ConocoPhillips Q1 net income $2.9B ($2.38/sh) vs $5.8B a year ago; raises production guidance

CONOCOPHILLIPS

2023-Q1 EPS reported $2.38 revenue$14,811,000,000

GAAP and adjusted EPS both $2.38/share, down from $4.39 and $3.27 in Q1 2022.
Record total production 1,792 MBOED (+45 MBOED YoY); Lower 48 record 1,036 MBOED.
Average realized price $60.86/BOE, 21% lower than $76.99/BOE in Q1 2022.
Raised full-year production guidance midpoint to 1.78-1.80 MMBOED from 1.76-1.80 MMBOED.
Distributed $3.2B to shareholders: $1.7B buybacks, $1.5B dividends & VROC ($0.51+$0.60/sh).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CONOCOPHILLIPS reported first-quarter 2023 results: net income $2.9 billion, EPS $2.38 per share. Guidance raised.

Period: first-quarter 2023
Net income: $2.9 billion
EPS: $2.38 per share
Guidance: raised
Result: reported results

Exact text from the filing

On May 4, 2023 ConocoPhillips issued a press release announcing the company's financial and operating results for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001157523-23-000730

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