earnings
confidence high
sentiment positive
materiality 0.85
ConocoPhillips Q3 adj. EPS $1.78; raises dividend 34%, buyback auth. +$20B
CONOCOPHILLIPS
2024-Q3 EPS reported
$5.91
revenue$40,509,000,000
- Q3 2024 adjusted EPS $1.78 vs. $2.16 YoY; net income $2.1B; revenue $13.6B.
- Total production 1,917 MBOED; record Lower 48 1,147 MBOED; FY guidance raised to 1.94-1.95 MMBOED.
- Ordinary dividend raised 34% to $0.78/share; share repurchase authorization increased by up to $20B.
- CFO $4.7B, distributed $2.1B to shareholders via buybacks and dividends in Q3.
- Marathon Oil acquisition on track to close this quarter; signed $300M Alaska working interest deal.