---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001246"
form_type: "8-K"
ticker: "COP"
cik: "0001163165"
company_name: "CONOCOPHILLIPS"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:16:04.846171+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-001246
- form_type: 8-K
- ticker: COP
- cik: 0001163165
- company_name: CONOCOPHILLIPS
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163165/000115752323001246/0001157523-23-001246-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163165/000115752323001246/a53499608.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001246
- JSON: https://secwatch.observer/filing/0001157523-23-001246.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001246.txt

## Key facts
- Executive change
  Jody Freeman resigned as member of the Board of Directors at CONOCOPHILLIPS.
  - Action: resigned
  - Role: member of the Board of Directors
  source text: On August 3, 2023, Ms. Jody Freeman resigned as a member of the Board of Directors (the “Board”) of ConocoPhillips.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163165/000115752323001246/0001157523-23-001246-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.