ConocoPhillips Stock Price, News & Analysis

Sempra (NYSE: SRE) has announced a significant expansion of its Port Arthur LNG project through a new partnership with ConocoPhillips (NYSE: COP). The companies have signed a 20-year sale and purchase agreement (SPA) for 4 million tonnes per annum (Mtpa) of LNG offtake from the Port Arthur LNG Phase 2 development project in Texas.

The Phase 2 development will add two new liquefaction trains, increasing the facility's total capacity from 13 Mtpa to approximately 26 Mtpa. The project has secured all major permits, including FERC approval and DOE export authorization. Sempra Infrastructure has also signed a separate 20-year SPA with JERA Co. Inc. for 1.5 Mtpa of LNG offtake. The company targets making a final investment decision on Phase 2 in 2025.

ConocoPhillips (NYSE: COP) reported Q2 2025 earnings of $2.0 billion ($1.56 per share), compared to $2.3 billion ($1.98 per share) in Q2 2024. Adjusted earnings were $1.8 billion ($1.42 per share).

Key highlights include total production of 2,391 MBOED, with Lower 48 production at 1,508 MBOED. The company declared a Q3 dividend of $0.78 per share and distributed $2.2 billion to shareholders through $1.2 billion in share repurchases and $1.0 billion in dividends.

Strategic developments include completing Marathon Oil integration with $1 billion synergy target, signing a $1.3 billion Anadarko Basin asset sale, and announcing an increased disposition target of $5 billion by year-end 2026.

ConocoPhillips (NYSE: COP) has applied to cease being a reporting issuer in Canada through a joint order from the Alberta Securities Commission (ASC) and Ontario Securities Commission (OSC). If granted, the company will no longer be required to file separate reports in Canadian jurisdictions.

The company emphasizes that it will continue to file all required financial statements and disclosures in accordance with U.S. securities laws and NYSE rules. These documents will remain accessible to all shareholders, including those in Canada, through the SEC website. Canadian security holders will receive the same continuous disclosure documents delivered to U.S. shareholders, maintaining transparency and compliance with U.S. regulations.

ConocoPhillips (NYSE: COP) announced the appointment of Kathleen (Katie) McGinty to its board of directors. McGinty, who currently serves as vice president and chief sustainability and external relations officer at Johnson Controls, brings over 30 years of public and private sector experience to the role.

The appointment increases ConocoPhillips' board to 13 directors, with 11 being independent. McGinty will serve on both the Public Policy and Sustainability Committee and the Audit and Finance Committee. Her extensive background includes leadership positions at the Environmental Defense Fund, where she led the global oceans program, and service on several boards including the International Steering Committee of the World Sustainable Development Summit.

ConocoPhillips (NYSE: COP), a leading global exploration and production company, has scheduled its second-quarter 2025 earnings conference call for Thursday, August 7, 2025, at 12:00 p.m. Eastern time. The company will release its financial and operating results before the market opens on the same day.

Investors can access the webcast through ConocoPhillips' Investor Relations website. Registration is required at least 15 minutes before the start of the presentation. The event recording and transcript will be made available following the call.

ConocoPhillips (NYSE: COP) announced that Executive Vice President and CFO Bill Bullock will retire after 39 years of service, effective June 1, 2025. Andy O'Brien, currently Senior Vice President of Strategy, Commercial, Sustainability and Technology, will succeed Bullock as CFO while retaining his existing responsibilities for Strategy, Commercial and Sustainability.

Bullock, who began his career with Conoco in 1986, has held various leadership roles across the company's global portfolio before joining the executive team in 2018 and becoming CFO in 2020. Chairman and CEO Ryan Lance praised Bullock's outstanding leadership and significant contributions throughout his distinguished career.

ConocoPhillips (NYSE: COP) reported strong Q1 2025 results with earnings of $2.8 billion ($2.23 per share) and adjusted earnings of $2.7 billion ($2.09 per share). The company generated $6.1 billion in operating cash flow and achieved total production of 2,389 MBOED. Key highlights include completing $1.3 billion of noncore Lower 48 asset sales and distributing $2.5 billion to shareholders through share repurchases ($1.5B) and dividends ($1.0B). The company declared a Q2 dividend of $0.78 per share. ConocoPhillips lowered its full-year capital expenditures guidance to $12.3-12.6 billion and reduced operating cost guidance while maintaining production targets. The company's average realized price was $53.34 per BOE, down 6% year-over-year.

ConocoPhillips (NYSE: COP) has announced its upcoming first-quarter 2025 earnings conference call, scheduled for Thursday, May 8, 2025, at 12:00 p.m. Eastern time. The company will release its financial and operating results before the market opens on the same day.

As of December 31, 2024, ConocoPhillips, a leading global exploration and production company, reported key metrics including:

• Total assets of $123 billion
• Workforce of approximately 11,800 employees
• Production averaging 1,987 MBOED for 2024
• Proved reserves of 7.8 BBOE
• Operations across 14 countries

ConocoPhillips (NYSE: COP) has announced an agreement to sell its interests in the Ursa and Europa Fields and Ursa Oil Pipeline Company to Shell subsidiaries for $735 million, subject to customary closing adjustments. The transaction includes ConocoPhillips' 15.96% interest in the Ursa Field, 1% interest in the Europa Field, and an overriding royalty interest in the Ursa Field.

The assets being sold currently produce approximately 8 thousand barrels of oil equivalent per day (MBOED). The deal is expected to close by the end of Q2 2025, with an effective date of January 1, 2025. The proceeds will be used for general corporate purposes, contributing to ConocoPhillips' progress toward its $2 billion disposition target.