Conoco Phillips

NYSE:COP   3:59:57 PM EDT
89.66
+2.60 (+2.99%)
4:04:54 PM EDT: $89.66 0.00 (0.00%)
Earnings Announcements

Conocophillips Announces Preliminary 2022 Capital Expenditures Budget

Published: 12/06/2021 14:14 GMT
Conoco Phillips (COP) - Conocophillips Announces Preliminary 2022 Capital Expenditures Budget; Initiates Three-tier Returns of Capital Program and Declares Quarterly Variable Cash Distribution.
Conocophillips - Planned Companywide 2022 Capital Expenditures of About $7.2 Billion.
Conocophillips - Expected 2022 Return of Capital to Shareholders of About $7 Billion, Representing About 16% Increase Versus 2021.
Conocophillips- Expected 2022 Annual Average Production of About 1.8 Mmboed, Representing Low Single-digit Percentage Underlying Growth.
Conocophillips - Initiating a Newly Authorized Quarterly Variable Return of Cash (vroc) Tier.
Conocophillips - First Vroc of $0.20 per Share Will Be Paid on Jan.
14, 2022, to Shareholders of Record As of Jan.
3, 2022.
Conocophillips - Planned 2022 Capital Includes About $0.2 Billion for Scope 1 and 2 Emissions-reduction Projects.
Revenue is expected to be $13.16 Billion
Adjusted EPS is expected to be $2.13

Next Quarter Revenue Guidance is expected to be $14.14 Billion
Next Quarter EPS Guidance is expected to be $2.19

More details on our Analysts Page.