---
schema_version: "secwatch.filing_event.v1"
accession: "0001163165-25-000023"
form_type: "8-K"
ticker: "COP"
cik: "0001163165"
company_name: "CONOCOPHILLIPS"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:12:41.707982+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001163165-25-000023
- form_type: 8-K
- ticker: COP
- cik: 0001163165
- company_name: CONOCOPHILLIPS
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1163165/000116316525000023/0001163165-25-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1163165/000116316525000023/cop-20250502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001163165-25-000023
- JSON: https://secwatch.observer/filing/0001163165-25-000023.json
- Plain text: https://secwatch.observer/filing/0001163165-25-000023.txt

## Key facts
- Executive change
  Andy O'Brien was appointed as Chief Financial Officer at CONOCOPHILLIPS.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: Effective June 1, 2025, Andy O’Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Mr. Bullock as chief financial officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163165/000116316525000023/0001163165-25-000023-index.htm
- Executive change
  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
  source text: On May 2, 2025, W.L. “Bill” Bullock announced his decision to retire as executive vice president and chief financial officer of ConocoPhillips.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1163165/000116316525000023/0001163165-25-000023-index.htm

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