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Mar 31, 2024
ConocoPhillips Q1 2024 Earnings Report
ConocoPhillips reported strong Q1 2024 earnings, driven by focused execution and strategic planning.
Key Takeaways
ConocoPhillips reported first-quarter 2024 earnings of $2.6 billion, or $2.15 per share, compared to $2.9 billion, or $2.38 per share, in the first quarter of 2023. Adjusted earnings were $2.4 billion, or $2.03 per share. The company delivered total production of 1,902 MBOED and generated $5.0 billion in cash from operating activities.
Reported earnings per share of $2.15 and adjusted earnings per share of $2.03.
Generated cash provided by operating activities of $5.0 billion and CFO of $5.1 billion.
Delivered total company production of 1,902 thousand barrels of oil equivalent per day (MBOED).
Distributed $2.2 billion to shareholders through dividends and share repurchases.
Forward Guidance
Second-quarter 2024 production is expected to be 1.91 to 1.95 million barrels of oil equivalent per day. All full-year guidance items remain unchanged.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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