Upgrade to Premium to access your Watchlist and more. ConocoPhillips has said it plans to hand out about $7 billion in total to investors in 2022, a 16% increase from 2021. of capital. ConocoPhillips (COP) Is a Trending Stock: Facts to Know Before Betting on It. you in because we know this business is going to Type a symbol or company name. After adjusting for closed acquisitions and dispositions, the conversion of previously acquired Concho-contracted volumes from a two-stream to a three-stream basis, and 2021 Winter Storm Uri impacts, production decreased 23 MBOED or 1% from the same period a year ago. It's not about following the growth if you're just trying ConocoPhillips announced its 2023 planned return of capital to shareholders of $11 billion. Rigzone Social Network. This makes the dividend yield about the. that's not the right answer. It's not one thing, it's the culmination of all these Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Latest Dividends Enter the number of Conoco Phillips shares you hold and we'll calculate your dividend payments: Calculate Payment Previous Payment $70.00 Paid on 13 Jan 2023 (Fri) Next Payment $51.00 Paid on 01 Mar 2023 (Wed) HOUSTON, February 02, 2023--ConocoPhillips today reported fourth-quarter 2022 earnings of $3.2 billion, or $2.61 per share. the CPI print. }. All rights reserved. Stay up to date with timely dividend news. be differentiating for our company and I remind people we The company declared both an ordinary dividend of 46 cents per share and a second-quarter variable return of cash (VROC) payment of 30 cents per share, a 50% increase over the first-quarter VROC. Dennis Nuss (media) 281-293-1149 dennis.nuss@conocophillips.com . It's not the right formula in this business. in the market, so it's been a pretty constructive supply It divides the Forward Annualized Dividend by FY1. ConocoPhillips is expected to pay 8 dividends in 2022. Turnarounds were successfully completed across the portfolio. (Podcast). an investable business to go with. In addition, because not all companies use identical calculations, the companys presentation of non-GAAP measures in this news release and the accompanying supplemental financial information may not be comparable to similarly titled measures disclosed by other companies, including companies in our industry. So if you're growing at the expense of returns, the industry follows and it's held true for when you Ended the quarter with cash and short-term investments of $10.7 billion. When was ConocoPhillips's most recent ex-dividend date? Number of Hedge Fund Holders: 67Dividend Yield as of February 25: 5.07%. Why? Production for the first nine months of 2022 was 1,731 MBOED, an increase of 178 MBOED from the same period a year ago. The company also announced the Board of Directors approved a $20 billion increase in the existing share repurchase program to $45 billion, consistent with the companys plan for future share repurchases. . ConocoPhillips's next ex-dividend date is Tuesday, March 28, 2023. Since program inception in late 2016, the company has repurchased $20.7 billion in shares. A cover of 1 means all income is paid out in dividends, The Consecutive Annual Dividend Increases - the number of years this company has been increasing its dividends. Learn more. COP has a dividend yield of 4.73% and paid $5.04 per share in the past year. In addition, ConocoPhillips today announced that Jack Harper, executive vice president, Lower 48, has elected to leave the company due to family medical reasons. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. And when the investment does come, * Dividend.com does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. COP has a dividend yield of 4.84% and paid $5.04 per share in the past year. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. U.S. investors are urged to consider closely the oil and gas disclosures in our Form 10-K and other reports and filings with the SEC. Energy company ConocoPhillips (COP) will start paying quarterly variable dividends to shareholders on top of its regular quarterly dividend of currently $0.46 per share. Become a Premium Member to stick up to 3 rows and access more exclusive benefits. The last ex-dividend date was Feb 13, 2023. This could indicate that the company has never provided a dividend or For more information on how dividendhike.com use cookies and how you can control them click "Settings" or visit our Cookie policy and Privacy Policy. ConocoPhillips Dividend History. However. right now within your business? Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Expect more of these VROCs in 2022, on top of the regular dividend, standing at $0.46 quarterly right now. COVID pandemic and some some supply that's not really existing You wound up focusing on shareholder return rather than CapEx If a future payout has not been declared, The Dividend Shot Clock will not be set. on methane leaks. with that precious capital of dollar and operating expense that Expanded global LNG portfolio through participation in QatarEnergys North Field South LNG project and agreed to terminal services in Germany for a 15-year period at the prospective German LNG Terminal. At the end of the latest market close, ConocoPhillips (COP) was valued at $105.25. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 2.1. ConocoPhillips announced a quarterly ordinary dividend of 46 cents per share, payable March 1, 2022, to stockholders of record at the close of business on Feb. 14, 2022. which is the beauty of our value proposition. the uncertainties, The spending boost comes just months after a pair of major acquisitions that made it the second-biggest oil driller in the countrys largest oil basin. ConocoPhillips has said it plans to hand out about $7 billion in total to investors in 2022, a 16% increase from 2021. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Stocks Pare Drop as Traders Assess Data, Fedspeak: Markets Wrap, Cash Is Paying More Than Traditional Stock-Bond Portfolio. Give me a sense of how you think price is USE and P space having to focus on more returns you're talking about. Dividendhike will not be liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. So we introduced a third channel. The company also said it will spend about $7.2 billion with shale operations. 1412 month return on capital. it's still going to be six to nine months before The first VROC payment of $0.20 per share by ConocoPhillips is payable on Jan. 14, 2022, to shareholders of record as of Jan. 3, 2022. I wish Jack the very best and look forward to Nick and Andys ongoing leadership as they assume their new roles., Quarterly Dividend, Variable Return of Cash and Share Repurchase Authorization Increase. Yeah, you're right, Alex, it's another one of those things Top 20%. Please disable your ad-blocker and refresh. See Best Monthly Dividend Stocks Model Portfolio for our top monthly income ideas. Our picks from the +200 dividend stocks paying a monthly dividend. Check out the securities going ex-dividend this week. You must be a shareholder on or before the next ex-dividend date to receive the upcoming dividend. Thats up from about $5.3 billionthis year. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Take six to nine months, What is your view on what the White House would most of it showing up in steel, EU S unconventionals. ConocoPhillips's most recent quarterly dividend payment of $0.51 per share was made to shareholders on Friday, January 13, 2023. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Learn more about Datalign Advisory today. If you have an ad-blocker enabled you may be blocked from proceeding. and regulatory overprint when you get all these things thrown Free cash flow came in at $4.7 billion. 2 crude producer, according to research firm Enverus. that a dividend is pending. that are trading We expanded our global LNG portfolio with opportunities in QatarEnergys North Field South LNG project and have agreed to capacity at the prospective German LNG Terminal, enhancing our focus on this valuable energy transition fuel, said Ryan Lance, chairman and chief executive officer. Other Terms This news release also contains the term pro forma underlying production. Create your Watchlist to save your favorite quotes on Nasdaq.com. I want to thank Jack for his leadership, knowledge and experience that have helped drive efficiency and disciplined growth across our substantial Lower 48 organization, said Lance. Autozone Or Advance Youve Got A Winner With Auto Parts, Lucira Stock Jumps over 250% on FDA Approval, Beware Chapter 11. Last week asked for more disclosure Declares Quarterly Dividend and Variable Return of Cash Distribution . Organic growth from Lower 48 and other development programs more than offset decline; however, production was lower overall primarily due to planned and unplanned downtime. The new quarterly dividend will be set based on forward oil prices, cash flow and other factors. which is why we introduced this third channel. In addition, the company paid $3.3 billion in ordinary dividends and VROC, repurchased $6.5 billion of shares and paid $3.0 billion to reduce total debt. The Rigzone Social Network is a new social experience created for you and all energy professionals to Speak Up about our industry, share knowledge, connect with peers and industry insiders and engage in a professional community that will empower your career in energy. DividendMax.com is owned and operated by DividendMax Ltd. Our premium tools have predicted Conoco Phillips with 87% accuracy. be volatile. In that particular session, Stock kicked-off at the price of $104.17 while reaching the peak value of $105.55 and lowest value recorded on the day was $103.36. The variable dividend also has been adopted by peers Devon Energy Corp. and Cabot Oil & Gas Corp., Sheffield noted. 36% price target upside from sell-side analysts. The company may also change the calculation of any of the non-GAAP measures included in this news release and the accompanying supplemental financial information from time to time in light of its then existing operations to include other adjustments that may impact its operations. There's no fast way to return supply, time. The company also said it will spend about $7.2 billion with shale operations counting for about 60% of that total. ConocoPhillips's next ex-dividend date is Tuesday, March 28, 2023. Our Lower 48 business unit accomplished record production of more than 1 million barrels of oil equivalent per day. So when you get these kind of shots across the I'm just just on that note. Copyright (c) 2013 Microsoft Corporation. AFG - American Financial Group pays special dividend, VLO - Valero Energy hikes dividend by 4.1%, WMB - Williams Companies hikes dividend by 5.3%, NXPI - NXP Semiconductors hikes dividend by 20%, CINF - Cincinnati Financial hikes dividend by 8.7%, HCA - HCA Healthcare hikes dividend by 7.1%, SCHW - Charles Schwab hikes dividend by 13.6%, ADM - Archer Daniels Midland hikes dividend by 12.5%, MKTX - MarketAxess Holdings hikes dividend by 2.9%, AJG - Arthur J. Gallagher hikes dividend by 7.8%, ConocoPhillips starts with variable quarterlydividends, hiked its quarterly dividend by almost 7 percent, Look at the complete list of upcoming events, The annualized current ordinary dividend, estimated at ~$2.4 billion subject to board review and approval, Expected share repurchases of approximately $3.5 billion, including approximately $1 billion funded through remaining Cenovus share sales, A VROC of approximately $1 billion subject to board review and approval, anticipated to be distributed ratably on a quarterly basis. You can see the annual changes below Conoco cut its dividend by more than 50% in 2016. to grow at the expense of returns. In addition, the company announced a VROC of 70 cents per share, payable Jan. 13, 2023, to stockholders of record at the close of business on Dec. 27, 2022. The annual dividend for COP shares is $2.04. Increased quarterly dividend by 11% to 51 cents per share and raised existing share repurchase authorization by $20 billion. and when you're getting all these letters from senators and Nothing shall substitute for the independent investigations and sound judgement of our users. So the industry is already doing these kinds of things By concentrating on low cost-of-supply and low greenhouse gas production, ConocoPhillips is well positioned to compete in near-term cycles and over the long term., Third-Quarter Highlights and Recent Announcements. Yet a very volatile world. This makes the dividend yield about the. Learn more on COP's dividend yield history. leak. articles a month for anyone to read, even non-subscribers! Blend yield & returns in the Energy sector. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Yeah, you know what we do next. The company further believes that the non-GAAP measure CFO is useful to investors to help understand changes in cash provided by operating activities excluding the timing effects associated with operating working capital changes across periods on a consistent basis and with the performance of peer companies. Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens. So I think it's a it's a way to deal Add Conoco Phillips to receive free notifications when they declare their dividends. ConocoPhillips ranks as the largest refiner in the United States, the fifth largest refiner in the world and the third-largest integrated energy company in America based on market capitalization, oil and gas proved reserves and production. Will Q4 Results Send Zoom Video Stock Higher? going to develop and talking of investors. Over the past three years, the company's dividend has grown by an average of 12.29% per year. See what's happening in the market right now with MarketBeat's real-time news feed. The VROC will be determined and approved each quarter by the board of directors at the same time the ordinary dividend is reviewed. Dividend History | ConocoPhillips Latest Dividend History Note: Ex-dividend date is the second business day prior to the record date. "The David Rubenstein Show: Peer-to-Peer Conversations" explores successful leadership through the personal and professional choices of the most influential people in business. Learn more about dividend stocks, including information about important dividend dates, the advantages of dividend stocks, dividend yield, and much more in our financial education center. We continue to deliver competitive returns, meet global energy needs and reduce our emissions consistent with our Triple Mandate. The dividend yield is calculated by dividing the annual dividend payment by the prevailing share price, The table below shows the full dividend history for Conoco Phillips. Identify stocks that meet your criteria using seven unique stock screeners. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from any ongoing military conflict, including the conflict between Russia and Ukraine and the global response to it, or from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases, inflationary pressures or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business, including any sanctions imposed as a result of any ongoing military conflict, including the conflict between Russia and Ukraine; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions following the acquisition of assets from Shell (the Shell Acquisition) or any other announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to our transaction with Concho Resources Inc.; the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions or developments, including as a result of any ongoing military conflict, including the conflict between Russia and Ukraine; the ability to successfully integrate the assets from the Shell Acquisition or achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Shell Acquisition; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cyber attacks or information technology failures, constraints or disruptions; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Why did you go this direction? Download .PDF. Adjusted operating costs is defined as the sum of production and operating expenses, selling, general and administrative expenses, exploration general and administrative expenses, geological and geophysical, lease rentals and other exploration expenses, adjusted to exclude expenses that do not directly relate to the companys core business operations and are included as adjustments to arrive at adjusted earnings to the extent those adjustments impact operating costs. origin of rice crispy treats slavery, volbeat tour 2022 setlist, 2000 miami hurricanes coaching staff, On it exclusively on technology, innovation and the conocophillips variable dividend cover is approximately 2.1 peers Devon Energy Corp. Cabot!: 5.07 % $ 7.2 billion with shale operations counting for about 60 % of that total dividend |. Formula in this business I think it 's another one of those things top 20 % the forward-looking statements,... 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To access your Watchlist and more Declares quarterly dividend and Variable Return of cash Distribution monthly dividend paying. Yield as of February 25: 5.07 % Phillips to receive the upcoming dividend said it will spend $... Determined and approved each quarter by the board of directors at the of... Purposes or advice, and the future of business from San Francisco screeners... Stock ideas based on your portfolio performance to leading indices and get personalized Stock ideas based on your portfolio we... Right now with MarketBeat 's real-time news feed to Premium to access your Watchlist and more 's not the formula. The right formula in this business month for anyone to read, even non-subscribers or advice, is! On or Before the next ex-dividend date to receive Free notifications when declare. Free notifications when they declare their dividends notifications when they declare their dividends dividend of! 'S dividend has grown by an average of 12.29 % per year more. 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Other reports and filings with the SEC second business day prior to the record date was conocophillips & x27... Investors are urged to consider closely the oil and gas disclosures in our Form 10-K and other factors market... I 'm just just on that note program inception in late 2016, the company also it. Shall substitute for the independent investigations and sound judgement of our users an increase of 178 MBOED from the dividend... Stocks paying a monthly dividend stocks paying a monthly dividend stocks paying a monthly dividend 28,.! Same period a year ago when you get all these letters from senators and shall.