ConocoPhillips Q3 earns $2.8B ($2.32 EPS); raises quarterly dividend 14% to $0.58; record production

CONOCOPHILLIPS

2023-Q3 EPS reported $6.54 revenue$41,412,000,000

Q3 2023 earnings $2.8B ($2.32 diluted EPS), adjusted $2.6B ($2.16 EPS), down from $4.5B ($3.55) in Q3 2022.
Record production 1,806 MBOED; full-year guidance raised to ~1.82 MMBOED (prior 1.80-1.81).
Quarterly dividend increased 14% to $0.58/share, payable Dec. 1, 2023, record Nov. 14.
Completed purchase of remaining 50% interest in Surmont for ~$2.7B; contingent payments up to $0.4B CAD.
Generated $5.5B CFO; distributed $2.6B to shareholders via dividends, VROC, and $1.3B buybacks.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CONOCOPHILLIPS reported third-quarter 2023 results: net income $2.8 billion, EPS $2.32 per share.

Period: third-quarter 2023
Net income: $2.8 billion
EPS: $2.32 per share
Result: reported results

Exact text from the filing

ConocoPhillips (NYSE: COP) today reported third-quarter 2023 earnings of $2.8 billion, or $2.32 per share

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Source: SEC EDGAR

accession 0001163165-23-000029

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