worth of shares (2,500 units at $95.87), increasing direct ownership by 13% to 21,500 units (SEC Form 4)

      4 - CONOCOPHILLIPS (0001163165) (Issuer)

      12/20/24 7:04:25 PM ET
      $COP
      Integrated oil Companies
      Energy
    • Director Walker R A bought $1,017,161 worth of shares (10,400 units at $97.80), increasing direct ownership by 38% to 38,000 units (SEC Form 4)

      4 - CONOCOPHILLIPS (0001163165) (Issuer)

      12/18/24 6:19:38 PM ET
      $COP
      Integrated oil Companies
      Energy

    $COP
    SEC Filings

    See more
    • SEC Form S-4 filed by ConocoPhillips

      S-4 - CONOCOPHILLIPS (0001163165) (Filer)

      5/8/25 4:17:04 PM ET
      $COP
      Integrated oil Companies
      Energy
    • SEC Form 10-Q filed by ConocoPhillips

      10-Q - CONOCOPHILLIPS (0001163165) (Filer)

      5/8/25 1:31:57 PM ET
      $COP
      Integrated oil Companies
      Energy
    • ConocoPhillips filed SEC Form 8-K: Results of Operations and Financial Condition, Leadership Update, Financial Statements and Exhibits

      8-K - CONOCOPHILLIPS (0001163165) (Filer)

      5/8/25 8:01:15 AM ET
      $COP
      Integrated oil Companies
      Energy

    $COP
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • SEC Form 4 filed by Director Niblock Robert A

      4 - CONOCOPHILLIPS (0001163165) (Issuer)

      5/1/25 5:35:04 PM ET
      $COP
      Integrated oil Companies
      Energy
    • SEC Form 4 filed by Director Connors Nelda J

      4 - CONOCOPHILLIPS (0001163165) (Issuer)

      5/1/25 5:31:32 PM ET
      $COP
      Integrated oil Companies
      Energy
    • SEC Form 4 filed by Director Niblock Robert A

      4 - CONOCOPHILLIPS (0001163165) (Issuer)

      4/2/25 10:47:24 AM ET
      $COP
      Integrated oil Companies
      Energy

    $COP
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • ConocoPhillips downgraded by BofA Securities with a new price target

      BofA Securities downgraded ConocoPhillips from Buy to Neutral and set a new price target of $107.00

      4/29/25 8:05:51 AM ET
      $COP
      Integrated oil Companies
      Energy
    • ConocoPhillips downgraded by Raymond James with a new price target

      Raymond James downgraded ConocoPhillips from Strong Buy to Outperform and set a new price target of $124.00 from $157.00 previously

      2/10/25 6:57:12 AM ET
      $COP
      Integrated oil Companies
      Energy
    • TD Cowen initiated coverage on ConocoPhillips with a new price target

      TD Cowen initiated coverage of ConocoPhillips with a rating of Buy and set a new price target of $125.00

      1/17/25 7:31:01 AM ET
      $COP
      Integrated oil Companies
      Energy