ConocoPhillips Stock News

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ConocoPhillips is very optimistic about what's ahead.

ConocoPhillips (NYSE:COP ) Q3 2024 Earnings Conference Call October 31, 2024 12:00 PM ET Company Particiapants Phil Gresh - Vice President, Investor Relations Ryan Lance - Chairman and CEO Bill Bullock - Executive Vice President and Chief Financial Officer Andy O'Brien - SVP of Strategy, Commercial Sustainability and Technology Nick Olds - Executive Vice President of Lower 48 Kirk Johnson - Sen...

ConocoPhillips shares rose 2.8% in premarket trades Thursday after the oil giant reported better-than-expected third-quarter earnings and gave robust production guidance.

ConocoPhillips posted a third-quarter profit that beat Wall Street estimates on Thursday, as the Texas-based oil and gas producer benefited from higher production.

HOUSTON--(BUSINESS WIRE)--ConocoPhillips today reported 3Q2024 earnings of $2.1 billion, or $1.76 per share, compared with 3Q2023 earnings of $2.8 billion, or $2.32 per share.

Marathon Oil Corp , which is being acquired by larger rival ConocoPhillips , this week said it would dismiss 500 workers in Texas, according to a filing with the Texas Workforce Commission.

ConocoPhillips is exploring a sale of some of its shale operations in the Permian Basin worth more than $1 billion, two years after an unsuccessful attempt to find a buyer for the same assets, people familiar with the matter said on Wednesday.