ConocoPhillips Q3 2024 Earnings Report
Key Takeaways
ConocoPhillips reported Q3 2024 earnings of $2.1 billion, or $1.76 per share, and adjusted earnings of $2.1 billion, or $1.78 per share. The company generated $5.8 billion in cash provided by operating activities and $4.7 billion in cash from operations. ConocoPhillips also raised its ordinary dividend by 34% to $0.78 per share and increased its share repurchase authorization by up to $20 billion.
Reported third-quarter 2024 earnings per share of $1.76 and adjusted earnings per share of $1.78.
Generated cash provided by operating activities of $5.8 billion and cash from operations (CFO) of $4.7 billion.
Raised ordinary dividend by 34% to $0.78 per share and increased existing share repurchase authorization by up to $20 billion.
Delivered total company production of 1,917 thousand barrels of oil equivalent per day (MBOED).
ConocoPhillips
ConocoPhillips
Forward Guidance
Fourth-quarter 2024 production is expected to be 1.99 to 2.03 million barrels of oil equivalent per day (MMBOED). Full-year production is expected to be approximately 1.94 to 1.95 MMBOED, as compared to prior guidance of 1.93 to 1.94 MMBOED. All other guidance remains unchanged.