A post by @FirstSquawk on X.
ConocoPhillips Q3 Earnings:
@FirstSquawk on X
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ConocoPhillips reported third-quarter adjusted EPS of $3.27, beating the $3.04 estimate, on adjusted net income of $3.9 billion versus $3.64 billion expected. Production came in at 2,302 MBOED and cash flow from operations reached $7.20 billion, topping the $6.88 billion consensus. The company guided fourth-quarter production to 2.32–2.36 million BOE/D, with the midpoint below the 2.36 million estimate, and raised its ordinary dividend by 11%. The beat on earnings and cash flow alongside the dividend increase signals continued capital returns strength, while the softer Q4 output outlook is the key item to watch.
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