secwatch.observer — SEC 8-K summary
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Issuer:     CONOCOPHILLIPS (COP)
CIK:        0001163165
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001163165-24-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163165/000116316524000018/0001163165-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163165/000116316524000018/cop-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001163165-24-000018

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