ConocoPhillips is very optimistic about what's ahead.ConocoPhillips (COP -1.55%) is firing on all cylinders these days. The oil giant's legacy business is performing extremely well. Meanwhile, the company is about to get a big boost from closing its needle-moving acquisition of Marathon Oil (MRO -1.55%). Those factors are giving the oil stock the confidence to return a lot more cash to its shareholders. It's boosting its dividend and share repurchase program.Drilling down into ConocoPhillips' third-quarter ...

Analysts expressed views on ConocoPhillips' COP mixed third-quarter results. On Thursday, ConocoPhillips reported an adjusted EPS of $1.78, beating estimates; revenue of $13.6 billion vs. $14 billion expected. The company boosted its quarterly dividend by 34% to $0.78/share. The company raised the outlook for FY24 production to 1.94-1.95 MMBOED (from 1.93 to 1.94 MMBOED). Truist Securities analyst Neal Dingmann expects pro forma FCF to rise substantially due to strong organic performance and additional cash ...

ConocoPhillips (NYSE:COP) Q3 2024 Earnings Conference Call October 31, 2024 12:00 PM ET Company Particiapants Phil Gresh - Vice President, Investor Relations Ryan Lance - Chairman and CEO Bill Bullock - Executive Vice President and Chief Financial Officer Andy O’Brien - SVP of Strategy, Commercial Sustainability and Technology Nick Olds - Executive Vice President of Lower 48 Kirk Johnson - Senior Vice President of Global Operations Conference Call Participants Neil Mehta - Goldman Sachs Doug Leggate - Wolf ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission file number: 001-32395 ConocoPhillips (Exact name of registrant as specified in its charter) Delawar ...

ConocoPhillips (COP) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.68 per share. This compares to earnings of $2.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.95%. A quarter ago, it was expected that this energy company would post earnings of $2.06 per share when it actually produced earnings of $1.98, delivering a surprise of -3.88%.Over the last four quarters, the comp ...

Third-Quarter 2024 Detailed Supplemental Information Exhibit 99.2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------|----------------------|-------------------|--------------------|-----------|-------------|-----------|-----------|------------------------------|-----------| | | 1st Qtr | 2nd Qtr | 2023 \n3rd Qtr | 4th Qtr | Full Year | 1st Qtr | 2nd Qtr | 2024 \n3rd Qtr 4th Qtr | YTD | | $ Million ...

Group 1: Earnings Report Overview - ConocoPhillips (COP) is scheduled to report third-quarter 2024 results on October 31, before the market opens [1] - In the last reported quarter, COP's adjusted earnings were $1.98 per share, missing the Zacks Consensus Estimate of $2.06 due to increased costs and expenses [1] - The Zacks Consensus Estimate for third-quarter earnings per share is $1.78, reflecting an almost 18% decline from the previous year's reported number [1] - The estimated revenues for the upcoming quarter are $14.6 billion, indicating a nearly 2% reduction from the year-ago figure [1] Group 2: Market Conditions and Production Expectations - The average spot prices for West Texas Intermediate crude were $81.80 per barrel in July, $76.68 in August, and $70.24 in September, suggesting a favorable pricing environment for exploration and production [2] - Favorable commodity prices are expected to have supported COP's exploration and production activities, with total daily production predicted at 1,900 thousand barrels of oil equivalent per day (MBOE/D), indicating a 5.2% year-over-year growth [2] Group 3: Earnings Predictions and Rankings - The current model does not predict an earnings beat for ConocoPhillips, as it has an Earnings ESP of -2.97% and a Zacks Rank of 4 (Sell) [3] - A positive Earnings ESP combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) typically increases the chances of an earnings beat, which is not applicable in this case [3] Group 4: Comparisons with Other Stocks - Cheniere Energy, Inc. (LNG) has an Earnings ESP of +12.21% and a Zacks Rank of 3, with earnings expected to be $1.87 per share, suggesting a 21.1% decrease from the prior year [4] - Murphy USA Inc. (MUSA) has an Earnings ESP of +0.94% and a Zacks Rank of 3, with earnings estimated at $6.64 per share, indicating a 13.7% decrease from the previous year [4] - Sunoco LP (SUN) has an Earnings ESP of +13.44% and a Zacks Rank of 2, with earnings expected at $1.53 per share, reflecting a 48% decrease from the prior year [5]

Company Overview - ConocoPhillips (COP) is expected to report a year-over-year decline in earnings, with a projected EPS of $1.82, reflecting a decrease of 15.7% [2] - Revenues are anticipated to be $14.63 billion, down 1.6% from the same quarter last year [2] Earnings Estimates and Revisions - The consensus EPS estimate has been revised down by 7.52% over the last 30 days, indicating a bearish sentiment among analysts [3] - The Most Accurate Estimate for ConocoPhillips is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.30% [6] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a favorable Zacks Rank [5] - ConocoPhillips currently holds a Zacks Rank of 4 (Sell), complicating the prediction of an earnings beat [6] Historical Performance - In the last reported quarter, ConocoPhillips was expected to post earnings of $2.06 per share but delivered only $1.98, resulting in a surprise of -3.88% [7] - Over the past four quarters, the company has beaten consensus EPS estimates three times [7] Market Context - The overall market sentiment indicates that an earnings beat or miss may not solely dictate stock movement, as other factors can influence investor reactions [8] - ConocoPhillips does not appear to be a compelling candidate for an earnings beat, suggesting that investors should consider additional factors before making investment decisions [8]

Core Insights - WTI crude oil prices have remained stable over the past year, currently 18% lower than the same time last year, indicating a consolidation pattern in the price chart [1] Group 1: Price Trends - The price of a barrel of WTI crude oil is 18% cheaper compared to the previous year [1] Group 2: Market Analysis - Analysts have noted a consolidation pattern in the price chart of WTI crude oil, suggesting a period of stability in the market [1]

ConocoPhillips could deliver a high-octane income stream.ExxonMobil (XOM 0.38%) is among the dividend elite, having increased its payout for more than 40 straight years. The company currently offers a yield of over 3%, which is more than double the S&P 500. With more growth ahead, it's an excellent option for dividend investors. While ExxonMobil is the top dog in the oil patch, rival ConocoPhillips (COP -0.92%) is no slouch. It pays a competitive dividend (a forward yield of nearly 3%) that it expects to in ...