Following the planned acquisition of Marathon Oil Corporation (MRO) in the recent past by ConocoPhillips (COP) , the former has now announced a major layoff from its Houston facility affecting about 500 employees. The company has filed a Worker Adjustment & Retraining Notification with the Texas Workforce Commission.The company further indicated that the job status of the affected employees would be notified within a month of the close of the merger. While some of the employees will be retrained for transit ...

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 ...

ConocoPhillips (COP) is set to report third-quarter 2024 results on Oct. 31, before the opening bell.In the last reported quarter, the leading upstream energy player’s adjusted earnings of $1.98 per share missed the Zacks Consensus Estimate of $2.06 due to increased total costs and expenses.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The company beat on earnings in three of the trailing four quarters and missed once, delivering an average surprise of 4.85%. This is depicted in the ...

Wall Street expects a year-over-year decline in earnings on lower revenues when ConocoPhillips (COP) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on October 3 ...

WTI crude oil has been remarkably quiet for the past year. While the cost of a barrel is 18% cheaper than it was this time 12 months ago, the price chart reveals a consolidation pattern. Some pundits have suggested that the pastFreelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrativ ...