secwatch.observer — SEC 8-K summary
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Issuer:     CONOCOPHILLIPS (COP)
CIK:        0001163165
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001163165-24-000034
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ConocoPhillips Q2 2024 adj EPS $1.98 (up 7.6% YoY); raises production guidance, boosts dividend 34%
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- Q2 adjusted earnings $2.3B ($1.98/share) vs $2.2B ($1.84/share) YoY; revenue $13.6B.
- Declared Q3 ordinary dividend $0.58/share and VROC $0.20/share payable Sept 3; 34% increase to $0.78/share starting Q4 2024.
- Record total production 1,945 MBOED; Lower 48 production 1,105 MBOED; avg realized price $56.56/BOE, up 4% YoY.
- Full-year production guidance raised to ~1.93-1.94 MMBOED; capex ~$11.5B; DD&A guidance lowered; op cost guidance raised to $9.2-9.3B.
- Marathon Oil acquisition on track for late Q4 close; $1.9B returned to shareholders in Q2 ($1.0B buybacks, $0.9B dividends).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1163165/000116316524000034/0001163165-24-000034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1163165/000116316524000034/cop-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001163165-24-000034

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