ConocoPhillips (NYSE:COP) shares are trading lower on Thursday after the company reported fourth-quarter FY25 earnings that missed the consensus estimate.
The company reported earnings of $1.4 billion, or $1.17 per share, compared with $2.3 billion, or $1.90 per share, in the same quarter last year. Adjusted EPS totaled $1.02, missing the consensus estimate of $1.11.
Earnings declined 39% year over year (Y/Y) due to lower prices in the quarter.
Revenue for the quarter was $14.185 billion, missing the expected $14.194 billion consensus.
Production Details
Total production for the quarter rose to 2.32 million BOED, an increase of 137 MBOED from a year ago. After adjusting for closed acquisitions and dispositions, production declined by 2.6% or 63 MBOED.
Lower 48 production reached 1,439 MBOED, comprising 673 MBOED from the Delaware Basin, 194 MBOED from the Midland Basin, 370 MBOED from the Eagle Ford, and 198 MBOED from the Bakken.
The company reported a total average realized price of $42.46 per barrel of oil equivalent (BOE) in the quarter, down 19% Y/Y.
Dividends
ConocoPhillips declared a first-quarter regular dividend of 84 cents per share, payable on March 2, to shareholders of record as of February 18, 2026.
The company spent $3.0 billion on …