ConocoPhillips Earnings Top $5 Billion in Latest Blowout Quarter for Oil Majors

Tiger Newspress2022-08-04

ConocoPhillips $(COP)$ shares rose 3.4% in premarket trades Thursday after it said its second-quarter earnings more than doubled to $5.1 billion, or $3.96 per share, up from $2.1 billion, or $1.55 a share, in the year-ago quarter.

Excluding items, adjusted earnings were $3.91 a share in the latest quarter. The company beat the profit target of $3.86 a share, according to FactSet estimates.

ConocoPhillips said it is adding $5 billion to its planned 2022 return of capital to bring the total to $15 billion. The oil company will pay both a third-quarter ordinary dividend of 46 cents per share and a fourth-quarter variable return of cash payment of $1.40 per share.

Second-quarter production increased by 104 thousand barrels of oil equivalent per day (MBOED) to 1,692 MBOED, below the Wall Street target of 1,703.2 MBOED. The company said it expects third-quarter production of 1.7 to 1.76 million MBOED, compared to the Wall Street estimate of 1,743.6 MBOED.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2256897681?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-04 19:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2256897681","market":"us","top_or_hot":-1,"title":"ConocoPhillips Earnings Top $5 Billion in Latest Blowout Quarter for Oil Majors","media":"Tiger Newspress","content":"<p>ConocoPhillips <a href=\"https://laohu8.com/S/COP\">$(COP)$</a> shares rose 3.4% in premarket trades Thursday after it said its second-quarter earnings more than doubled to $5.1 billion, or $3.96 per share, up from $2.1 billion, or $1.55 a share, in the year-ago quarter.</p><p><img src=\"https://static.tigerbbs.com/1d4f992dd79317e7dcdec04b9f794bdd\" tg-width=\"839\" tg-height=\"675\" referrerpolicy=\"no-referrer\"></p><p>Excluding items, adjusted earnings were $3.91 a share in the latest quarter. The company beat the profit target of $3.86 a share, according to FactSet estimates.</p><p>ConocoPhillips said it is adding $5 billion to its planned 2022 return of capital to bring the total to $15 billion. The oil company will pay both a third-quarter ordinary dividend of 46 cents per share and a fourth-quarter variable return of cash  payment of $1.40 per share.</p><p>Second-quarter production increased by 104 thousand barrels of oil equivalent per day (MBOED) to 1,692 MBOED, below the Wall Street target of 1,703.2 MBOED. The company said it expects third-quarter production of 1.7 to 1.76 million MBOED, compared to the Wall Street estimate of 1,743.6 MBOED.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ConocoPhillips Earnings Top $5 Billion in Latest Blowout Quarter for Oil Majors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConocoPhillips Earnings Top $5 Billion in Latest Blowout Quarter for Oil Majors\n</h2>\n\n<h4 class=\"meta\">\n\n2022-08-04 19:23 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ConocoPhillips $(COP)$ shares rose 3.4% in premarket trades Thursday after it said its second-quarter earnings more than doubled to $5.1 billion, or $3.96 per share, up from $2.1 billion, or $1.55 a ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"COP","symbol_name":"康菲石油","start_time":0,"source_url":"","article_id":"2256897681","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2256897681","pubTimestamp":1659612188,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"ConocoPhillips $(COP)$ shares rose 3.4% in premarket trades Thursday after it said its second-quarte","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"COP":"康菲石油"},"translate_title":"康菲石油在石油巨头最近一个井喷季度的收入超过50亿美元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"COP":1},"content_text":"ConocoPhillips $(COP)$ shares rose 3.4% in premarket trades Thursday after it said its second-quarter earnings more than doubled to $5.1 billion, or $3.96 per share, up from $2.1 billion, or $1.55 a share, in the year-ago quarter.Excluding items, adjusted earnings were $3.91 a share in the latest quarter. The company beat the profit target of $3.86 a share, according to FactSet estimates.ConocoPhillips said it is adding $5 billion to its planned 2022 return of capital to bring the total to $15 billion. The oil company will pay both a third-quarter ordinary dividend of 46 cents per share and a fourth-quarter variable return of cash  payment of $1.40 per share.Second-quarter production increased by 104 thousand barrels of oil equivalent per day (MBOED) to 1,692 MBOED, below the Wall Street target of 1,703.2 MBOED. The company said it expects third-quarter production of 1.7 to 1.76 million MBOED, compared to the Wall Street estimate of 1,743.6 MBOED.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":10,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2256897681"}