ConocoPhillips (COP) Tops Q4 EPS by 30c; intiates outlook

ConocoPhillips (NYSE: COP) reported Q4 EPS of $2.40, $0.30 better than the analyst estimate of $2.10.

OUTLOOK

The company’s 2024 total capital expenditure guidance is $11.0 to $11.5 billion.

The company’s 2024 production guidance is 1.91 to 1.95 million barrels of oil equivalent per day (MMBOED). First-quarter 2024 production is expected to be 1.88 to 1.92 MMBOED.

Guidance for 2024 includes adjusted operating cost of $8.9 to $9.1 billion, adjusted corporate segment net loss of $1.0 to $1.1 billion and depreciation, depletion and amortization of $9.4 to $9.6 billion. Guidance excludes special items.

For earnings history and earnings-related data on ConocoPhillips (COP) click here.

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