"ConocoPhillips beat adjusted earnings expectations in the third quarter, delivering $1.61 per share versus the $1.41 consensus. Revenue climbed to $15.52 billion, topping the $14.63 billion estimate. Yet the stock opened lower at $88.61 as investors weighed the results against a sharply lower reported EPS figure and the persistent headwind of declining oil prices. The core story here is operational strength masking commodity weakness."
"ConocoPhillips produced 2,399 thousand barrels of oil equivalent per day in Q3, up 482 MBOED year over year. That production growth is real and material. But net income fell 17.2% to $1.7 billion from $2.05 billion a year ago. Lower realized crude prices are squeezing profitability even as the company executes better on the ground. Production Gains Offset Price Pressure The Delaware Basin delivered 686 MBOED, the Eagle Ford 403 MBOED, and the Bakken 200 MBOED."
"The reported EPS of $1.38 missed the $1.41 consensus, a detail that stung despite the adjusted beat. Operating cash flow rose 2.4% to $5.9 billion, a modest gain that reflects the margin compression hitting the sector. Capital expenditures fell 1.7% to $2.87 billion, showing discipline. Yet with WTI crude trading near $60 per barrel, down 15.4% year over year, the upside from higher volumes is limited."
ConocoPhillips reported adjusted Q3 EPS of $1.61 and revenue of $15.52 billion, both above consensus, while reported EPS of $1.38 missed estimates. Production reached 2,399 thousand barrels oil equivalent per day, up 482 MBOED year over year, driven by Delaware Basin, Eagle Ford, and Bakken output. Net income declined 17.2% to $1.7 billion as lower realized crude prices and WTI near $60 per barrel compressed gross margins. Operating cash flow rose 2.4% to $5.9 billion and capital expenditures fell 1.7% to $2.87 billion. Management raised 2025 production guidance and increased the quarterly dividend 8% to $0.84.
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