- Second Quarter Earnings: Conoco’s adjusted earnings per share (EPS) exceeded expectations at $1.42 compared to the anticipated $1.34.
- Adjusted Net Income: The company reported an adjusted net income of $1.79 billion, surpassing the estimated $1.73 billion.
- Production Levels: Conoco’s production for the second quarter stood at 2,391 thousand barrels of oil equivalent per day (mboed).
- Cash Flow: Cash flow from operations was $3.49 billion, slightly below the estimate of $3.82 billion.
- Oil Price: The average total realized oil price per barrel was $45.77.
- Third Quarter Production Forecast: Expected production for the third quarter ranges from 2.33 million to 2.37 million barrels of oil equivalent per day (boe/d), with the estimate being 2.36 million boe/d.
- Full-Year Production Guidance: The midpoint of full-year production guidance remains unchanged, taking into account recent dispositions.
- Tax Rate Expectation: The full-year effective tax rate is expected to be in the mid-to-high 30% range, with a deferred tax benefit of approximately $0.5 billion expected for the year.
- Analyst Recommendations: Currently, there are 28 buy ratings, 5 hold ratings, and no sell ratings for the company.
Conocophillips on Smartkarma
ConocoPhillips has been under analyst coverage on Smartkarma, with insights from Baptista Research providing a detailed outlook on the company’s performance. In their report titled “ConocoPhillips: Will Its Investments In Long-Cycle Projects Pay Off?“, Baptista Research highlights the company’s first quarter 2025 results, pointing out strengths like strong operational performance and effective cost management, alongside challenges such as softer oil prices and global market uncertainties. The analysis focuses on evaluating factors influencing the company’s future price through a Discounted Cash Flow (DCF) methodology.
In another report by Baptista Research titled “ConocoPhillips: Willow Project & Alaska Opportunities Powering Our Optimism!“, the focus shifts to the company’s fourth quarter 2024 results. The report acknowledges a mixed financial and operational landscape, with highlights including a 4% year-over-year production growth, a commendable organic reserve replacement ratio, and synergies expected from the acquisition of Marathon in late 2024. These insights paint a comprehensive picture of ConocoPhillips’ performance and potential in the market.
A look at Conocophillips Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
ConocoPhillips, a global player in the energy sector, has garnered a solid overall outlook according to Smartkarma’s Smart Scores. With a respectable score in Dividend and Resilience, the company demonstrates strength in providing returns to its investors and withstanding market uncertainties. While the Value and Growth scores suggest there is room for improvement in these areas, the company’s Momentum score indicates a steady performance trajectory.
ConocoPhillips stands out for its operations in exploring, producing, and marketing a range of energy products globally. As a company deeply entrenched in the oil and gas industry, ConocoPhillips’ strong emphasis on resilience and dividends positions it as a stable investment option in the long term, despite potential growth challenges.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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