earnings
confidence high
sentiment positive
materiality 0.90
ConocoPhillips reports Q4 earnings $2.6B, boosts 2022 capital return to $8B
CONOCOPHILLIPS
2021-FY EPS reported
$6.07
revenue$48,349,000,000
- Q4 2021 earnings $2.6B ($1.98/share) vs loss $0.8B in Q4 2020; full-year earnings $8.1B.
- Increases planned 2022 return of capital to $8B (up $1B), declares ordinary dividend $0.46/share and VROC $0.30/share.
- Acquired and integrated Concho, captured $1B savings; acquired Shell Permian assets Dec 1, 2021; exercised preemption right for additional 10% in APLNG.
- Full-year production 1,527 MBOED (excl Libya); total realized price $54.63/BOE, up 70%; generated CFO $15.7B.
- Preliminary 2021 proved reserves ~6.1B BOE, total reserve replacement 377%.