ConocoPhillips reports Q1 adjusted EPS $1.89, consensus $1.69

Delivered total company and Lower 48 production of 2,309 thousand barrels of oil equivalent per day and 1,453 MBOED, respectively. “Our thoughts are with our team, partners and everyone impacted by the ongoing conflict in the Middle East,” said Ryan Lance, chairman and chief executive officer. “Amid ongoing macro volatility, ConocoPhillips (COP) delivered another quarter of strong financial and operational performance. We remain focused on delivering our value proposition: operating safely; maximizing our returns on and of capital, reiterating our objective to return 45% of CFO to shareholders this year; and driving peer-leading free cash flow growth.”