ConocoPhillips said production for Q1 2025 was 2,389 MBOED, an increase of 487 MBOED from the same period a year ago. After adjusting for impacts from closed acquisitions and dispositions, production increased by 115 MBOED, or 5%, the company added.

10-QQuarterly reportFiled May 8, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

ConocoPhillips said production for Q1 2025 was 2,389 MBOED, an increase of 487 MBOED from the same period a year ago. After adjusting for impacts from closed acquisitions and dispositions, production increased by 115 MBOED, or 5%, the company added.
ConocoPhillips said cash provided by operating activities for Q1 2025 was $6.1 billion, compared with $5.0 billion in the corresponding period a year ago. It returned $2.5 billion to shareholders, consisting of $1.5 billion through share repurchases and $1 billion through the ordinary dividend.
ConocoPhillips lowered its full-year capital expenditure guidance to $12.3 billion to $12.6 billion. Prior guidance was approximately $12.9 billion, and all other guidance remains unchanged, the company said.
In conjunction with its acquisition of Marathon Oil, ConocoPhillips communicated a disposition proceeds target of $2 billion. Through May 2025, the company closed definitive agreements to dispose of certain assets in the Lower 48 segment for proceeds of approximately $1.3 billion, inclusive of noncore assets disposed of in Q1 as well as the disposition of the Ursa and Europa Fields, and Ursa Oil Pipeline Company LLC in May $0.6 billion $0.7 billion.

Key figures

Quarter ended March 31, 2025

Revenue: $14.5B
Net income: $2.8B
EPS: $2.23
Operating cash flow: $6.1B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 Production 2,389 MBOED

ConocoPhillips said production for Q1 2025 was 2,389 MBOED, an increase of 487 MBOED from the same period a year ago. After adjusting for impacts from closed acquisitions and dispositions, production increased by 115 MBOED, or 5%, the company added.

Source · Based on the MD&A text of the filing

Operating Cash Flow $6.1 billion and Shareholder Returns

ConocoPhillips said cash provided by operating activities for Q1 2025 was $6.1 billion, compared with $5.0 billion in the corresponding period a year ago. It returned $2.5 billion to shareholders, consisting of $1.5 billion through share repurchases and $1 billion through the ordinary dividend.

Source · Based on the MD&A text of the filing

Full-Year Capital Expenditure Guidance $12.3 billion to $12.6 billion

ConocoPhillips lowered its full-year capital expenditure guidance to $12.3 billion to $12.6 billion. Prior guidance was approximately $12.9 billion, and all other guidance remains unchanged, the company said.

Source · Based on the MD&A text of the filing

Lower 48 Dispositions Approximately $1.3 billion

In conjunction with its acquisition of Marathon Oil, ConocoPhillips communicated a disposition proceeds target of $2 billion. Through May 2025, the company closed definitive agreements to dispose of certain assets in the Lower 48 segment for proceeds of approximately $1.3 billion, inclusive of noncore assets disposed of in Q1 as well as the disposition of the Ursa and Europa Fields, and Ursa Oil Pipeline Company LLC in May $0.6 billion $0.7 billion.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

Unauthorized scraping, data storage and database creation prohibited

Without prior written consent, you must not crawl or scrape data compiled and organized by Chickstock or its analysis and summaries, or collect them repeatedly or in bulk for storage, ingestion or database creation. Repurposing, redistribution, sale and use to build other services are also prohibited.

Unauthorized use may result in access restrictions, demands to stop infringement and delete copies, and claims for damages. Violations of applicable law may also give rise to criminal liability.

Uses permitted by law, the Terms of Service or a separate agreement remain subject to their respective scope. Rights in individual source materials, including original filings, remain with their respective rights holders.