ConocoPhillips (NYSE:COP) Plans $0.84 Quarterly Dividend

ConocoPhillips (NYSE:COP) announced a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.84 per share by the energy producer on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 17th.

ConocoPhillips has raised its dividend payment by an average of 0.1%annually over the last three years. ConocoPhillips has a dividend payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ConocoPhillips to earn $8.41 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 40.0%.

ConocoPhillips Stock Performance

Shares of NYSE COP opened at $116.56 on Friday. The company has a 50 day simple moving average of $113.01 and a two-hundred day simple moving average of $115.59. The stock has a market cap of $142.01 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.35 and a beta of 0.11. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.87.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.34. The firm had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $18.79 billion. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The firm’s revenue was up 32.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.42 earnings per share. As a group, analysts predict that ConocoPhillips will post 9.49 earnings per share for the current year.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Earnings and revenue exceeded expectations. ConocoPhillips reported adjusted EPS of $3.24, above the $2.90 consensus estimate, while revenue rose 32.4% year over year to $19.52 billion versus expectations of $18.79 billion. Net income reached approximately $3.9 billion, supported by higher realized oil and gas prices. ConocoPhillips earnings report
• Positive Sentiment: Cash returns increased. The company returned $3.0 billion to shareholders during the quarter, including $2.0 billion in share repurchases and $1.0 billion in ordinary dividends. It also declared a quarterly dividend of $0.84 per share, payable September 1 to shareholders of record August 17. ConocoPhillips second-quarter results and dividend
• Positive Sentiment: Operations and portfolio management were constructive. Record Permian output helped ConocoPhillips beat production guidance, and management reaffirmed its 2026 outlook. The company also completed a $1.7 billion sale of noncore Lower 48 assets, reaching its $5 billion divestiture target ahead of schedule. ConocoPhillips asset sale
• Neutral Sentiment: Leadership succession is planned for September 1. CFO Andy O’Brien will become president and CEO, while Ryan Lance will move to a transitional executive-chair role after 14 years as CEO. The insider transition may provide continuity, although investors will monitor the new leadership’s capital-allocation and growth strategy. ConocoPhillips leadership succession
• Negative Sentiment: Production declined year over year. Second-quarter production was 2.248 million barrels of oil equivalent per day, down from the prior year, even though third-quarter guidance calls for 2.29 million to 2.32 million barrels per day. Any delays to the Qatar LNG project are expected to last months, though management said free cash flow should not be affected. Qatar LNG project update

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.