Q1 earnings/ops summary/FY25-26 FCF; div $0.66 qtr; BMO PT boost; NLPC proxy May12; Permian divest rumor
Key Questions
What were ConocoPhillips' Q1 earnings and revenue results?
Q1 EPS was $1.55, up 27%, with $14.9B revenue beating estimates. Operations in Lower 48 reached 1,484 MBOED, total production 2,375 MBOED up 2.5% beating expectations.
What is the quarterly dividend for ConocoPhillips?
The quarterly dividend is steady at $0.66, targeting $3.36 annually on $100+ oil prices. The board announced a 4.5% increase in the quarterly dividend recently.
What are the FY25 and FY26 forecasts for ConocoPhillips?
FY25: 2.4MMBOED production, $8B earnings, $7.3B FCF. FY26: 0-2% production growth, $12B capex, $10.2B opex, 25% workforce trim, $5B sales.
What are the recent analyst price target updates for ConocoPhillips?
Consensus PT is $131.41 with OUTPERFORM rating; BMO boosted to $140 from $130, Wolfe $144, Citi $150. DBS maintains Buy rating post-earnings.
What is the projected FCF and cash returns for ConocoPhillips?
OCF $19.8B with 45% to shares ($9B), $1B 2026 cut, FCF $7B by '29; FY25 returns $9B ($5B repurchases, $4B dividends). $1B+ Marathon synergies and $2B Venez FCF add.
What operational updates were provided for Lower 48 and other regions?
Lower 48 ops summary on output performance; Permian divest rumor, $1B M&A/GoM, North Sea retreat. Gulf of Mexico deepwater revival hinges on lease sales.
What is the status of this earnings highlight for ConocoPhillips?
The Q1 earnings/ops summary and FY25-26 FCF outlook is developing, with WS buzz, BMO PT boost, NLPC proxy May 12, activist vs Lance.
What shareholder returns and strategic moves are highlighted?
Strong cash flow lift from oil tailwinds supports dividend growth; $9B returned in 2025 via buybacks/dividends. Permian asset sale debated as smart move, regional constraints noted but growth ahead with Buy rating/$160 PT.
Q1 EPS$1.55+27%/$14.9B rev beat; ops L48 1,484 MBOED total 2,375 +2.5% beat/Marathon $1B+ syn/OCF $19.8B 45% sh ($9B)/$1B 2026 cut/FCF $7B by'29; FY25 2.4MMBOED/$8B earn/$7.3BBB; FY26 0-2% prod/$12B capex/$10.2B opex/25% workforce trim/$5B sales; div $0.66 qtr steady/$3.36ann target on $100+oil; PT cons $131.41 OUTPERFORM/BMO boost/Wolfe$144/Citi$150; WS buzz; $1B M&A/GoM; activist vs Lance; NorthSea retreat; Venez $2B FCF add.