secwatch.observer — SEC 8-K summary
======================================

Issuer:     CONOCOPHILLIPS (COP)
CIK:        0001163165
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001157523-23-001246
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163165/000115752323001246/0001157523-23-001246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163165/000115752323001246/a53499608.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001246

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer