Andy O'Brien
Effective June 1, 2025, Andy O’Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Mr. Bullock as chief financial officer.
Highest-materiality recent filing
All 13 nominated directors elected with votes for ranging from ~946M to ~973M; broker non-votes ~109M on each.
ConocoPhillips Q1 EPS $1.78 vs $2.23 YoY; production down; Qatar excluded from Q2 guidance
Reported EPS $1.78, adjusted EPS $1.89; Q1 2025 EPS $2.23.
ConocoPhillips Q4 EPS $1.17 vs $1.90 YoY; guides 2026 capex ~$12B, production 2.33-2.36 MMBOED
Q4 GAAP EPS $1.17, adjusted EPS $1.02; full-year 2025 GAAP EPS $6.35, adjusted $6.16 (down >25% YoY).
ConocoPhillips Q3 adjusted EPS $1.61 misses prior year; raises dividend 8%, updates 2026 guidance
Q3 2025 GAAP EPS $1.38 (vs $1.76 YoY); adjusted EPS $1.61 (vs $1.78). Revenue $15.5B.
Q2 2025 GAAP EPS $1.56, adjusted EPS $1.42; vs Q2 2024 GAAP EPS $1.98.
ConocoPhillips elects Kathleen McGinty to board; size increases to 13 directors
Kathleen McGinty, VP and chief sustainability officer at Johnson Controls, elected to ConocoPhillips board effective July 1, 2025.
ConocoPhillips annual meeting: supermajority elimination fails; directors elected
All 12 director nominees elected; highest vote against was 53.4M for David T. Seaton.
ConocoPhillips Q1 EPS $2.23/$2.09 adj; lowers FY capex guidance; CFO Bullock to retire
Net income $2.8B ($2.23 diluted EPS); adjusted EPS $2.09 vs $2.03 YoY.
ConocoPhillips Q4 EPS $1.90 (adj. $1.98); FY 2025 capex $12.9B, $10B return target
Q4 2024 GAAP EPS $1.90, adjusted $1.98; full-year GAAP EPS $7.81, adjusted $7.79.
Christopher P. Delk will retire as VP, Controller and General Tax Counsel effective March 1, 2025.
ConocoPhillips completes exchange of Marathon notes, issues $862M new notes
All validly tendered Existing Marathon Notes accepted for exchange; retired and cancelled.
Upsized Maximum Offer Reference Amount from $4B to ~$4.05B to accept all priority 1-7 notes.
ConocoPhillips subsidiary issues $5.2B in notes (4.700%-5.650%) due 2030-2065
CPCo issued $1.35B 4.700% Notes due 2030, $650M 4.850% Notes due 2032, $1.25B 5.000% Notes due 2035.
ConocoPhillips launches debt tender and exchange offers for up to $4B post-Marathon close
ConocoPhillips Company commenced cash tender offers to purchase up to $4B aggregate of certain notes, including Marathon Oil notes.
ConocoPhillips closes Marathon Oil acquisition; expects >$1B run-rate synergies
Each MRO share converted to 0.255 COP shares; deal effective Nov 22, 2024.
ConocoPhillips Q3 adj. EPS $1.78; raises dividend 34%, buyback auth. +$20B
Q3 2024 adjusted EPS $1.78 vs. $2.16 YoY; net income $2.1B; revenue $13.6B.
ConocoPhillips appoints Nelda J. Connors to board, expands to 12 members
Board increased from 11 to 12 members; Connors elected effective September 3, 2024.
ConocoPhillips Q2 2024 adj EPS $1.98 (up 7.6% YoY); raises production guidance, boosts dividend 34%
Q2 adjusted earnings $2.3B ($1.98/share) vs $2.2B ($1.84/share) YoY; revenue $13.6B.
ConocoPhillips and Marathon receive FTC Second Request; expect Q4 2024 close
FTC issued Second Request for additional info on July 11, 2024, extending HSR waiting period.
ConocoPhillips director Eric D. Mullins resigns effective June 26, 2024
Eric D. Mullins resigned from the Board on June 26, 2024.
ConocoPhillips acquires Marathon Oil in all-stock merger; 0.255 COP shares per MRO share
Each Marathon share to be exchanged for 0.255 ConocoPhillips shares in all-stock merger.
ConocoPhillips shareholders approve simple-majority vote proposal at 2024 annual meeting
12 director nominees elected; Robert A. Niblock had highest against vote at ~175M shares (18.9% of votes cast).
ConocoPhillips Q1 EPS $2.15, adj. $2.03, down from $2.38; revenue $13.8B
Q1 net income $2.6B ($2.15 diluted EPS) vs $2.9B ($2.38) YoY; adjusted EPS $2.03.
Effective June 1, 2025, Andy O’Brien, currently senior vice president, Strategy, Commercial, Sustainability and Technology, will succeed Mr. Bullock as chief financial officer.
On May 2, 2025, W.L. “Bill” Bullock announced his decision to retire as executive vice president and chief financial officer of ConocoPhillips.
On January 27, 2025, Christopher P. Delk announced his decision to retire as vice president, Controller and General Tax Counsel of ConocoPhillips (the “Company). He will remain in his position as vice president, Controller and General Tax Counsel until March 1, 2025.
· Kontessa S. Haynes-Welsh, currently vice president and Treasurer, will become vice president and Controller.
· Philip M. Gresh, currently vice president, Investor Relations, will become vice president, Investor Relations and Treasurer.
voted to increase the size of the Board from 11 members to 12 members and to elect Ms. Nelda J. Connors to the Board of the Company
On June 26, 2024, Mr. Eric D. Mullins resigned as a member of the Board of Directors (the “Board”) of ConocoPhillips.
Max materiality 0.90 · Median 0.70 · Most common event earnings