ConocoPhillips Q1 EPS $2.23/$2.09 adj; lowers FY capex guidance; CFO Bullock to retire

CONOCOPHILLIPS

2025-Q1 EPS reported $2.23 revenue$16,517,000,000

Net income $2.8B ($2.23 diluted EPS); adjusted EPS $2.09 vs $2.03 YoY.
Total production 2,389 MBOED, up 487 MBOED YoY; Lower 48 1,462 MBOED.
FY2025 capex guidance lowered to $12.3-12.6B from ~$12.9B; adjusted operating cost guidance lowered to $10.7-10.9B.
CFO Bill Bullock to retire June 1; succeeded by Andy O'Brien (currently SVP Strategy).
Declared Q2 dividend $0.78/share, payable June 2.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Andy O'Brien

Chief Financial Officer

COP · CONOCOPHILLIPS

Effective: 2025-06-01
Filed: May 8, 2025, 7:59 PM ET

Effective June 1, 2025, Andy O’Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Mr. Bullock as chief financial officer.

Departed

W.L. "Bill" Bullock

Executive Vice President and Chief Financial Officer

COP · CONOCOPHILLIPS

Effective: 2025-06-01
Successor: Andy O'Brien
Filed: May 8, 2025, 7:59 PM ET

On May 2, 2025, W.L. “Bill” Bullock announced his decision to retire as executive vice president and chief financial officer of ConocoPhillips.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andy O'Brien was appointed as Chief Financial Officer at CONOCOPHILLIPS.

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

Effective June 1, 2025, Andy O’Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Mr. Bullock as chief financial officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

W.L. "Bill" Bullock departed as Executive Vice President and Chief Financial Officer at CONOCOPHILLIPS.

Action: retire
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On May 2, 2025, W.L. “Bill” Bullock announced his decision to retire as executive vice president and chief financial officer of ConocoPhillips.

View on SEC.gov

CONOCOPHILLIPS filing history →

Source: SEC EDGAR

accession 0001163165-25-000023

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