ConocoPhillips (COP) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - ConocoPhillips reported $14.74 billion in revenue for Q4 2024, a year-over-year decline of 3.7%, with EPS of $1.98 compared to $2.40 a year ago, exceeding revenue and EPS estimates by 1.82% and 4.21% respectively [1][2] Financial Performance - Total production per day was 2,183 million barrels of oil equivalent, surpassing the nine-analyst average estimate of 2,111.44 million barrels [4] - Natural gas produced per day was 3,674 million cubic feet, exceeding the eight-analyst average estimate of 3,583.96 million cubic feet [4] - Crude oil produced per day was 1,070 million barrels, slightly above the eight-analyst average estimate of 1,057.83 million barrels [4] - Natural gas liquids produced per day reached 362 million barrels, exceeding the seven-analyst average estimate of 337.17 million barrels [4] Revenue Breakdown - Sales and Other Operating Revenues from Alaska were $1.62 billion, slightly above the $1.60 billion estimate [4] - Sales and Other Operating Revenues from Lower 48 states were $9.59 billion, compared to the $9.30 billion estimate, reflecting a year-over-year decline of 3.3% [4] - Sales and Other Operating Revenues from Asia Pacific were $352 million, significantly below the $461.41 million estimate, representing a year-over-year decline of 25.6% [4] - Sales and Other Operating Revenues from Europe, Middle East, and North Africa were $1.70 billion, exceeding the $1.42 billion estimate, with a year-over-year increase of 8% [4] - Total revenues from sales and other operating revenues were $14.24 billion, above the $13.95 billion estimate, reflecting a year-over-year decline of 3.4% [4] - Equity in earnings of affiliates was $440 million, surpassing the $402.93 million estimate, with a year-over-year increase of 4.5% [4] - Sales and Other Operating Revenue from natural gas liquids was $854 million, exceeding the $690.11 million estimate, with a year-over-year increase of 30.4% [4] - Revenues from gain (loss) on dispositions were -$35 million, below the two-analyst average estimate of $24 million, representing a year-over-year change of -225% [4] Stock Performance - ConocoPhillips shares returned -9.1% over the past month, contrasting with the Zacks S&P 500 composite's +4.7% change, currently holding a Zacks Rank 3 (Hold) [3]