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ConocoPhillips reports Q2 adjusted EPS $1.42, consensus $1.36

Production for the second quarter was 2,391 MBOED. “In the second quarter, we delivered strong results financially, operationally and strategically. We completed the integration of Marathon Oil and remain on track to deliver greater than $1 billion in synergies and more than $1 billion of one-time benefits,” said Ryan Lance, chairman and chief executive officer. “And we aren’t stopping there. We are leveraging our scale and technologies to drive a further $1 billion-plus in company-wide cost reductions and margin enhancements by the end of 2026. These efforts strengthen our free cash flow generation, enabling us to continue delivering strong returns on and of capital.”

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