Conoco Phillips

NYSE:COP   3:59:57 PM EDT
104.59
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Other Pre-Announcement

Conocophillips Reports First-Quarter 2022 Results Announces Increase In Planned 2022 Return Of Capital

Published: 05/05/2022 11:19 GMT
Conoco Phillips (COP) - Reports First-quarter 2022 Results; Announces Increase in Planned 2022 Return of Capital to $10 Billion and Declares Quarterly Dividend and Variable Return of Cash Distribution.
Q1 Adjusted Earnings per Share $3.27 Excluding Items.
Q1 Earnings per Share $4.39.
Production for Q1 2022 Was 1,747 Thousand Barrels of Oil Equivalent per Day (mboed), Increase of 220 Mboed From Same Period a Year Ago.
Announced a $2 Billion Increase in Expected 2022 Returns of Capital to $10 Billion.
Q1 Earnings per Share View $3.03 -- Refinitiv Ibes Data (analyst estimates).
Second-quarter 2022 Production is Expected to Be 1.67 to 1.73 Million Barrels of Oil Equivalent per Day.
Full-year Production is Expected to Be Approximately 1.76 Mmboed.company Adjusted Its 2022 Operating Capital Guidance to $7.8 Billion Versus Prior Guidance of $7.2 Billion.
FY Production Outlook Reflects Net Reduction of About 25 Mboed From Acquisitions and Dispositions Closed As of May 5, 2022.
Adjusted Its 2022 Operating Capital Guidance to $7.8 Billion Versus Prior Guidance of $7.2 Billion.
Qtrly Total Average Realized Price Was $76.99 per Barrel of Oil Equivalent, 70% Higher Than $45.36 per Boe Realized in Q1 of 2021.