ConocoPhillips Q2 earnings drop to $2.2B, but production record; raises FY guidance

CONOCOPHILLIPS

2023-Q2 EPS reported $4.22 revenue$27,162,000,000

Q2 2023 earnings $2.2B ($1.84/share) vs Q2 2022 $5.1B ($3.96/share); adjusted also $2.2B.
Record production 1,805 MBOED (+6% YoY on adjusted basis); Lower 48 record 1,063 MBOED.
Raises FY 2023 production guidance to 1.80-1.81 MMBOED from prior 1.78-1.80 MMBOED.
Declares $0.51 quarterly dividend (payable Sep 1) and VROC $0.60/share (payable Oct 16).
Director Jody Freeman resigned Aug 3, not due to disagreement, to pursue other commitments.

item 2.02 item 5.02 item 9.01

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Departed

Jody Freeman

member of the Board of Directors

COP · CONOCOPHILLIPS

Effective: 2023-08-03
Filed: August 3, 2023, 7:59 PM ET

On August 3, 2023, Ms. Jody Freeman resigned as a member of the Board of Directors (the “Board”) of ConocoPhillips.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jody Freeman resigned as member of the Board of Directors at CONOCOPHILLIPS.

Action: resigned
Role: member of the Board of Directors

Exact text from the filing

On August 3, 2023, Ms. Jody Freeman resigned as a member of the Board of Directors (the “Board”) of ConocoPhillips.

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CONOCOPHILLIPS filing history →

Source: SEC EDGAR

accession 0001157523-23-001246

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