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Conocophillips (COP)
NYSE:COP
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.42Last Year’s EPS
1.98Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 1.00%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
ConocoPhillips demonstrated strong operational performance and cost reduction achievements in the first quarter, while successfully integrating Marathon Oil and returning significant capital to shareholders. However, the company faces challenges from a volatile macro environment, higher cash tax rates, and reduced APLNG distributions. Despite these challenges, the company's strong portfolio and execution capabilities provide resilience.Company Guidance
During the ConocoPhillips First Quarter 2025 Earnings Conference Call, the company provided updated guidance reflecting a focus on capital efficiency and cost reduction. ConocoPhillips announced a $0.5 billion reduction in capital spending and a $200 million decrease in operating costs, while maintaining their production guidance. The company generated $2.5 billion in shareholder returns for the quarter, representing 45% of its cash flow from operations (CFO), aligning with their long-term distribution framework. The first quarter saw production of 2.389 million barrels of oil equivalent per day, with significant contributions from the Permian, Eagle Ford, and Bakken regions. For full-year 2025, capital expenditures are projected to be between $12.3 billion and $12.6 billion, down from the prior guidance of approximately $12.9 billion. Additionally, the company anticipates full-year adjusted operating costs to range between $10.7 billion and $10.9 billion. The call also noted a change in leadership, with Bill Bullock retiring and Andy O'Brien stepping in as Chief Financial Officer.Strong Production Performance
ConocoPhillips produced 2.389 million barrels of oil equivalent per day, exceeding the high end of their production guidance for the quarter. Lower 48 production averaged 1.462 million barrels per day.
Cost Reduction Achievements
The company announced a $0.5 billion reduction in capital spending and a $200 million reduction in operating costs, maintaining production guidance unchanged.
Successful Integration of Marathon Oil
The integration of Marathon Oil is progressing ahead of schedule, with additional opportunities to enhance capital efficiency and reduce costs being identified.
Significant Return of Capital to Shareholders
ConocoPhillips returned $2.5 billion to shareholders in the first quarter, including $1.5 billion in buybacks and $1 billion in ordinary dividends, representing 45% of CFO returned in the quarter.
Operational Milestones Achieved at Willow
The largest winter construction season at Willow was completed, achieving critical milestones and ensuring the project remains on track for first oil in 2029.
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COP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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COP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| May 08, 2025 | $87.71 | $88.82 | +1.27% |
| Feb 06, 2025 | $99.40 | $99.14 | -0.26% |
| Oct 31, 2024 | $101.44 | $107.90 | +6.37% |
| Aug 01, 2024 | $108.75 | $106.00 | -2.53% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Conocophillips (COP) report earnings?
Conocophillips (COP) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Conocophillips (COP) earnings time?
Conocophillips (COP) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COP EPS forecast?
COP EPS forecast for the fiscal quarter 2025 (Q2) is 1.42.
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