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

Issuer:     CONOCOPHILLIPS (COP)
CIK:        0001163165
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001163165-24-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ConocoPhillips Q4 2023 adjusted EPS $2.40 vs $2.71 YoY; FY 2024 return of capital target $9B
--------------------------------------------------------------------------------

- Q4 2023 adjusted earnings $2.9B ($2.40/share) vs Q4 2022 adjusted $3.4B ($2.71/share); GAAP EPS $2.52.
- Full-year 2023 production record 1,826 MBOED, up 4% YoY; avg realized price $58.39/BOE, down 27%.
- 2023 CFO $21.3B; returned $11B to shareholders (dividends, VROC, buybacks).
- 2024 return of capital target $9B; quarterly dividend $0.58/share + VROC $0.20/share, payable March 1.
- 2024 capex guidance $11.0-11.5B; production guidance 1.91-1.95 MMBOED; preliminary reserve replacement 123%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163165/000116316524000004/0001163165-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163165/000116316524000004/cop-20240208.htm
  HTML page:      https://secwatch.observer/filing/0001163165-24-000004

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