In Q2 2024, ConocoPhillips reported a profit of $2.33bn, exceeding estimates, and announced plans to acquire Marathon Oil.

ConocoPhills reported a Q2 2024 profit of $2.33 billion, surpassing estimates with $1.98 EPS and $14.14 billion revenues. Production increased to 1,945 MBOED, while the company plans to acquire Marathon Oil and revised its FY2024 production outlook to 1.93-1.94 MMBOED, with capital expenditures guidance at $11.5 billion. COP shares increased to $112.00 premarket following the financial report.

August 01, 2024
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