"ConocoPhillips Surpasses Profit Forecasts with Record Production in Q4 2023"
TL;DR Summary
ConocoPhillips reported fourth-quarter 2023 earnings of $3.0 billion, with full-year 2023 earnings at $11.0 billion. The company achieved record production and a preliminary reserve replacement ratio of 123%. ConocoPhillips plans to return $9 billion to shareholders in 2024 and declared a quarterly ordinary dividend and variable return of cash distribution. The company also progressed its global LNG strategy and enhanced its portfolio through acquisitions and project decisions.
- ConocoPhillips reports fourth-quarter and full-year 2023 results, 123% preliminary reserve replacement ratio; announces 2024 guidance and planned return of capital of $9B; declares quarterly ordinary dividend and variable return of cash distribution ConocoPhillips
- ConocoPhillips beats fourth-quarter profit estimates on higher production Yahoo Finance
- Oil producer ConocoPhillips beats profit estimates, boosts output Reuters
- ConocoPhillips Beats Profit Forecast as Production Hits Record High OilPrice.com
- ConocoPhillips: Q4 Earnings Snapshot Quartz
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