ConocoPhillips Reports Fourth-Quarter and Full-Year 2025 Results; Announces 2026 Guidance and Quarterly Dividend in Oil & Companies News 06/02/2026 ConocoPhillips, a leading global exploration and production company, has released its fourth-quarter and full-year 2025 financial results, along with its guidance for 2026. The company has also declared a quarterly dividend, reflecting its ongoing commitment to returning capital to shareholders. Financial Highlights For the fourth quarter of 2025, ConocoPhillips reported earnings of $1.4 billion, or $1.17 per share, compared to $2.3 billion, or $1.90 per share, in the same period of 2024. Adjusted earnings for the quarter were $1.3 billion, or $1.02 per share, down from $2.4 billion, or $1.98 per share, in the previous year. The decrease in earnings was primarily due to lower realized prices, partially offset by higher production volumes. Full-year 2025 earnings were $8.0 billion, or $6.35 per share, compared to $9.2 billion, or $7.81 per share, in 2024. Adjusted earnings for the year were $7.7 billion, or $6.16 per share, down from $9.2 billion, or $7.79 per share, in the previous year. Business and Operational Highlights ConocoPhillips generated $19.8 billion in cash from operating activities and $19.9 billion in cash from operations (CFO) for the full year. The company distributed $9.0 billion, or 45% of CFO, to shareholders through share repurchases and dividends. Production for the year was 2,375 thousand barrels of oil equivalent per day (MBOED), reflecting a 2.5% underlying growth. The company successfully integrated Marathon Oil, doubling its synergy capture to over $1 billion on a run-rate basis in 2025. Additionally, ConocoPhillips achieved significant cost reductions and margin enhancements, with a target of more than $1 billion on a run-rate basis by the end of 2026. Strategic Initiatives and Corporate Developments ConocoPhillips announced a first-quarter 2026 ordinary dividend of $0.84 per share. The company also highlighted its progress on major projects, including the Willow project in Alaska and equity LNG projects in Qatar and the U.S. Gulf Coast. The company achieved first oil at Surmont Pad 104W-A ahead of schedule and signed an agreement to extend the Waha Concession in Libya through 2050. Management’s Perspective Ryan Lance, chairman and chief executive officer, commented, “ConocoPhillips delivered another year of strong performance in 2025, achieving our CFO-based return of capital target and growing our base dividend at a top-quartile S&P 500 rate. We outperformed our initial production, capital, and cost guidance; successfully integrated Marathon Oil; and made strong progress on our incremental cost reduction and margin enhancement efforts.” Future Outlook For 2026, ConocoPhillips provided guidance for capital expenditures of approximately $12 billion and adjusted operating costs of $10.2 billion. The company expects production to be between 2.33 to 2.36 million barrels of oil equivalent per day (MMBOED) and plans to return 45% of CFO to shareholders. The company is also focused on driving a $1 billion reduction in capital and costs in 2026, with an expected $7 billion in incremental free cash flow by 2029. Source: ConocoPhillips 2026-02-06 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.sr