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Financial Performance - Total revenues for 2024 reached $56,953 million, with Q4 alone contributing $14,737 million, showing a year-over-year increase[1] - Net income for 2024 was $9,245 million, with Q4 net income at $2,306 million, reflecting a solid performance despite fluctuations in quarterly earnings[1] - The company reported adjusted earnings of $9,224 million for 2024, with Q1 2025 adjusted earnings at $2,679 million, demonstrating consistent profitability[3] - The company reported a basic net income per share of $7.82 for 2024, with Q1 2025 showing a basic net income per share of $2.23[1] - Net income for 2024 was $9,245 million, with a net income of $2,849 million reported in Q1 2025[7] Taxation - The effective income tax rate for the consolidated entity was 32.4% for the full year 2024, with a notable increase to 36.2% in Q1 2025[2] - The effective income tax rate in the Asia Pacific region was 10.9% for the full year 2024, with a slight increase to 17.1% in Q1 2025[4] Costs and Expenses - The total costs and expenses for 2024 were $43,281 million, with Q4 expenses amounting to $11,767 million, highlighting cost management efforts[1] - The company incurred transaction and integration expenses of $37 million in Q1 2025, down from $499 million in Q4 2024, indicating a reduction of 92.6%[5] - The company reported total DD&A expenses of $9,599 million for 2024, with $2,746 million in the first quarter of 2025[9] - Corporate G&A expenses totaled $716 million for the full year 2024, with $110 million in Q1 2025[12] Regional Performance - Earnings from the Lower 48 segment totaled $5,175 million for 2024, with Q1 2025 earnings at $1,790 million, indicating strong regional performance[3] - The Asia Pacific segment generated earnings of $1,724 million for 2024, with Q1 2025 earnings at $311 million, reflecting regional market dynamics[3] - The company reported a total of $93 million in income for the Lower 48 region in Q1 2025, a significant increase from a loss of $4 million in Q4 2024[5] Assets and Liabilities - Total assets increased to $124.254 billion in Q1 2025, up from $122.780 billion in Q4 2024, reflecting a growth of 1.2%[6] - Total liabilities increased to $59.016 billion in Q1 2025, up from $57.984 billion in Q4 2024, representing a growth of 1.8%[6] - Total equity increased to $65.238 billion in Q1 2025, up from $64.796 billion in Q4 2024, representing a growth of 0.7%[6] - Retained earnings reached $66.721 billion in Q1 2025, an increase from $64.869 billion in Q4 2024, reflecting a growth of 2.8%[6] Production and Capital Expenditures - Total capital expenditures and investments for 2024 amounted to $12,118 million, with $3,378 million in Q1 2025[7] - Total production in MBOED for Q1 2025 reached 2,389, an increase from 1,902 in Q1 2024[8] - Consolidated operations crude oil production in Q1 2025 was 1,153 MBD, up from 944 MBD in Q1 2024[8] - Natural gas production in Q1 2025 was 2,840 MMCFD, an increase from 2,035 MMCFD in Q1 2024[8] - The company’s total production for the first quarter of 2025 is projected to be 1,166 MBD, an increase from 982 MBD in the full year of 2024[10] Cash Flow - The company reported a net cash provided by operating activities of $20,124 million for 2024, with $6,115 million in Q1 2025[7] - The company experienced a net cash used in financing activities of $3,137 million in Q1 2025[7] Exploration Expenses - Total exploration expenses for 2024 are projected to be $355 million, with $117 million incurred in the first quarter[9] - U.S. exploration expenses for 2024 totaled $158 million, with $42 million in the first quarter of 2025[9] - International exploration expenses for 2024 were $197 million, with $75 million in the first quarter of 2025[9] Pricing - Average realized price for total production in Q1 2025 was $53.34 per BOE, compared to $56.60 in Q1 2024[8] - Average realized price for crude oil in total consolidated operations was $76.74 per barrel for the full year 2024, down from $78.67 in Q1 2024[11] - Average realized price for NGL in Q1 2025 was $24.86 per BBL, compared to $23.35 in Q1 2024[8] - Average realized price for NGLs in total consolidated operations was $23.19 per barrel for the full year 2024, increasing to $25.40 per barrel in Q1 2025[11] - The average realized price for bitumen in Canada was $47.92 per barrel for the full year 2024, with a slight decrease to $45.29 per barrel in Q1 2025[11] - The average realized price for natural gas in Norway reached $14.86 per MCF in Q1 2025, compared to $11.11 per MCF for the full year 2024[11] - Natural gas price for total consolidated operations increased to $4.76 per MCF in Q1 2025, compared to $2.61 per MCF for the full year 2024[11] Debt and Interest - Total debt stood at $24.324 billion at the end of Q4 2024, with a debt-to-capital ratio maintained at 27%[12] - Net interest expense for corporate and other was $389 million for the full year 2024, with $131 million in Q1 2025[12] Corporate Earnings - Corporate and other earnings reported a loss of $880 million for the full year 2024, with a loss of $256 million in Q1 2025[12]

Core Viewpoint - ConocoPhillips (COP) is expected to report quarterly earnings of $1.99 per share, a 2% decline year-over-year, with revenues projected at $16.37 billion, reflecting a 13.1% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 19.1% over the past 30 days, indicating a reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Revenues - Sales and other operating revenues' to be $15.85 billion, indicating a year-over-year increase of 14.4% [5]. - 'Revenues - Equity in earnings of affiliates' is expected to be $325.20 million, reflecting a decline of 22.8% from the prior year [5]. Sales and Operating Revenue Estimates - 'Sales and Other Operating Revenue - Natural gas liquids' is projected to reach $784.31 million, a 15.3% increase year-over-year [6]. - 'Sales and Other Operating Revenue - Natural gas' is expected to be $1.74 billion, indicating a decline of 7.6% from the previous year [6]. - 'Sales and Other Operating Revenues - Canada' is estimated at $993.19 million, a 6.1% increase year-over-year [7]. - 'Sales and Other Operating Revenues - Europe, Middle East and North Africa' is projected to be $1.61 billion, reflecting a 10.8% increase [7]. - 'Sales and Other Operating Revenues - Lower 48' is expected to reach $10.63 billion, indicating a 14.2% increase year-over-year [8]. Production Estimates - 'Natural gas liquids produced per day - Total company' is projected at 394.54 million barrels of oil, up from 279 million barrels in the same quarter last year [8]. - 'Natural gas produced per day - Total company' is expected to reach 4,038.14 million cubic feet, compared to 3,302 million cubic feet in the previous year [9]. - 'Total Production per day' is forecasted at 2,362.51 million barrels of oil equivalent, up from 1,902 million barrels in the same quarter last year [9]. - 'Crude oil produced per day - Total company' is estimated at 1,192.17 million barrels of oil, compared to 944 million barrels in the same quarter last year [10]. Price Estimates - The consensus estimate for 'Average Sales Price - Natural gas - Total company' is $5.28, compared to $5.02 in the same quarter last year [10]. Stock Performance - Over the past month, ConocoPhillips shares have returned +2.3%, while the Zacks S&P 500 composite has changed by +11.5% [12].

ConocoPhillips (COP) is set to report first-quarter 2025 results on May 8, before the opening bell. The Zacks Consensus Estimate for first-quarter earnings is pegged at $1.99 per share, implying a decline of 2% from the year-ago reported number. Two analysts revised the estimate upward in the past seven days. The Zacks Consensus Estimate for quarterly revenues is currently pegged at $16.4 billion, suggesting an improvement of 13.1% from the year-ago actuals. Image Source: Zacks Investment Research COP beat ...

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The first quarter of 2025 earnings season is underway, and investors are closely watching the oil/energy sector amid continued macroeconomic uncertainty and commodity price volatility. Despite sector-wide challenges, a few energy companies appear well-positioned to post earnings surprises, potentially lifting their stock prices in the near term. Sector Snapshot: Mixed Signals From Commodity MarketsOil prices weakened in first-quarter 2025, with West Texas Intermediate crude averaging $71.84 per barrel, down ...

Economic Overview - The U.S. GDP declined at an annualized rate of 0.3% in Q1 2025, disappointing economists who had forecasted a growth of 0.4% [1] - Concerns about a slowdown in the economy are negatively impacting oil and gas stocks, with WTI crude oil prices down 1.4% to approximately $59.50 per barrel and Brent crude also down 1.4% to about $63.30 [2] Stock Performance - ConocoPhillips stock decreased by 2% and Chevron by 2.2%, while Cheniere Energy experienced a more significant drop of 3.6% [3] - The U.S. Energy Information Administration reported a decrease in crude inventories by 2.7 million barrels, which contrasts with a previous report indicating an increase [4] Market Dynamics - The conflicting reports on crude supply are leading investors to focus on the GDP report, assuming that a shrinking economy will reduce oil demand and weaken future prices [5] - Wolfe Research downgraded Cheniere Energy to "peer perform," citing concerns over increased competition in the LNG market, which is contributing to its stock's poor performance [6] Investment Insights - The oil and gas industry is cyclical, characterized by cycles of undersupply and oversupply, necessitating a long-term investment perspective [7] - Among the stocks analyzed, Chevron appears to be the most attractive option, with a total return ratio of just over 1.0, a 4.9% dividend yield, and an expected growth rate of nearly 8% annually over the next five years [8][9] - ConocoPhillips has a lower P/E ratio than Chevron but offers a lower dividend yield of 3.4% and a growth rate of 6% [9] - Cheniere Energy is deemed unattractive, with a high P/E ratio of nearly 17, a low dividend yield of 0.8%, and expected earnings to decline over the next three years [9][10]

An analyst's recommendation downgrade was the event that pushed ConocoPhillips (COP -1.04%) stock down marginally on the second trading day of the week. The incumbent energy company saw its share price dip by slightly over 1% on the day; by contrast, the S&P 500 index landed in positive territory with a 0.6% increase.No longer a bullMoving closer to bear territory in terms of sentiment, Bank of America Securities's Kalei Akamine changed his ConocoPhillips recommendation to neutral from his previous buy. As ...

In the energy sector, the fate of almost all the companies is mostly tied to the prices of crude oil and natural gas. However, a billion-dollar question remains: among oil producers and natural gas explorers, which stock is better positioned in today’s business environment? To have a detailed insight, let’s have a comparative analysis of Antero Resources (AR) , a leading natural gas producer, and ConocoPhillips (COP) , whose production is primarily weighted toward oil.Global Focus on Clean-Burning Fossil Fu ...