ConocoPhillips Exceeds Q1 Profit Projections, Increases Shareholder Returns Through Strategic Growth

ConocoPhillips reported a strong first-quarter 2025 performance, exceeding profit projections with earnings of $2.8 billion, or $2.23 per share, compared to $2.6 billion and $2.15 per share last year. Adjusted earnings were $2.7 billion, or $2.09 per share, above analyst estimates and demonstrating strong operating execution in the face of a difficult macro backdrop.

Highlights of Note:

Operating cash flow was $6.1 billion, with operating cash at $5.5 billion, to fund further investment and distribution to shareholders.

The firm reduced its full-year capital spending and operating cost guidance on an adjusted basis, while holding production guidance constant, indicating prudent capital management.

Production increased to 2,389 thousand barrels of oil equivalent per day (MBOED), up 5% year-on-year after accounting for acquisitions and divestitures.

Significant operating milestones were achieved in Eagle Ford record drilling performance and the Willow project.

Noncore assets of $1.3 billion were sold by ConocoPhillips and $0.5 billion of debt were retired, further enhancing the company's balance sheet.

Shareholder returns continued to be a focus, with $2.5 billion returned through $1.5 billion of share buybacks and $1.0 billion of dividends. The company paid a second-quarter ordinary dividend of $0.78 per share, payable June 2, 2025.

CEO Ryan Lance highlighted ConocoPhillips' competitive advantage from its diversified portfolio and disciplined capital management, setting the company up for resilience and growth in an uncertain energy environment.

Source: Business Wire, Forbes, Nasdaq
 

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