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Dec 31, 2022
ConocoPhillips Q4 2022 Earnings Report
Reported strong fourth-quarter results driven by higher volumes and improved realized prices.
Key Takeaways
ConocoPhillips reported Q4 2022 earnings of $3.2 billion, or $2.61 per share, compared to $2.6 billion, or $1.98 per share in Q4 2021. Adjusted earnings were $3.4 billion, or $2.71 per share, compared to $3.0 billion, or $2.27 per share in the same period last year. Production for the fourth quarter of 2022 was 1,758 MBOED.
Fourth-quarter earnings were $3.2 billion, or $2.61 per share.
Adjusted earnings were $3.4 billion, or $2.71 per share.
Production for the fourth quarter of 2022 was 1,758 MBOED.
Realized price was $71.05 per barrel of oil equivalent.
Forward Guidance
The company’s 2023 production guidance is 1.76 to 1.80 million barrels of oil equivalent per day (MMBOED). First-quarter 2023 production is expected to be 1.72 MMBOED to 1.76 MMBOED, which includes 35 MBOED of turnaround and stabilizer expansion in Eagle Ford. Guidance for 2023 includes adjusted operating cost of $8.2 billion; adjusted corporate segment net loss of $0.9 billion and DD&A of $8.1 billion.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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