ConocoPhillips(COP) - 2025 Q1 - Earnings Call Presentation

Financial Performance - ConocoPhillips reported adjusted earnings of $2.7 billion, or $2.09 adjusted EPS for 1Q25[6, 10] - The company generated $5.5 billion in CFO and $2.1 billion in FCF, with an ending cash balance of $7.5 billion[6] - $2.5 billion was distributed to shareholders through $1.5 billion in share repurchases and $1.0 billion in ordinary dividends[6] Operational Highlights - Total company production was 2,389 MBOED, with Lower 48 production at 1,462 MBOED[8] - Completed $1.3 billion in noncore Lower 48 asset sales[6] Segment Performance - Lower 48 adjusted earnings were $1.697 billion in 1Q25[12] - Alaska adjusted earnings were $269 million in 1Q25[12] - Canada adjusted earnings were $256 million in 1Q25[12] Guidance - Full-year production guidance remains unchanged at 2.34 – 2.38 MMBOED[6, 24] - Full-year adjusted operating costs are guided to be $10.7B - $10.9B[24] - Full-year capital expenditures are expected to be $12.3B - $12.6B[24]