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Jun 30, 2024
ConocoPhillips Q2 2024 Earnings Report
ConocoPhillips' Q2 2024 earnings were announced, showing increased earnings per share and record production.
Key Takeaways
ConocoPhillips reported Q2 2024 earnings of $2.3 billion, or $1.98 per share, compared to $2.2 billion, or $1.84 per share in Q2 2023. The company achieved record production and advanced its global LNG strategy.
Reported second-quarter 2024 earnings per share and adjusted earnings per share of $1.98.
Generated cash provided by operating activities of $4.9 billion and cash from operations (CFO) of $5.1 billion.
Declared ordinary dividend of $0.58 per share and variable return of cash (VROC) of $0.20 per share payable in the third quarter.
Delivered total company production of 1,945 MBOED.
Forward Guidance
Third-quarter 2024 production is expected to be 1.87 to 1.91 million barrels of oil equivalent per day. Full-year production is expected to be approximately 1.93 to 1.94 MMBOED.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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