ConocoPhillips Q1 2024 profit slumps more than 12% to $2.55bn [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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conocophillips.com/investor-relations/investor-presentations
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Source: Yahoo! Finance
The company attributed the decline in profit to the combined effects of lower prices, elevated costs, and an increase in depreciation, depletion and amortisation expenses, despite the mitigating factors of higher production volumes and investment tax incentives. ConocoPhillips' total revenues and other income for the quarter also saw a downturn, falling to $14.47bn from $15.51bn in the first three months of 2023. The company's total production during the period under review was 1.9 million barrels of oil equivalent per day (mboe/d). In the US, the oil and gas major produced 1.04mboe/d across several key regions. This included 736,000boepd from the Permian Basin, 197,000boepd from the Eagle Ford Shale and 96,000boepd from the Bakken Formation. The company's total costs and expenses during the quarter fell from $10.95bn to $10.66bn. The company has declared an ordinary dividend of $0.58 per share, which is scheduled to be paid on 3 June 2024 to shareholders recorded by 13 M
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News
- What's Next For ConocoPhillips' Stock? [Forbes]Forbes
- ConocoPhillips (NYSE: COP) had its price target raised by analysts at Royal Bank of Canada from $135.00 to $140.00. They now have an "outperform" rating on the stock.MarketBeat
- ConocoPhillips (NYSE: COP) had its price target raised by analysts at Mizuho from $139.00 to $142.00. They now have a "neutral" rating on the stock.MarketBeat
- Insiders At ConocoPhillips Sold US$9.4m In Stock, Alluding To Potential Weakness [Yahoo! Finance]Yahoo! Finance
- Drilling Tools International Corp. (NASDAQ:DTI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
COP
Earnings
- 5/2/24 - Beat
COP
Sec Filings
- 5/16/24 - Form 8-K
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- COP's page on the SEC website