NYSE$COP

ConocoPhillips Co · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong financial results and increased planned return of capital

ConocoPhillips reported second-quarter 2022 earnings of $5.1 billion, or $3.96 per share, compared with second-quarter 2021 earnings of $2.1 billion, or $1.55 per share. Excluding special items, second-quarter 2022 adjusted earnings were $5.1 billion, or $3.91 per share, compared with second-quarter 2021 adjusted earnings of $1.7 billion, or $1.27 per share.

  • Increased expected 2022 return of capital to shareholders to a total of $15 billion.
  • Distributed $3.3 billion to shareholders through a three-tier framework.
  • Expanded global LNG portfolio through participation in QatarEnergy’s North Field East LNG project.
  • Generated cash provided by operating activities of $7.9 billion and cash from operations (CFO) of $7.8 billion.

Headline financials

Total Revenue

$21.2B

Previous: $10.2B+107.2%
EPS (adj)

$3.91

Previous: $1.27+207.9%
Free Cash Flow

$5.15B

Previous: $2.09B+146.1%
Net Income

$5.15B

Previous: $2.09B+146.1%
Operating Income

$10.4B

Previous: $6.23B+66.8%
Gross Profit

$11.9B

Previous: $7.21B+65.4%
Cash & Equivalents

$6.91B

Previous: $6.61B+4.6%
Total Assets

$93.7B

Previous: $85.4B+9.7%

Revenue & EPS history

ConocoPhillips · Revenue · Quarterly

$21.2B

Q2 2022+107.2%vs Q2 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Third-quarter 2022 production is expected to be 1.70 to 1.76 million barrels of oil equivalent per day (MMBOED), reflecting the impacts of planned seasonal turnarounds primarily in Alaska and the Asia-Pacific region.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.1%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+2.7%

Avg return

30 days after

45%

33 / 73 earnings

Positive

+7.6%

Q3 2016

Best reaction

-14.8%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%-3.8%-11.1%
Q4 2025-2.4%-0.1%+8.8%
Q3 2025-2.4%+3.4%+6.8%
Q2 2025-0.5%+1.6%-0.2%
Q1 2025+1.3%+7.4%-0.6%
Q4 2024-0.3%+1.5%-9.6%
Q3 2024+4.7%+6.0%+5.2%
Q2 2024-4.9%-4.9%+2.3%
Q1 2024-1.7%-0.6%-6.3%
Q4 2023-1.0%-2.3%+0.6%
Q3 2023+2.6%-1.2%-1.2%
Q2 2023-1.6%+0.0%+5.7%
Q1 2023+4.5%+5.7%+6.5%
Q4 2022-8.1%-4.8%-7.7%
Q3 2022+4.6%+6.3%-3.4%
Q2 2022+1.7%+4.6%+20.7%
Q1 2022+3.7%-5.6%+13.7%
Q4 2021-0.4%-1.0%+8.7%
Q3 2021-2.5%+1.2%-4.5%
Q2 2021-0.8%+2.0%+2.2%
Q1 2021+5.1%+8.3%+12.8%
Q4 2020+6.1%+9.1%+36.6%
Q3 2020-0.6%+1.8%+48.6%
Q2 2020-6.4%-5.8%-3.9%
Q1 2020-7.3%-3.1%-0.1%
Q4 2019-0.7%-2.0%-19.4%
Q3 2019-1.1%+2.6%+8.4%
Q2 2019+1.5%-3.0%-10.1%
Q1 2019+0.0%-1.0%-5.9%
Q4 2018+4.6%+5.4%+4.9%
Q3 2018+4.2%+5.8%-2.9%
Q2 2018-0.1%+0.9%+1.5%
Q1 2018-0.2%+1.0%+0.6%
Q4 2017-1.9%-4.9%-8.1%
Q3 2017+2.5%+2.4%+1.0%
Q2 2017+3.6%+2.4%-0.3%
Q1 2017-0.8%-1.5%-5.5%
Q4 2016+4.0%+1.9%-1.4%
Q3 2016+7.6%+4.2%+9.4%
Q2 2016+1.9%-0.7%+5.6%
Q1 2016-0.7%
Q4 2015-14.8%
Q3 2015+0.0%
Q2 2015-4.8%
Q1 2015-0.9%
Q4 2014+0.6%
Q3 2014+2.0%
Q2 2014-4.6%
Q1 2014+3.0%
Q4 2013-1.3%
Q3 2013-0.2%
Q2 2013+3.7%
Q1 2013+1.1%
Q4 2012-5.9%
Q3 2012+2.4%
Q2 2012-0.4%
Q1 2012+1.1%
Q4 2011+1.1%
Q4 2008+1.1%
Q3 2011-0.8%
Q2 2011-2.0%
Q1 2011-1.2%
Q4 2010+0.9%
Q3 2010+0.8%
Q4 2009-0.9%
Q2 2010-0.9%
Q1 2009-4.9%
Q1 2010+1.5%
Q4 2007-0.7%
Q3 2009+2.5%
Q3 2008+2.5%
Q2 2009-0.9%
Q2 2008-0.9%

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