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 June 30, 2025 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) Delaware 01- ...

Second-Quarter 2025 Detailed Supplemental Information | | | | 2024 | | | | 2025 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Full Year | 1st Qtr | 2nd Qtr | 3rd Qtr 4th Qtr | YTD | | $ Millions, Except as Indicated | | | | | | | | | | | CONSOLIDATED INCOME STATEMENT | | | | | | | | | | | Revenues and Other Income | | | | | | | | | | | Sales and other operating revenues | 13,848 | 13,620 | 13,041 | 14,236 | 54,745 | 16,517 | 14,004 | | 30,521 ...

Core Viewpoint - Analysts project that ConocoPhillips (COP) will report quarterly earnings of $1.36 per share, reflecting a year-over-year decline of 31.3%, while revenues are expected to reach $14.93 billion, an increase of 5.6% from the same quarter last year [1]. Earnings Estimates - Over the past 30 days, the consensus EPS estimate has been revised upward by 12.8%, indicating a collective reassessment by analysts of their initial forecasts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Revenue Projections - Analysts estimate that 'Revenues- Sales and other operating revenues' will reach $14.68 billion, representing a 7.8% increase from the prior-year quarter [5]. - The projected 'Revenues- Equity in earnings of affiliates' is estimated at $259.20 million, indicating a decline of 35.7% from the year-ago quarter [5]. Specific Revenue Metrics - 'Sales and Other Operating Revenue- Natural gas liquids' is projected to be $735.48 million, up 11.1% from the previous year [6]. - 'Sales and Other Operating Revenue- Natural gas' is expected to reach $1.21 billion, reflecting a 2.8% increase from the prior-year quarter [6]. - 'Sales and Other Operating Revenue- Canada' is anticipated to be $884.24 million, down 6% from the year-ago quarter [7]. - 'Sales and Other Operating Revenue- Europe, Middle East and North Africa' is projected at $1.37 billion, indicating a 5.6% increase from the prior-year quarter [7]. - 'Sales and Other Operating Revenue- Lower 48' is expected to be $9.79 billion, reflecting an 8.2% increase from the prior-year quarter [8]. Production Estimates - Total production per day is estimated to reach 2,362.71 thousand barrels of oil equivalent, compared to 1,945.00 thousand barrels of oil equivalent from the previous year [8]. - 'Natural gas liquids produced per day - Total company' is projected at 399.43 thousand barrels of oil, up from 295.00 thousand barrels of oil year-over-year [9]. - 'Crude oil produced per day - Total company' is expected to be 1,153.05 thousand barrels of oil, compared to 955.00 thousand barrels of oil from the previous year [10]. - 'Bitumen produced per day' is projected at 146.05 thousand barrels of oil, up from 133.00 thousand barrels of oil year-over-year [10]. Stock Performance - Shares of ConocoPhillips have seen a decline of 1% over the past month, contrasting with a 0.6% increase in the Zacks S&P 500 composite [10].

Key Takeaways ConocoPhillips is exposed to oil price swings due to its focus on upstream exploration and production.COP's shale assets in the Permian, Eagle Ford, and Bakken basins have breakevens near $40 per barrel.The Marathon Oil deal adds low-cost inventory near COP's U.S. assets, boosting production durability.ConocoPhillips (COP) is a leading player in the energy sector, primarily involved in exploration and production activities with a strong global presence.The company’s involvement in the upstream ...

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Core Insights - ConocoPhillips (COP) is a leading exploration and production company with significant exposure to oil and natural gas price volatility, but it possesses a strong balance sheet that allows it to endure unfavorable business conditions [1][3] - The company's debt-to-capitalization ratio stands at 26.7%, significantly lower than the industry average of 49.8%, indicating lower exposure to debt capital [2][6] - By the end of Q1 2025, COP had $7.5 billion in cash and short-term investments, along with $1 billion in long-term liquid investments, showcasing strong liquidity [2][6] - COP's A-rated balance sheet enables access to debt capital on favorable terms, even during challenging market conditions, which supports continued cash flow generation for shareholders [3][6] - In comparison, Exxon Mobil Corporation (XOM) and Chevron Corporation (CVX) also maintain healthy balance sheets with debt-to-capitalization ratios of 12.2% and 16.5%, respectively [4] Price Performance and Valuation - Over the past year, COP's shares have declined by 10.7%, which is less severe than the 18.7% decline experienced by the broader industry [5] - COP trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) ratio of 5.31X, below the industry average of 10.89X, indicating potential undervaluation [8] - The Zacks Consensus Estimate for COP's 2025 earnings has been revised upward in the past week, suggesting positive sentiment among analysts [9]

Market Overview - The market capitalization of major US stocks shows varied performance, with Oracle at 762.30 billion, Mastercard at 321.36 billion, and Visa at 770.15 billion, reflecting increases of +0.66%, +0.86%, and +0.68% respectively [3] - Exxon Mobil's market cap is 679.53 billion, with a slight decrease of -0.98%, while Johnson & Johnson and Netflix show minor changes of -0.08% and -0.05% respectively [3] - Companies like Wells Fargo and Cisco have market caps of 270.15 billion and 279.59 billion, with respective increases of +0.98% and -0.58% [3] Notable Stock Movements - T-Mobile US Inc experienced a significant increase of +6.20%, reaching a market cap of 272.19 billion [3] - General Electric and Coca-Cola saw market caps of 285.05 billion and 298.76 billion, with increases of +0.37% and +0.91% respectively [3] - Companies like Disney and Goldman Sachs have market caps of 229.06 billion and 221.80 billion, with slight changes of +0.01% and -0.60% [3] Sector Performance - The technology sector shows mixed results, with Intel at 991.05 billion, down -3.28%, while AMD increased by +2.46% to 254.92 billion [5] - The consumer goods sector is represented by companies like Procter & Gamble and Coca-Cola, with market caps of 371.68 billion and 298.76 billion, showing slight increases [3][4] - The energy sector, represented by Exxon Mobil and Chevron, shows varied performance, with Exxon down -0.98% and Chevron up +0.66% [3] Summary of Key Companies - Oracle's market cap stands at 762.30 billion, reflecting a positive trend [3] - Mastercard and Visa show strong performance with market caps of 321.36 billion and 770.15 billion, both increasing [3] - Companies like Pfizer and Comcast have market caps of 1579.81 billion and 1332.00 billion, with Pfizer showing minimal change and Comcast down -3.16% [4][5]

Group 1: Company Overview - Exxon Mobil Corporation (XOM) and ConocoPhillips (COP) are significant players in the energy sector, with XOM losing 1.1% and COP declining 11.8% over the past year [1] - XOM operates as an integrated energy player, engaging in both upstream and downstream activities, including exploration, production, refining, and marketing [3] - In contrast, COP focuses primarily on exploration and production, making it more susceptible to commodity price fluctuations [4] Group 2: Financial Performance and Dividends - XOM has a diversified business model that has allowed it to consistently return capital to shareholders, increasing its per-share dividend payments for 42 consecutive years at an average annual rate of 5.8% [6] - COP, while also distributing dividends, had to reduce its payout by 66% during the 2016 oil slump, indicating less reliability in its dividend payments [7] Group 3: Valuation and Market Perception - Investors appear to favor XOM over COP, as reflected in the higher enterprise value/earnings before interest, tax, depreciation, and amortization (EV/EBITDA) ratio of 6.81 for XOM compared to COP's 5.28 [5][8] - Both companies have seen upward revisions in their 2025 earnings estimates, suggesting that they are worth holding depending on an investor's risk tolerance [11] Group 4: Earnings Estimates - XOM's current earnings estimates for 2025 show a slight increase over the past week, with the current year estimate rising from 6.57 to 6.58 [12]

ConocoPhillips (COP) ended the recent trading session at $92.98, demonstrating a +2.18% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.06% for the day. On the other hand, the Dow registered a gain of 0.41%, and the technology-centric Nasdaq decreased by 0.39%. Shares of the energy company witnessed a loss of 0.77% over the previous month, beating the performance of the Oils-Energy sector with its loss of 3.71%, and underperforming the S&P 500's ga ...

ConocoPhillips is in advanced talks to sell some of its Oklahoma assets to closely held Flywheel Energy for around $1.3 billion https://t.co/3cnWySyTwT ...