Conoco Phillips

NYSE:COP  
102.75
+2.39 (+2.38%)
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Other Pre-Announcement

ConocoPhillips Reports Increase in Planned 2022 Return of Capital to $15 Bln

Published: 08/04/2022 11:43 GMT
Conoco Phillips (COP) - Reports Second-quarter 2022 Results; Announces Increase in Planned 2022 Return of Capital to $15 Billion and Declares Quarterly Dividend and Variable Return of Cash Distribution.
Announced a $5 Billion Increase in Planned 2022 Return of Capital to $15 Billion.
Distributed $3.3 Billion to Shareholders Through a Three-tier Framework.
Announced a Quarterly Ordinary Dividend of 46 Cents per Share, Payable Sept.
1, 2022.
Announced a Fourth-quarter Vroc of $1.40 per Share, Payable Oct.
14, 2022.
Production for Q2 Was 1,692 Thousand Barrels of Oil Equivalent per Day (mboed), an Increase of 104 Mboed From Same Period a Year Ago.
Qtrly Total Average Realized Price Was $88.57 per Barrel of Oil Equivalent, 77% Higher Than $50.03 per Boe Realized in Q2 of 2021.
Qtrly Earnings per Share $3.96.
Qtrly Adjusted Earnings per Share $3.91.
Third-quarter 2022 Production is Expected to Be 1.70 to 1.76 Million Barrels of Oil Equivalent per Day.
Updated Its 2022 Adjusted Operating Cost Guidance to $7.5 Billion.
Full-year Guidance for Adjusted Corporate Segment Net Loss Has Been Lowered to $0.9 Billion.
Q2 Earnings per Share View $3.80 -- Refinitiv Ibes Data (analyst estimates).