ConocoPhillips reports Q3 profit beat on higher output, hikes share buyback [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
conocophillips.com/investor-relations/investor-presentations
Company Research
Source: Yahoo! Finance
benefits of higher production, sending its shares rising 2.6% at $105.5 in premarket trading. Commodity price volatility has been in focus in the past few months, driven by several factors including the escalating conflict in the Middle East, weak China demand, rate decisions by the U.S. Federal Reserve and OPEC actions. Benchmark Brent crude averaged $78.3 a barrel in the reported quarter, nearly 9% lower than last year, but still favorable enough for oil and gas producers to drill profitably. Production for the quarter stood at 1.92 million barrels of oil equivalent per day, up 6% from 1.8 million boepd in the year-ago quarter. The company increased its existing share repurchase authorization by up to $20 billion and reiterated its $9 billion minimum shareholder return for 2024. The beat comes as ConocoPhillips is waiting to close its $22.5-billion takeover of rival Marathon Oil. The deal, which was approved by Marathon shareholders in August, is still under U.S. Federal T
Show less
Read more
Impact Snapshot
Event Time:
COP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
COP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
COP alerts
High impacting ConocoPhillips news events
Weekly update
A roundup of the hottest topics
COP
News
- Natural gas flares sparked 2 wildfires in North Dakota, state agency says [Yahoo! Finance Canada]Yahoo! Finance Canada
- Natural gas flares sparked 2 wildfires in North Dakota, state agency says [Yahoo! Finance]Yahoo! Finance
- Should You Invest in the iShares U.S. Oil & Gas Exploration & Production ETF (IEO)? [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips Insiders Sell US$10m Of Stock, Possibly Signalling Caution [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (COP) Makes It On UBS' List Of Stocks For The AI, Growth & Low Rates Era [Yahoo! Finance]Yahoo! Finance
COP
Earnings
- 10/31/24 - Beat
COP
Sec Filings
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- 10/31/24 - Form 10-Q
- COP's page on the SEC website