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Dec 31, 2021
ConocoPhillips Q4 2021 Earnings Report
ConocoPhillips reported strong fourth-quarter earnings, driven by higher realized prices and volumes, and increased planned 2022 return of capital.
Key Takeaways
ConocoPhillips reported fourth-quarter 2021 earnings of $2.6 billion, or $1.98 per share, compared to a loss in the same quarter of the previous year. Adjusted earnings were $3.0 billion, or $2.27 per share. The company also announced an increase in the expected 2022 return of capital to shareholders.
Fourth-quarter earnings were $2.6 billion, or $1.98 per share.
Adjusted earnings were $3.0 billion, or $2.27 per share.
Production excluding Libya was 1,567 MBOED.
Increased planned 2022 return of capital to $8 billion.
ConocoPhillips
ConocoPhillips
Forward Guidance
ConocoPhillips' 2022 production guidance is 1.8 million barrels of oil equivalent per day (MMBOED), including Libya but excluding impacts from the pending Indonesia disposition and acquisition of additional APLNG shareholding interest.