---
schema_version: "secwatch.filing_event.v1"
accession: "0001163165-24-000018"
form_type: "8-K"
ticker: "COP"
cik: "0001163165"
company_name: "CONOCOPHILLIPS"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:56:39.389409+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ConocoPhillips Q1 EPS $2.15, adj. $2.03, down from $2.38; revenue $13.8B

## Summary
- 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.

## SEC filing metadata
- accession: 0001163165-24-000018
- form_type: 8-K
- ticker: COP
- cik: 0001163165
- company_name: CONOCOPHILLIPS
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163165/000116316524000018/0001163165-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163165/000116316524000018/cop-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163165-24-000018
- JSON: https://secwatch.observer/filing/0001163165-24-000018.json
- Plain text: https://secwatch.observer/filing/0001163165-24-000018.txt

## Key facts
- Earnings Releases
  CONOCOPHILLIPS reported the quarter ended March 31, 2024 results: net income $2.6 billion, or $2.15 per share, EPS $2.15 per share.
  - Period: the quarter ended March 31, 2024
  - Net income: $2.6 billion, or $2.15 per share
  - EPS: $2.15 per share
  - Result: reported results
  source text: ConocoPhillips (NYSE: COP) today reported first-quarter 2024 earnings of $2.6 billion, or $2.15 per share, compared with first-quarter 2023 earnings of $2.9 billion, or $2.38 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163165/000116316524000018/0001163165-24-000018-index.htm

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