• 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 third-quarter 2024 results, increases quarterly ordinary dividend and existing share repurchase authorization

    10/31/24 7:00:00 AM ET
    $COP
    Integrated oil Companies
    Energy
    Get the next $COP alert in real time by email
    • Reported third-quarter 2024 earnings per share of $1.76 and adjusted earnings per share of $1.78.
    • Generated cash provided by operating activities of $5.8 billion and cash from operations (CFO) of $4.7 billion.
    • Raised ordinary dividend by 34% to $0.78 per share and increased existing share repurchase authorization by up to $20 billion.

    ConocoPhillips (NYSE:COP) today reported third-quarter 2024 earnings of $2.1 billion, or $1.76 per share, compared with third-quarter 2023 earnings of $2.8 billion, or $2.32 per share. Excluding special items, third-quarter 2024 adjusted earnings were $2.1 billion, or $1.78 per share, compared with third-quarter 2023 adjusted earnings of $2.6 billion, or $2.16 per share.

    "ConocoPhillips continues to demonstrate strong operational performance, surpassing the high end of our production guidance during the quarter, while executing on our returns-focused value proposition. We are also raising our ordinary dividend, increasing our share repurchase authorization and are on track to distribute at least $9 billion to shareholders for 2024," said Ryan Lance, chairman and chief executive officer. "We still anticipate closing the planned acquisition of Marathon Oil this quarter and expect to significantly exceed our initial $500 million synergy guidance."

    Third-quarter highlights and recent announcements

    • Delivered total company production of 1,917 thousand barrels of oil equivalent per day (MBOED).
    • Achieved record Lower 48 production of 1,147 MBOED, including 781 MBOED from the Permian, 246 MBOED from the Eagle Ford and 107 MBOED from the Bakken.
    • Successfully completed planned turnarounds, primarily in Canada and the Lower 48.
    • Exercised preferential rights and signed an agreement to acquire additional working interests in the Kuparuk River and Prudhoe Bay units in Alaska for approximately $300 million, with expected close by year-end, subject to customary closing conditions.
    • Distributed $2.1 billion to shareholders, including $1.2 billion through share repurchases and $0.9 billion through the ordinary dividend and variable return of cash (VROC).
    • Ended the quarter with cash and short-term investments of $7.1 billion and long-term investments of $1.0 billion.

    Quarterly dividend and share repurchase authorization increase

    ConocoPhillips declared a fourth-quarter ordinary dividend of $0.78 per share payable Dec. 2, 2024, to stockholders of record at the close of business on Nov. 11, 2024.

    The Board of Directors approved an increase to the company's existing share repurchase authorization by up to $20 billion.

    Third-quarter review

    Production for the third quarter of 2024 was 1,917 MBOED, an increase of 111 MBOED from the same period a year ago. After adjusting for closed acquisitions and dispositions, third-quarter 2024 production increased 47 MBOED or 3% from the same period a year ago.

    Earnings and adjusted earnings decreased from the third quarter of 2023 primarily due to the impact from lower prices. The company's total average realized price was $54.18 per BOE, 10% lower than the $60.05 per BOE realized in the third quarter of 2023.

    For the quarter, cash provided by operating activities was $5.8 billion. Excluding a $1.0 billion change in working capital, ConocoPhillips generated CFO of over $4.7 billion. The company funded $2.9 billion of capital expenditures and investments, repurchased $1.2 billion of shares and paid $0.9 billion in ordinary dividends and VROC.

    Nine-month review

    ConocoPhillips' nine-month 2024 earnings were $6.9 billion, or $5.91 per share, compared with nine-month 2023 earnings of $8.0 billion, or $6.54 per share. Nine-month 2024 adjusted earnings were $6.8 billion, or $5.80 per share, compared with nine-month 2023 adjusted earnings of $7.8 billion, or $6.38 per share.

    Production for the first nine months of 2024 was 1,921 MBOED, an increase of 120 MBOED from the same period a year ago. After adjusting for closed acquisitions and dispositions, production increased 55 MBOED or 3% from the same period a year ago.

    The company's total realized price during this period was $55.77 per BOE, 5% lower than the $58.45 per BOE realized in the first nine months of 2023.

    In the first nine months of 2024, cash provided by operating activities was $15.7 billion. Excluding a $0.8 billion change in working capital, ConocoPhillips generated CFO of $14.9 billion and received disposition proceeds of $0.2 billion. The company funded $8.8 billion of capital expenditures and investments, repurchased $3.5 billion of shares, paid $2.7 billion in ordinary dividends and VROC and retired debt of $0.5 billion at maturity.

    Outlook

    Fourth-quarter 2024 production is expected to be 1.99 to 2.03 million barrels of oil equivalent per day (MMBOED). Full-year production is expected to be approximately 1.94 to 1.95 MMBOED, as compared to prior guidance of 1.93 to 1.94 MMBOED.

    All other guidance remains unchanged. Guidance excludes any impact from previously announced transactions.

    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

    ConocoPhillips is one of the world's leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 13 countries, $97 billion of total assets, and approximately 10,300 employees at Sept. 30, 2024. Production averaged 1,921 MBOED for the nine months ended Sept. 30, 2024, and proved reserves were 6.8 BBOE as of Dec. 31, 2023.

    For more information, go to 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, plans and anticipated results of operations, business strategies, 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 changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from any ongoing military conflict, including the conflicts in Ukraine and the Middle East, and the global response to such conflict, security threats on facilities and infrastructure, or from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; 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 or unsuccessful exploratory activities; unexpected cost increases, inflationary pressures or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; public health crises, including pandemics (such as COVID-19) and epidemics and any impacts or related company or government policies or actions; investment in and development of competing or alternative energy sources; potential failures or delays in delivering on our current or future low-carbon strategy, including our inability to develop new technologies; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships or governmental policies, including the imposition of price caps, or the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business, including any sanctions imposed as a result of any ongoing military conflict, including the conflicts in Ukraine and the Middle East; our ability to collect payments when due, including our ability to collect payments from the government of Venezuela or PDVSA; our ability to complete the proposed acquisition of Marathon Oil Corporation (Marathon Oil) or any other announced or any other future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals, consents or authorizations for the Marathon Oil acquisition or any other announced or any other future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may be subject to conditions neither we nor Marathon Oil anticipated or may require modification to the terms of the transactions or our remaining business; business disruptions relating to the Marathon Oil acquisition or following any other announced or other future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; the receipt of other requisite approvals for the Marathon Oil acquisition, the satisfaction of other closing conditions on a timely basis or at all or the failure of the Marathon Oil acquisition to close for any other reason or to close on anticipated terms; our ability to successfully integrate Marathon Oil's business and technologies, which may result in the combined company not operating as effectively and efficiently as expected; our ability to achieve the expected benefits and synergies from the Marathon Oil acquisition in a timely manner, or at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to our transaction with Concho Resources Inc.; the impact of competition and consolidation in the oil and gas industry; limited access to capital or insurance or significantly higher cost of capital or insurance related to illiquidity or uncertainty in the domestic or international financial markets or investor sentiment; general domestic and international economic and political conditions or developments, including as a result of any ongoing military conflict, including the conflicts in Ukraine and the Middle East; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cybersecurity threats or information technology failures, constraints or disruptions; 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), 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. 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 Sept. 30, 2024. The impact of closed acquisitions and dispositions assumes a closing date of January 1, 2023. 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, share repurchases and variable return of cash (VROC). References in the release to earnings refer to net income.

    ConocoPhillips
    Table 1: Reconciliation of earnings to adjusted earnings
    $ Millions, except as indicated
     

    3Q24

    3Q23

     

    2024 YTD

    2023 YTD
    Pre-tax Income

    tax
    After-tax Per share

    of

    common stock (dollars)
    Pre-tax Income

    tax
    After-tax Per share

    of

    common stock (dollars)
    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

    $

    2,059

    1.76

    2,798

     

    2.32

     

    6,939

     

    5.91

     

    7,950

     

    6.54

     

    Adjustments:
    (Gain) loss on asset sales¹

    —

    —

     

     

    —

    —

    (94

    )

    (6

    )

    (100

    )

    (0.08

    )

    (86

    )

    20

     

    (66

    )

    (0.06

    )

    (94

    )

    (6

    )

    (100

    )

    (0.08

    )

    Tax adjustments

    —

    —

     

     

    —

    —

    —

     

    (144

    )

    (144

    )

    (0.12

    )

    —

     

    (76

    )

    (76

    )

    (0.07

    )

    —

     

    (144

    )

    (144

    )

    (0.12

    )

    Transaction and integration expenses

    28

    (6

    )

     

    22

    0.02

    —

     

    —

     

    —

     

    —

     

    28

     

    (6

    )

    22

     

    0.02

     

    —

     

    —

     

    —

     

    —

     

    (Gain) loss on FX derivative

    —

    —

     

     

    —

    —

    59

     

    (12

    )

    47

     

    0.04

     

    —

     

    —

     

    —

     

    —

     

    59

     

    (12

    )

    47

     

    0.04

     

    Adjusted earnings / (loss)

    $

    2,081

    1.78

    2,601

     

    2.16

     

    6,819

     

    5.80

     

    7,753

     

    6.38

     

    1 Includes 3Q23 divestiture of Lower 48 equity method 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

     

    3Q24

     

     

    2024 YTD

    Net Cash Provided by Operating Activities

    $

    5,763

    15,667

     
    Adjustments:
    Net operating working capital changes

     

    1,041

     

    781

     

    Cash from operations

    $

    4,722

     

    14,886

     

     
    ConocoPhillips

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

    In MBOED, except as indicated

     

    3Q24

     

     

    3Q23

     

     

    2024 YTD

     

    2023 YTD

    Total reported ConocoPhillips production

    1,917

    1,806

    1,921

    1,801

     

    Closed Dispositions1

    —

     

    —

     

    —

     

    (1

    )

    Closed Acquisitions2

    —

     

    64

     

    —

     

    66

     

    Total pro forma underlying production

    1,917

     

    1,870

     

    1,921

     

    1,866

     

    1Includes production related to various Lower 48 dispositions.

    2Includes production related to the acquisition of remaining 50% working interest in Surmont.

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20241029630353/en/

    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
    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
    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
    Leadership Updates

    Live Leadership Updates

    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

    $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

    $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
    Press Releases

    Fastest customizable press release news feed in the world

    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
    • 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
    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
    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