earnings
confidence high
sentiment positive
materiality 0.90
ConocoPhillips Q3 2022 earnings $4.5B; raises dividend 11%, boosts buyback $20B
CONOCOPHILLIPS
2022-Q3 EPS reported
$11.93
revenue$59,936,000,000
- Q3 earnings $4.5B ($3.55/sh); adjusted $4.6B ($3.60/sh); YoY earnings up from $2.4B.
- Ordinary dividend increased 11% to $0.51/sh payable Dec 1; VROC $0.70/sh payable Jan 13.
- Share repurchase authorization raised by $20B to $45B; $2.8B repurchased in Q3.
- EVP Lower 48 Jack Harper leaving for family medical; Nick Olds named EVP Lower 48, Andy O'Brien SVP Global Operations.
- Record Lower 48 production >1 MMBOED; total production 1,754 MBOED; FY22 outlook unchanged.