ConocoPhillips Trims Capex And Operating Cost Outlook, Announces CFO Transition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 08 2025
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Source: Benzinga
First Quarter Results: ConocoPhillips reported a first-quarter revenue of $17.10 billion, exceeding expectations, with an adjusted EPS of $2.09 and production of 2,389 MBOED, marking a significant year-over-year increase.
Future Outlook and Leadership Changes: The company anticipates second-quarter production between 2.34 to 2.38 million barrels per day, has lowered its capital expenditure guidance, and announced the retirement of CFO W.L. Bullock, with Andy O'Brien set to succeed him.
Analyst Views on OILT
Wall Street analysts forecast OILT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OILT is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 23.965
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Current: 23.965
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
