Welcome to our dedicated page for ConocoPhillips news (Ticker: COP), a resource for investors and traders seeking the latest updates and insights on ConocoPhillips stock.
ConocoPhillips reports recurring developments for a global independent exploration and production company focused on oil and natural gas. News commonly covers quarterly operating and financial results, production from the total company and Lower 48 assets, cash from operations, capital guidance, ordinary dividends, and share repurchases.
Company updates also describe portfolio activity across oil, gas, and LNG, including commercial LNG offtake strategy and international operating interests. Earnings-call notices, annual guidance, and return-of-capital plans are recurring themes in COP news.
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) 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.
ConocoPhillips (NYSE: COP) has received exemptive relief from Canadian securities regulatory authorities regarding future filing requirements. This development follows the company's acquisition of Marathon Oil in November 2024, which had made ConocoPhillips subject to Canadian continuous disclosure obligations.
The granted Decision exempts ConocoPhillips from requirements under Canada's National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities. Instead, the company will provide oil and gas activity disclosures following U.S. Securities and Exchange Commission (SEC) requirements. These disclosures must be filed on www.sedarplus.ca after SEC filing.
As of December 31, 2024, ConocoPhillips operated in 14 countries with $123 billion in total assets and approximately 11,800 employees.
ConocoPhillips (NYSE: COP) reported fourth-quarter 2024 earnings of $2.3 billion ($1.90 per share), down from $3.0 billion ($2.52 per share) in Q4 2023. Full-year 2024 earnings were $9.2 billion ($7.81 per share), compared to $11.0 billion in 2023.
Key highlights include the completion of Marathon Oil acquisition, a preliminary reserve replacement ratio of 244%, and a planned 2025 return of capital target of $10 billion. The company declared a Q1 2025 dividend of $0.78 per share and provided 2025 guidance with capital expenditure of approximately $12.9 billion.
Fourth-quarter 2024 production reached 2,183 MBOED, up 281 MBOED year-over-year. The company's total average realized price was $52.37 per BOE, 10% lower than Q4 2023. Full-year 2024 production averaged 1,987 MBOED, with preliminary year-end proved reserves at 7.8 BBOE.