ConocoPhillips reports fourth-quarter and full-year 2023 results, 123% preliminary reserve replacement ratio; announces 2024 guidance and planned return of capital of $9B; declares quarterly ordinary

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Go back to ConocoPhillips reports fourth-quarter and full-year 2023 results, 123% preliminary reserve replacement ratio; announces 2024 guidance and planned return of capital of $9B; declares quarterly ordinary

Roth/MKM Continues to like ConocoPhillips (COP)

February 8, 2024 2:18 PM EST

Roth/MKM analyst Leo Mariani reiterated a Buy rating and $122.00 price target on ConocoPhillips (NYSE: COP).

The analyst comments "We rate COP a Buy due to its strong balance sheet, diversified assets, lower base production declines, consistent production growth, and robust returns of... More

ConocoPhillips (COP) tops Q4 earnings estimates

February 8, 2024 8:05 AM EST

ConocoPhillips (NYSE: COP) shares edged slightly higher premarket on Thursday after the company's latest quarterly earnings revealed profit came in above consensus expectations.

The company reported Q4 EPS of $2.40, $0.30 better than the analyst estimate of $2.10.

During 2023, ConocoPhillips noted that it "continued to demonstrate... More