earnings
confidence high
sentiment positive
materiality 0.80
ConocoPhillips Q4 EPS $2.61, FY EPS $14.57; announces $11B 2023 return of capital
CONOCOPHILLIPS
2022-FY EPS reported
$14.57
revenue$78,494,000,000
- Q4 2022 earnings $3.2B ($2.61/share); adjusted $3.4B ($2.71/share); revenue not explicitly stated but total realized price $71.05/BOE, up 8% YoY.
- Full-year 2022 earnings $18.7B ($14.57/share); adjusted $17.3B ($13.52/share); CFO $28.5B.
- Preliminary 2022 reserve replacement ratio of 176% (organic 177%); year-end proved reserves 6.6 billion BOE.
- 2023 guidance: capex $10.7-$11.3B, production 1.76-1.80 MMBOED; Q1 production expected 1.72-1.76 MMBOED.
- Q4 dividend $0.51/share (payable March 1, 2023) and VROC $0.60/share (payable April 14, 2023); $11B total 2023 return-of-capital target.