NYSE$COP
ConocoPhillips Co · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported earnings for Q3 2022.
ConocoPhillips reported Q3 2022 earnings of $4.5 billion, or $3.55 per share, compared to Q3 2021 earnings of $2.4 billion, or $1.78 per share. Adjusted earnings were $4.6 billion, or $3.60 per share. The company distributed $4.3 billion to shareholders and achieved a record Lower 48 production of over 1 million barrels of oil equivalent per day.
- Distributed $4.3 billion to shareholders through dividends and share repurchases.
- Increased quarterly dividend by 11% to 51 cents per share and raised share repurchase authorization by $20 billion.
- Expanded global LNG portfolio through participation in QatarEnergy’s North Field South LNG project and agreed to terminal services in Germany.
- Achieved Lower 48 production milestone of greater than 1,000 MBOED, contributing to record global production of 1,754 MBOED.
Headline financials
Revenue & EPS history
ConocoPhillips · Revenue · Quarterly
$21B
Forward guidance
The company expects fourth-quarter 2022 production to be between 1.74 and 1.80 million barrels of oil equivalent per day (MMBOED). The company’s full-year expected production remains unchanged at 1.74 MMBOED. The company updated its 2022 operating capital guidance to $8.1 billion versus the prior guidance of $7.8 billion, reflecting inflationary impacts and partner-operated well mix in the Lower 48. Full-year guidance for adjusted operating cost is $7.7 billion versus the prior guidance of $7.5 billion, reflecting inflationary impacts in the Lower 48.
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 Q3 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
| Quarter | Report date | Reaction (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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