earnings
confidence high
sentiment negative
materiality 0.75
ConocoPhillips Q1 EPS $2.15, adj. $2.03, down from $2.38; revenue $13.8B
CONOCOPHILLIPS
2024-Q1 EPS reported
$2.15
revenue$13,848,000,000
- Q1 net income $2.6B ($2.15 diluted EPS) vs $2.9B ($2.38) YoY; adjusted EPS $2.03.
- Revenue $13.85B vs $14.8B YoY; average realized price $56.60/BOE (-7% YoY).
- Production 1,902 MBOED (+110 MBOED YoY); Lower 48 at 1,046 MBOED.
- Shareholder returns of $2.2B: $1.3B buybacks, $0.9B dividends/VROC; retired $0.5B debt.
- Q2 production guidance 1.91-1.95 MBOED; full-year guidance unchanged.