earnings
confidence high
sentiment positive
materiality 0.85
ConocoPhillips Q2 earnings $5.1B ($3.96 EPS); raises 2022 return of capital to $15B
CONOCOPHILLIPS
2022-Q2 EPS reported
$8.36
revenue$38,923,000,000
- Q2 2022 earnings $5.1B ($3.96 diluted EPS) vs $2.1B ($1.55) YoY; adjusted earnings $5.1B ($3.91 EPS) vs $1.7B ($1.27).
- Increased planned 2022 return of capital to $15B, up $5B; distributed $3.3B to shareholders in Q2 including $1B dividends/VROC and $2.3B buybacks.
- Declared Q3 ordinary dividend $0.46/share (payable Sept 1) and Q4 VROC $1.40/share (payable Oct 14).
- Q2 production 1,692 MBOED (+104 MBOED YoY); total avg realized price $88.57/BOE (+77% YoY). CFO $7.8B; retired $1.8B debt in quarter.
- Full-year production guidance ~1.74 MMBOED; Q3 guidance 1.70-1.76 MMBOED; adjusted operating cost guidance raised to $7.5B from $7.3B.