secwatch.observer — SEC 8-K summary
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Issuer:     CONOCOPHILLIPS (COP)
CIK:        0001163165
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001157523-22-001029
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ConocoPhillips Q2 earnings $5.1B ($3.96 EPS); raises 2022 return of capital to $15B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163165/000115752322001029/0001157523-22-001029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163165/000115752322001029/a52799854.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001029

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