ConocoPhillips (COP) reported fourth-quarter 2024 adjusted earnings per share of $1.98, which beat the Zacks Consensus Estimate of $1.89. The bottom line, however, decreased from the prior-year level of $2.40.One of the world’s leading independent oil and gas producers, headquartered in Houston, TX, ConocoPhillips’ quarterly revenues of $14.74 billion decreased from $15.31 billion in the year-ago period. The top line beat the Zacks Consensus Estimate of $14.68 billion.Find the latest EPS estimates and surpr ...

ConocoPhillips (COP) came out with quarterly earnings of $1.98 per share, beating the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $2.40 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.21%. A quarter ago, it was expected that this energy company would post earnings of $1.68 per share when it actually produced earnings of $1.78, delivering a surprise of 5.95%.Over the last four quarters, the compa ...

| | | | 2023 | | | | | 2024 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 1st Qtr | 2nd Qtr 3rd Qtr | | 4th Qtr | Full Year | 1st Qtr | 2nd Qtr | 3rd Qtr | 4th Qtr | Full Year | | EFFECTIVE INCOME TAX RATES | | | | | | | | | | | | Alaska* | 26.7 % | 27.0 % | 26.1 % | 26.4 % | 26.5 % | 26.1 % | 27.4 % | 27.6 % | 25.4 % | 26.6 % | | Lower 48 | 22.1 % | 22.2 % | 21.1 % | 20.4 % | 21.4 % | 21.8 % | 22.6 % | 21.9 % | 21.9 % | 22.0 % | | Canada | 21.9 % | 26.6 % (48.6)% | | 29.5 % ...

ConocoPhillips (NYSE: COP ) is a solid, blue-chip US energy sector stalwart. But that alone is not enough for me to be attracted to it here. I owned it for much of last year, settling for a modest loss for my efforts, exiting in two parts, atI'm Rob Isbitts, founder of Sungarden Investment Publishing. I run the new investing group Sungarden YARP Portfolio, a community dedicated to navigating the modern investment climate with humility, discipline, and a non-traditional approach to income investing. I've bee ...

Analysts on Wall Street project that ConocoPhillips (COP) will announce quarterly earnings of $1.89 per share in its forthcoming report, representing a decline of 21.3% year over year. Revenues are projected to reach $14.47 billion, declining 5.4% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 15% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this t ...

ConocoPhillips (COP) is set to report fourth-quarter 2024 results on Feb. 6, before the opening bell.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for fourth-quarter earnings is pegged at $1.89 per share, implying a decline of 21.3% from the year-ago reported number. Three analysts revised the estimate downward in the past 30 days against three upward movements. The Zacks Consensus Estimate for quarterly revenues is currently pegged at $14.5 billion, sug ...

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for ConocoPhillips due to lower revenues, with a focus on how actual results will compare to estimates to influence stock price movements [1][2]. Earnings Expectations - ConocoPhillips is expected to report quarterly earnings of $1.89 per share, reflecting a year-over-year decrease of 21.3% [3]. - Revenue projections stand at $14.68 billion, down 4.1% from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 14.96% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for ConocoPhillips is lower than the Zacks Consensus Estimate, leading to an Earnings ESP of -1.77%, suggesting a bearish outlook from analysts [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank of 1, 2, or 3 [8]. - ConocoPhillips currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [11]. Historical Performance - In the last reported quarter, ConocoPhillips exceeded the expected earnings of $1.68 per share by delivering $1.78, resulting in a surprise of +5.95% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Conclusion - While ConocoPhillips may not be a compelling candidate for an earnings beat, investors should consider other factors influencing stock performance ahead of the earnings release [16].

Group 1: Company Performance - ConocoPhillips (COP) has declined 5.4% over the past year, underperforming the industry composite stocks which gained 18.3% [1] - The company's downward trend may reflect analysts' expectations of declining crude oil prices in 2025 and 2026 [1] Group 2: Recent Acquisitions - ConocoPhillips completed the acquisition of Marathon Oil, broadening its Lower 48 portfolio and expanding its presence in low-cost U.S. basins, adding over 2 billion barrels of resources [5] - The company anticipates achieving annual savings exceeding $1 billion from the integration of operations within the next 12 months [6] Group 3: Financial Position - ConocoPhillips maintains a total debt-to-capitalization ratio of almost 27%, lower than the industry average of 31.1%, indicating a stronger balance sheet compared to peers [8] - The robust financial position will help the company navigate periods of low crude prices [8] Group 4: Market Outlook - The U.S. Energy Information Administration projects that global oil production will exceed demand, likely putting downward pressure on oil prices and affecting revenues for oil producers like ConocoPhillips [10] - As a predominantly upstream-focused company, ConocoPhillips is more vulnerable to oil price volatility compared to diversified energy giants [11] Group 5: Valuation - ConocoPhillips' shares are considered somewhat expensive on a relative basis, with a trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization of 5.11X, which is a premium to the broader energy sector average of 4.41X [12]

Core Viewpoint - The oil market is expected to face geopolitical risks in 2024, particularly related to Russia and Iran, which may lead to increased crude prices and potential rallies in oil stocks [1] Group 1: Oil Market Overview - Last year saw healthy demand and tight OPEC supplies, stabilizing oil prices [1] - Geopolitical risks in 2024 could disrupt this stability, impacting crude prices [1] Group 2: Top Oil Stocks - Investors are encouraged to consider Chevron, ConocoPhillips, and Occidental Petroleum as top oil stock picks for the year [2] Group 3: Chevron Analysis - Chevron's integrated business model provides diversification across upstream, midstream, and downstream operations, mitigating volatility [4] - The company maintains a strong balance sheet with a debt-to-equity ratio of 0.17, allowing it to manage downturns effectively [5] - Chevron has a 37-year history of annual dividend increases, currently offering a 4% dividend yield, appealing to conservative investors [6] Group 4: ConocoPhillips Analysis - ConocoPhillips has a resource base of 20 billion barrels of oil equivalent (BOE) with an average supply cost of $32 per barrel, enabling strong cash flow generation [7] - The company generated $14.9 billion in cash flow from operations in the first nine months of last year, with an average selling price of $55.77 per BOE [8] - Following the $22.5 billion acquisition of Marathon Oil, ConocoPhillips expects enhanced cash flow and significant cost synergies, leading to a 34% dividend increase and a rise in share repurchases from $5 billion to $7 billion [10][11] Group 5: Occidental Petroleum Analysis - Occidental Petroleum's stock has faced pressure due to lower oil prices and increased debt from a $12 billion acquisition of CrownRock [12][13] - The company has made significant progress in debt reduction, repaying $4 billion shortly after the acquisition [14] - Despite current challenges, Occidental is expected to generate cash flows to support further debt reduction and potentially higher dividends in 2025 [15]

Oil Price and Market Context - WTI crude oil price has fluctuated, reaching over $80 per barrel multiple times but currently trading in the mid-$70s [1] - The price of crude oil significantly impacts oil stocks, including ConocoPhillips [1] ConocoPhillips Financial Performance - ConocoPhillips averaged 1.9 million BOE per day in Q3 last year, selling oil at $76.77 per barrel and total output at $54.18 per BOE [2] - Generated $4.7 billion in cash from operations in Q3, used for investments, dividends ($900 million), share repurchases ($1.2 billion), and maintaining a strong balance sheet ($7.1 billion in cash and short-term investments) [2] - Through the first nine months of last year, the company generated $14.9 billion in cash from operations, covering capital expenditures ($8.8 billion), share repurchases ($3.5 billion), and dividends ($2.7 billion) [3] - Repaid $500 million of debt at maturity [3] Low-Cost Supply Advantage - ConocoPhillips has 20 billion barrels of resources with a cost of supply of $40 per barrel or lower, averaging $32 per barrel [4] - The company can generate significant cash flow even with crude prices in the $70s [4] Marathon Oil Acquisition Impact - ConocoPhillips closed a $22.5 billion acquisition of Marathon Oil, adding over 2 billion barrels of resources with an average cost of supply below $30 per barrel [5] - The acquisition is immediately accretive to cash flow from operations and free cash flow [6] - Expected to capture over $1 billion in cost and capital synergies within the first year, double the initial estimate of $500 million [6] Future Cash Return to Investors - ConocoPhillips increased its dividend by 34% and plans to deliver dividend growth in the top 25% of S&P 500 companies [7] - Plans to ramp up share repurchases from over $5 billion annually to more than $7 billion per year [7] Investment Outlook - ConocoPhillips remains a buy at sub-$80 oil due to its low-cost oil production and the added benefits from the Marathon Oil acquisition [8] - The company is well-positioned to generate significant cash flow even at lower oil prices [8]