Conoco Phillips

NYSE:COP   10:15:10 AM EDT
+1.31 (+1.37%)
Other Pre-Announcement

ConocoPhillips Reports Fourth-Quarter And Full-Year 2022 Results

Published: 02/02/2023 13:16 GMT
Conoco Phillips (COP) - Reports Fourth-quarter, Full-year 2022 Results and 176% Preliminary Reserve Replacement Ratio; Announces 2023 Guidance and Planned Return of Capital of $11 Billion; Declares Quarterly Dividend and Variable Return of Cash Distribution.
Announced Its 2023 Planned Return of Capital to Shareholders of $11's 2023 Total Capital Expenditure Guidance is $10.7 to $11.3 Billion.
Qtrly Earnings per Share $2.61.
Now Reviewing Bureau of Land Management's Final Supplemental Environmental Impact Statement for Willow Project.
Qtrly Adjusted Earnings per Share $'s 2023 Production Guidance is 1.76 to 1.80 Million Barrels of Oil Equivalent per Day.
First-quarter 2023 Production is Expected to Be 1.72 Mmboed to 1.76 Mmboed.
Guidance for 2023 Includes Adjusted Operating Cost of $8.2 Billion.
Q4 Earnings per Share View $2.81 -- Refinitiv Ibes Data (analyst estimates).
Production for Q4 of 2022 Was 1,758 Mboed, an Increase of 150 Mboed From Same Period a Year Ago.