ConocoPhillips Q3 Earnings: EPS Beat, Dividend Boost, Buyback Expansion & More

ConocoPhillips (NYSE:COP) shares are trading higher after the company released third-quarter results.

Here's a breakdown of the report.

Revenue of $13.604 billion missed the consensus of $14.018 billion

Adjusted EPS of $1.78, beating the consensus of $1.64. 

Operating cash flow stood at $5.8 billion.

$2.9 billion of capital expenditures and investments funded.

$0.9 billion in ordinary dividends and VROC paid.

Repurchased $1.2 billion of shares.

Quarter ended with $7.1 billion in cash and short-term investments and $1.0 billion in long-term investments.

Dividend boost: ConocoPhillips raised the quarterly dividend per share by 34% to $0.78, payable on December 2, 2024, to stockholders of record as of November 11, 2024.

The Board approved an increase to the ...