earnings
confidence high
sentiment positive
materiality 0.85
ConocoPhillips Q1 EPS $4.39 vs $0.75 YoY; boosts 2022 capital return to $10B
CONOCOPHILLIPS
2022-Q1 EPS reported
$4.39
revenue$17,762,000,000
- Q1 earnings $5.8B ($4.39 EPS) vs $1.0B ($0.75 EPS) last year; adjusted EPS $3.27 vs $0.69.
- Increases planned 2022 return of capital to $10B, up $2B; declares $0.46 ordinary dividend and $0.70 VROC.
- Production 1,747 MBOED, up 220 MBOED YoY; CFO $7.0B.
- Raises 2022 operating capital guidance to $7.8B from $7.2B due to inflation and partner spend.
- Closes $1.4B APLNG stake purchase; divests $1.4B noncore assets; reduces debt.