Conocophillips ( (COP) ) has released its Q1 earnings. Here is a breakdown of the information Conocophillips presented to its investors.
ConocoPhillips is a leading global exploration and production company, specializing in the responsible production of oil and gas to meet global energy demands. The company is known for its diverse portfolio and advanced technology, positioning it to deliver consistent financial results.
In its first-quarter 2025 earnings report, ConocoPhillips announced earnings of $2.8 billion, or $2.23 per share, showing an increase from the previous year’s first-quarter earnings of $2.6 billion. The company also declared a quarterly dividend of $0.78 per share, highlighting its commitment to returning capital to shareholders.
Key financial metrics from the report include cash from operations of $5.5 billion and total production of 2,389 thousand barrels of oil equivalent per day. The company achieved significant milestones, such as record drilling performance in Eagle Ford and completing major asset sales. Additionally, ConocoPhillips reduced its full-year capital expenditures and operating cost guidance while maintaining its production guidance.
ConocoPhillips continues to focus on strategic asset management and shareholder returns, distributing $2.5 billion to shareholders through dividends and share repurchases. The company also retired $0.5 billion of debt, ending the quarter with $7.5 billion in cash and short-term investments.
Looking ahead, ConocoPhillips anticipates second-quarter production to remain steady and has lowered its full-year capital expenditures and operating cost guidance. The company remains confident in its ability to navigate the volatile macro environment, leveraging its strong balance sheet and disciplined capital allocation strategy.