ConocoPhillips Q4 Adj. EPS Tops Estimates; Lifts FY24 Production Guidance

RTTNews | 946 days ago
Stocktwits
ConocoPhillips Q4 Adj. EPS Tops Estimates; Lifts FY24 Production Guidance

(RTTNews) - ConocoPhillips (COP) reported Thursday that net earnings for the fourth quarter declined to $3.01 billion or $2.52 per share from $3.25 billion or $2.61 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $2.86 billion or $2.40 per share, compared to $3.38 billion, or $2.71 per share in the year-ago quarter.

On average, 22 analysts polled by Thomson Reuters expected the company to report earnings of $2.09 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues and other Income for the quarter declined to $15.31 billion from $19.26 billion in the same quarter last year. Analysts expected revenues of $15.94 billion for the quarter.

Production for the quarter was 1,902 thousand barrels of oil equivalent per day or MBOED, an increase of 144 MBOED from the same period a year ago.

After adjusting for impacts from closed acquisitions and dispositions, fourth-quarter production increased 75 MBOED or 4 percent from the same period a year ago.

Looking ahead the first quarter of fiscal 2024, the company's production is expected to be 1.88 to 1.92 million barrels of oil equivalent per day or MMBOED.

Full-year 2024 production is now expected to be 1.91 to 1.95 MMBOED, as compared to prior guidance of approximately 1.82 MMBOED.

ConocoPhillips also announced its 2024 planned return of capital to shareholders of $9 billion. The company declared an ordinary dividend of $0.58 per share and a VROC of $0.20 per share, both payable March 1, 2024, to stockholders of record at the close of business on Feb. 19, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: COP
Stocktwits
read more
ConocoPhillips Q2 Results Climb On Higher Prices; Names New CEO, CFO

ConocoPhillips Q2 Results Climb On Higher Prices; Names New CEO, CFO

Energy major ConocoPhillips reported Thursday higher profit and revenues in its second quarter, primarily due to higher prices, despite weak production. Further, the firm issued third-quarter production view, and backed fiscal 2026 outlook. Separately, the Houston-based oil and gas producer announced the appointment of current Chief Financial Officer Andy O'Brien as its next President and CEO.
RTTNews | 35 days ago
Marathon Oil To Pay $241.5 Mln In Pollution Penalties

Marathon Oil To Pay $241.5 Mln In Pollution Penalties

Marathon Oil Co., which is in deal to be bought by ConocoPhillips in $22.5 billion all-stock deal, has agreed to a settlement with the U.S. Government regulators and to pay $241.5 million in penalties over climate- and health-harming emissions in North Dakota. The settlement with the U.S. Environmental Protection Agency or EPA and Department of Justice includes largest ever civil penalty...
RTTNews | 791 days ago
IEA Cuts Oil Demand Forecast; Canadian Markets Eye Recovery

IEA Cuts Oil Demand Forecast; Canadian Markets Eye Recovery

Canadian stocks may open with positive bias Friday as oil prices decline following the International Energy Agency's downward revision of global oil demand. Investors seek bargains after six consecutive days of losses. U.S. consumer price data could impact sentiment.
RTTNews | 41 minutes ago
Canadian Dollar Falls As Oil Prices Edge Lower

Canadian Dollar Falls As Oil Prices Edge Lower

The Canadian dollar weakened against other major currencies in the European session on Friday, as the crude oil prices traded lower amid escalating U.S.-Iran tensions and concerns over prolonged disruption to global energy supplies.
RTTNews | 56 minutes ago
Kroger Q2 Profit Rises, Backs FY26 Adj. Earnings View, Cuts Sales Growth Forecast; Stock Drops

Kroger Q2 Profit Rises, Backs FY26 Adj. Earnings View, Cuts Sales Growth Forecast; Stock Drops

Supermarket chain Kroger Co. reported Friday higher profit and sales in its second quarter, while Identical Sales growth was slower than the prior year. Further, the firm maintained adjusted earnings outlook for fiscal 2026, but trimmed growth view for identical sales without fuel. In the pre-market activity on the NYSE, the shares were losing around 2.62 percent.
RTTNews | 1h 27min ago
UK Stocks Rise On GDP Growth, Oil Price Decline

UK Stocks Rise On GDP Growth, Oil Price Decline

UK stocks advanced Friday as July GDP growth of 0.4% beat expectations and oil prices tumbled following downward IEA demand revisions. The FTSE 100 reached 10,674.52, up 0.61% despite ongoing US-Iran concerns.
RTTNews | 1h 41min ago
Tools
Kalender Ekonomi
Jam pasar
Suku bunga
Kalender hari libur
Pasar Valas
Forex Volatility
Forex Correlation
Berita Forex
Analisis Forex
COT Data
Likuiditas
Kalkulator Forex
Forex Heat Map
Indikator ekonomi Konverter mata uang
Komunitas
Komunitas
Sistems
Most Popular Systems
Strategies
Kontes
Forex Charts
Forex Sentiment
Indikator Sentimen
Reviu
Pialang
Perusahaan Prop Trading
VPS Services
Signal Providers
EA Programming Services
Program Afiliasi
PAMM Broker Services
Rebate Program Services
Trading Platforms
Expert Advisors
Bursa Kripto
Kursus trading
Pelacak Portofolio Saham
Pialang
Forex Spreads
Forex Broker Quotes
Forex Broker Swaps
Forex Broker Volume
Forex Broker Promotions
Siaran Pers
Platform
Widget
Features
API
RSS
Stock Portfolio
Affiliate Software
Grafik Lanjutan
Support
FAQ
Help
Contact Us
Report a Bug!
About
Blog
© 2026 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.