Conoco Phillips

+1.39 (+2.50%)
4:00:00 PM EDT: $57.11 +0.02 (+0.04%)
Dividends, Other Pre-Announcement

Conocophillips Declares Quarterly Dividend And Intends To Begin Sales Of Cenovus Shares With Proceeds To Fund Incremental Buybacks

Published: 05/04/2021 11:18 GMT
Conoco Phillips (COP) - Reports First-quarter 2021 Results; Declares Quarterly Dividend; Announces Debt-reduction Plan and Intention to Begin Sales of Cenovus Shares With Proceeds to Fund Incremental Buybacks; Schedules Midyear Market Update.
Q1 Adjusted Earnings per Share $0.69 Excluding Items.
Q1 Earnings per Share $0.75.
Production Excluding Libya for Q1 of 2021 Was 1,488 Thousand Barrels of Oil Equivalent per Day (mboed), Increase of 210 Mboed.
Second-quarter 2021 Production Excluding Libya is Expected to Be 1.50 to 1.54 Mmboed.
Conocophillips Intends to Sell Its Cenovus Shares in Open Market Beginning in Q2 of 2021.
Plans to Reduce Gross Debt by $5 Billion Over Next Five Years.
Qtrly Total Average Realized Price Was $45.36 per Boe, 17% Higher Than $38.81 per Boe Realized in Q1 of 2020.
Q1 Earnings per Share View $0.51 -- Refinitiv Ibes Data (analyst estimates).