COP Earnings Prediction
The chart below shows how COP performed 10 days before and after its earnings report, based on data from the past quarters. Typically, COP sees a +1.73% change in stock price 10 days leading up to the earnings, and a -0.32% change 10 days following the report. On the earnings day itself, the stock moves by +0.90%. This data can give you a slight idea of what to expect for the next quarter's release.
COP Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
14.24B
-3.35%
9.16%
Gross Margin
29.42%
-9.62%
5.33%
Operating Margin
21.42%
-25.26%
-8.03%
Net Margin
16.20%
-20.67%
2.60%
EPS
1.90
-24.60%
7.95%
No Data Available
COP Earnings Analysis
Conocophillips Corporation (COP.N) Earnings Conference Call
Positive
Earnings Per Share Beat: ConocoPhillips reported an adjusted EPS of $1.98, exceeding expectations of $1.78, showcasing strong financial performance.
Production Growth Achievement: The company achieved a 4% year-over-year production growth, surpassing the high end of its full-year guidance range, with a total production of 2,183,000 barrels of oil equivalent per day in Q4 2024.
Organic Reserve Replacement Ratio: ConocoPhillips delivered a 123% preliminary organic reserve replacement ratio in 2024, with a three-year average of 131%, indicating robust resource management.
Shareholder Capital Return Strategy: The company returned $9.1 billion to shareholders, representing 45% of cash from operations, significantly above the 30% commitment, demonstrating strong capital return strategy.
Shareholder Return Strategy: ConocoPhillips announced a target to return $10 billion to shareholders in 2025, including $4 billion in dividends and $6 billion in buybacks, reflecting confidence in future cash flow generation.
Negative
Acquisition-Related Expenses Impact: Over $400 million in transaction and integration-related expenses were incurred due to the Marathon acquisition, impacting overall profitability.
Cash Flow Challenges: Operating working capital presented a $1 billion headwind in the quarter, primarily due to changes in accounts receivable and accounts payable, indicating cash flow challenges.
Capital Expenditures Analysis: Capital expenditures reached $3.3 billion, which included approximately $400 million for acquisition-related spending that was not included in prior guidance, suggesting potential overspending.
Corporate Segment Net Loss: Full-year adjusted corporate segment net loss guidance is approximately $1.1 billion, highlighting significant financial strain in the corporate segment.
Corporate Tax Rate Impact: The effective corporate tax rate is expected to be in the 36-37% range, indicating a higher tax burden that could affect net earnings.
COP FAQs
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COP Earning Call Sentiment
ConocoPhillips (NYSE:COP) Q4 2024 Earnings Call Transcript
COP.N
-1.6%Positive
The earnings call indicates strong financial performance with EPS exceeding expectations, robust production growth, and significant shareholder returns. The acquisition and integration of Marathon Oil show potential for future synergies and capital optimization. Despite concerns about CapEx reduction and market volatility, the company's guidance and strategic debt management are positive. The Q&A section provided additional confidence in management's strategy, though some responses were vague. Overall, strong financial metrics, optimistic guidance, and shareholder-friendly actions suggest a positive stock price movement.
