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ConocoPhillips raises dividend and output forecast after Q3 beat
ConocoPhillips beats Q3 estimates, lifts dividend and production outlook while cutting costs.
ConocoPhillips reported adjusted Q3 earnings of US $1.61 per share, exceeding analyst estimates of US $1.43, thanks to higher production (2.4 million boe/d) and cost cuts tied to its US acquisition of Marathon Oil.
The independent oil‑&‑gas producer raised its quarterly dividend by 8 % to US $0.84/share and lifted its full‑year 2025 production target to 2.375 million boe/d (previously 2.35–2.37 m). It also trimmed its operating‑cost outlook to US $10.6 billion from US $10.9 billion.
The company flagged ~2 % production growth in 2026 amid major project roll‑outs.