ConocoPhillips's Stock Analysis

ConocoPhillips Reports Q2 2025 Financial Results and Dividend

ConocoPhillips reported second-quarter 2025 earnings of $2.0 billion, or $1.56 per share, a decrease from $2.3 billion, or $1.98 per share, in the same quarter of 2024. The company generated $3.5 billion in cash from operating activities and reported adjusted earnings of $1.42 per share, down from $1.98 per share a year ago. Production increased to 2,391 thousand barrels of oil equivalent per day, with a significant contribution from the Lower 48 region. The company declared a quarterly dividend of $0.78 per share, payable on September 2, 2025, to shareholders of record by August 18, 2025.

In addition to financial results, ConocoPhillips completed the integration of Marathon Oil and is on track to achieve over $1 billion in synergies by the end of 2025. The company signed an agreement to sell its Anadarko Basin assets for $1.3 billion, exceeding its $2 billion disposition target ahead of schedule and raising the overall target to $5 billion by the end of 2026. ConocoPhillips ended the quarter with $5.7 billion in cash and short-term investments, and $1.1 billion in long-term investments, while also distributing $2.2 billion to shareholders through share repurchases and dividends.

Aug 07, 2025 07:30:23

ConocoPhillips Appoints New Board Member Kathleen McGinty

ConocoPhillips has announced the appointment of Kathleen McGinty to its board of directors, increasing the total number of directors to 13, with 11 being independent. McGinty currently serves as vice president and chief sustainability and external relations officer for Johnson Controls and has over 30 years of experience in both public and private sectors, including leadership roles at the Environmental Defense Fund. She will serve on the Public Policy and Sustainability Committee as well as the Audit and Finance Committee of the board.

The addition of McGinty is expected to enhance the board's perspective on sustainability and corporate governance. Her extensive background in sustainability initiatives aligns with the company's focus on delivering value while addressing environmental concerns. This strategic board appointment may influence investor confidence and perceptions regarding the company’s commitment to sustainability practices.

Jul 01, 2025 08:12:44

ConocoPhillips Reports Q1 2025 Earnings and Dividend Announcement

ConocoPhillips reported first-quarter 2025 earnings of $2.8 billion, or $2.23 per share, marking an increase from $2.6 billion, or $2.15 per share, in the same quarter last year. Adjusted earnings for the quarter were $2.7 billion, or $2.09 per share, compared to $2.4 billion, or $2.03 per share, in Q1 2024. The company generated cash provided by operating activities of $6.1 billion and cash from operations of $5.5 billion. Additionally, ConocoPhillips lowered its full-year capital expenditures and adjusted operating cost guidance while maintaining its full-year production targets. The company declared a quarterly dividend of $0.78 per share, payable on June 2, 2025, to shareholders of record as of May 19, 2025.

In terms of production, ConocoPhillips reported a total output of 2,389 thousand barrels of oil equivalent per day (MBOED), which is an increase from the previous year. The company also completed significant asset sales totaling $1.3 billion and returned $2.5 billion to shareholders through share repurchases and dividends. At the end of the quarter, ConocoPhillips had cash and short-term investments totaling $7.5 billion and retired $0.5 billion of debt. The company anticipates second-quarter 2025 production to be between 2.34 to 2.38 million barrels of oil equivalent per day.

May 08, 2025 08:01:15

ConocoPhillips Reports $2.3 Billion Earnings for Q4 2024

ConocoPhillips completed the acquisition of Marathon Oil, enhancing its inventory and operational capabilities. The company reported fourth-quarter 2024 earnings of $2.3 billion, equating to $1.90 per share, and a preliminary reserve replacement ratio of 244%. Additionally, it plans to return $10 billion to shareholders in 2025 and declared a quarterly dividend of $0.78 per share. Cash provided by operating activities for the year was $20.1 billion, and the company achieved a 14% return on capital employed.

However, earnings for Q4 2024 decreased compared to the previous year, primarily due to higher acquisition-related expenses, lower commodity prices, and increased operating costs. The total average realized price per barrel of oil equivalent dropped by 10% from Q4 2023, and full-year earnings also fell from $11 billion in 2023 to $9.2 billion in 2024. The company faces challenges in maintaining production levels and managing costs amid fluctuating market conditions.

Feb 06, 2025 08:07:47

ConocoPhillips Announces $4.05 Billion Cash Tender Offer Results

ConocoPhillips has increased its cash tender offer for debt securities to a maximum of $4.05 billion, allowing for the purchase of all validly tendered notes with priority levels one to seven. As of the early tender deadline, approximately $2.67 billion of 'Any and All Notes' and $2.28 billion of 'Maximum Offer Notes' were validly tendered, indicating strong participation in the offers. Additionally, the necessary consents for proposed amendments to the indentures governing the notes have been secured, and the financing condition for the offers has been satisfied.

However, not all notes will be accepted for purchase, as the aggregate amount tendered is expected to exceed the early tender maximum offer amount. Specifically, validly tendered notes due in 2031 and beyond may not be accepted, which could lead to some holders not receiving the expected consideration. Furthermore, the tender offers are subject to various conditions, and there is a possibility that not all tendered notes will be purchased if the maximum offer reference amount is reached before the expiration date.

Dec 10, 2024 16:45:40

ConocoPhillips Offers Up to $4 Billion for Marathon Debt

ConocoPhillips has initiated cash tender offers to acquire up to $4 billion of Marathon Oil Corporation's debt securities, following its recent acquisition of Marathon. This move aims to streamline Marathon's financial obligations and includes a concurrent exchange offer for eligible holders of the debt securities, providing them the option to exchange their existing notes for new notes issued by ConocoPhillips. The tender offers are structured to incentivize early participation with an early tender premium of $50 per $1,000 principal amount for those who act before the early tender deadline.

However, the offers also come with complexities, including acceptance priority levels and potential proration, which may limit the number of notes accepted based on the total amount tendered. Additionally, the offers are subject to various conditions, including the satisfaction of consent solicitations for proposed amendments to the indentures governing the notes. If these conditions are not met, the supplemental indentures may not take effect, leaving some holders at risk of not having their notes accepted.

Nov 25, 2024 09:03:52

ConocoPhillips Acquires Marathon Oil, Synergies Expected Over $1 Billion

ConocoPhillips has successfully completed its acquisition of Marathon Oil Corporation, enhancing its portfolio with high-quality, low-cost inventory. The company anticipates delivering over $1 billion in synergies within the next year, reflecting its history of effective asset integration and strategic alignment with financial goals. Each share of Marathon Oil was converted to ConocoPhillips shares as part of the merger agreement.

Despite the positive aspects of the acquisition, the press release highlights potential risks and uncertainties that could impact future performance. These include fluctuations in commodity prices, regulatory challenges, integration issues, and broader economic conditions that may affect operational efficiency and the realization of expected synergies. The company acknowledges the complexities involved in merging operations and the need for careful management to achieve desired outcomes.

Nov 22, 2024 16:22:21

ConocoPhillips Reports $2.1 Billion Earnings in Q3 2024

ConocoPhillips reported third-quarter 2024 earnings of $2.1 billion, or $1.76 per share, which is a decrease from $2.8 billion, or $2.32 per share, in the same quarter last year. The company raised its ordinary dividend by 34% to $0.78 per share and increased its share repurchase authorization by up to $20 billion. Cash provided by operating activities was $5.8 billion, with cash from operations at $4.7 billion. The production for the quarter was 1,917 thousand barrels of oil equivalent per day, marking an increase from the previous year, although the total average realized price per barrel was 10% lower than the same quarter in 2023 at $54.18 per BOE.

Despite the increase in production, the company experienced a decline in earnings primarily due to lower prices. Adjusted earnings also fell to $2.1 billion, or $1.78 per share, down from $2.6 billion, or $2.16 per share, in the third quarter of 2023. The nine-month earnings for 2024 were reported at $6.9 billion, compared to $8.0 billion in 2023. The decrease in earnings reflects the impact of reduced commodity prices, which were 5% lower on average for the year-to-date period. ConocoPhillips continues to focus on increasing shareholder returns while managing operational challenges.

Oct 31, 2024 08:04:29

ConocoPhillips Welcomes New Board Member Nelda J. Connors

ConocoPhillips has appointed Nelda J. Connors to its board of directors, bringing over 25 years of experience in the industrial and manufacturing sectors. Ms. Connors has a strong background in operational excellence and corporate finance, having founded Pine Grove Holdings and previously held leadership positions at Atkore International and Eaton Corporation. Her expertise is expected to enhance the company's efforts in energy transition and sustainability, aligning with its goals for competitive returns and net-zero emissions.

The addition of Ms. Connors to the board is viewed positively by leadership, with CEO Ryan Lance expressing confidence in her ability to contribute to the company's objectives. Connors also serves on multiple other boards, indicating her extensive professional network and influence. This strategic appointment reflects ConocoPhillips' commitment to strengthening its governance and advancing its corporate strategies in a rapidly changing energy landscape.

Sep 03, 2024 08:13:32

ConocoPhillips Reports Strong Q2 2024 Earnings and Dividends

ConocoPhillips announced Q2 2024 earnings of $2.3 billion, up from last year, and a quarterly dividend of $0.58 per share. The company achieved record production and plans a 34% dividend increase in Q4. However, adjusted earnings for the first half of 2024 fell compared to last year, and higher operating costs were noted. They are progressing on the acquisition of Marathon Oil, expected to close in late Q4.

Aug 01, 2024 08:18:42