ConocoPhillips 2Q25 Earnings Conference Call
AI Summary
Key Insights
- 💰 Financial Highlights: Adjusted EPS at $1.42; CFO at $4.7B; FCF at $1.4B, with a closing cash balance of $5.7B.
- 🛢️ Production Update: 2Q production reached 2,391 MBOED, exceeding the high end of guidance.
- 🤝 Asset Sales: Announced an agreement to sell Anadarko Basin assets for $1.3B in proceeds.
- 🔮 Outlook: FY production midpoint remains unchanged despite the Anadarko sale; capital and cost guidance also steady.
- 💸 Returns to Shareholders: On track to distribute approximately 45% of the full-year CFO to shareholders.
